Innovative Eyewear (NASDAQ:LUCY) Issues Earnings Results

Innovative Eyewear (NASDAQ:LUCY) issued its earnings results on Monday. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.16) by $0.75, Zacks reports. Innovative Eyewear had a negative return on equity of 115.86% and a negative net margin of 514.01%. The company had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.00 million.

Innovative Eyewear Trading Down 5.6 %

Innovative Eyewear stock traded down $0.19 during midday trading on Monday, hitting $3.18. 25,557 shares of the stock were exchanged, compared to its average volume of 960,599. The stock’s 50-day simple moving average is $4.74 and its 200 day simple moving average is $6.09. Innovative Eyewear has a fifty-two week low of $3.03 and a fifty-two week high of $27.20. The stock has a market capitalization of $7.77 million, a price-to-earnings ratio of -0.33 and a beta of 2.75.

About Innovative Eyewear

Innovative Eyewear, Inc develops and sells smart eyeglasses and sunglasses. The company's flagship product is Lucyd Lyte glasses that enable the wearer to listen to music, take and make calls, and use voice assistants to perform various smartphone tasks hands-free. It also offers Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with voice.