Innovative Eyewear's Q3 Revenue Surges 163% YoY to $668,128; Lucyd Armor Smart Safety Glasses Drive Growth

Innovative Eyewear has reported Q3 revenue of $668,128, a 163% YoY increase, driven by the success of its Lucyd Armor smart safety glasses and Reebok Powered by Lucyd collection. Nine-month revenue reached $1.7 million, an 80% increase. Gross profit margins improved to 37% in Q3, up from 23% a year earlier. The company has a cash pile of $7.998 million and plans to build on the success of its popular product lines.