Innovative Eyewear Inc income statement
In fiscal 2025, Innovative Eyewear Inc reported revenue of $2.7m, up 62.6% on the year before and net income of −$7.6m, or −$1.90 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 691 | 660 | 1,152 | 1,636 | 2,662 | 3,412 |
| Cost of revenue | 542 | 716 | 1,272 | 1,421 | 2,094 | 2,634 |
| Gross profit | 148 | −56 | −119 | 215 | 567 | 778 |
| Research and development | 86 | 525 | 662 | 819 | 725 | 527 |
| Selling and marketing | 1,771 | 2,059 | 2,047 | 2,706 | 2,971 | 2,975 |
| General and administrative | 1,386 | 2,797 | 3,887 | 4,473 | 5,226 | 5,632 |
| Interest expense | 39 | 105 | 3 | — | — | — |
| Net income | −3,245 | −5,682 | −6,663 | −7,767 | −7,591 | −7,687 |
| Diluted EPS | — | −$295.46 | −$10.87 | −$5.19 | −$1.90 | — |
| Diluted shares (average) | — | — | — | 1m | 4m | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 254 | 691 | 455 | 579 | 668 | 960 | 774 | 1,011 |
| Cost of revenue | 194 | 597 | 234 | 592 | 423 | 845 | 598 | 768 |
| Gross profit | 59 | 94 | 221 | −13 | 245 | 115 | 175 | 243 |
| Research and development | 131 | 215 | 211 | 268 | 130 | 117 | 138 | 142 |
| Selling and marketing | 533 | 1,069 | 787 | 544 | 723 | 916 | 784 | 552 |
| General and administrative | 1,122 | 947 | 1,091 | 1,311 | 1,277 | 1,546 | 1,590 | 1,219 |
| Income tax | 0 | — | 0 | 0 | 0 | — | 0 | 0 |
| Net income | −1,721 | −2,126 | −1,779 | −2,106 | −1,836 | −1,870 | −2,309 | −1,671 |
| Diluted EPS | −$0.99 | −$0.41 | −$0.72 | −$0.66 | −$0.38 | −$0.28 | −$0.37 | −$0.26 |
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