<span item_type="fundamental" item_id="625f5f68d2527ef06e6253a2ad8426d3" counter_id="ST/US/LUCYW" env="prod"></span><span item_type="announcement" item_id="515746300775568513" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 454.5 K.</p><p>EPS: As of FY2025 Q1, the actual value is USD -0.72.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Revenues, net</strong>: $454,501 for the three months ended March 31, 2025, an increase of 19% compared to $383,471 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1808377/000182912625003623/innovative_10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Gross Profit</strong>: $220,533 for the three months ended March 31, 2025, compared to $6,951 for the same period in 2024, with gross margins improving from 2% to 49%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1808377/000182912625003623/innovative_10q.htm"></span></li><li><strong>Net Loss</strong>: - $1,778,703 for the three months ended March 31, 2025, compared to - $1,971,311 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1808377/000182912625003623/innovative_10q.htm"></span></li><li><strong>Operating Expenses</strong>: $2,124,324 for the three months ended March 31, 2025, an increase of 5% from $2,021,542 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1808377/000182912625003623/innovative_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Flows from Operating Activities</strong>: - $2,311,049 for the three months ended March 31, 2025, compared to - $1,467,355 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1808377/000182912625003623/innovative_10q.htm"></span></li><li><strong>Net Cash Flows from Investing Activities</strong>: $4,940,232 for the three months ended March 31, 2025, compared to - $95,538 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1808377/000182912625003623/innovative_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Revenue from App Subscriptions</strong>: $2,831 for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1808377/000182912625003623/innovative_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company plans to launch the Reebok® Powered by Lucyd premium optical collection in the fourth quarter of 2025 and anticipates further growth in revenues due to new product launches and international expansion.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1808377/000182912625003623/innovative_10q.htm"></span></li><li><strong>Non-Core Business</strong>: The company is focusing on diversifying its supply chain and expanding internationally to mitigate the impact of tariffs and enhance global market presence.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1808377/000182912625003623/innovative_10q.htm"></span></li></ul>

INNOVATIVE EYEWEAR INC C/WTS 16/08/2027 (TO PUR COM) SER A | 10-Q: FY2025 Q1 Revenue: USD 454.5 K