Filing Flows › Innovative Eyewear (LUCYW) › Q1 2025
Innovative Eyewear (LUCYW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Innovative Eyewear (LUCYW) reported revenue of $455K for the first quarter 2025 (Q1 2025), +19% from a year earlier and -34% from the quarter before. Operating margin was -391.4%, net loss $1.8M (391.4% of revenue).
Innovative Eyewear, Q1 2025: revenue $455K (+18% year over year), operating margin -391.4%, net loss $1.8M, operating cash flow −$2.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $455K | -34% | +19% |
| Operating profit | −$1.8M | — | — |
| Net earnings | −$1.8M | — | — |
| Operating cash flow | −$2.3M | — | — |
What changed
Revenue was $455K in Q1 2025, up 19% year over year and down 34% from the previous quarter.
Gross margin was 48.5%, up 46.7 points from a year earlier. Operating costs exceeded revenue by $1.8M, an operating margin of -391.4%. Operating expenses grew 1% against revenue growth of 19%. The quarter ended with a net loss of $1.8M, narrower than the previous quarter's $2.1M loss.
Operating cash flow was −$2.3M. Non-cash charges added back $34K of depreciation and amortization and $178K of share-based compensation. Working capital and other items used $744K. Capital expenditures of $41K exceeded it, leaving free cash flow of −$2.4M.
Questions
What was Innovative Eyewear's revenue in the first quarter 2025?
Innovative Eyewear (LUCYW) reported revenue of $455K for the first quarter 2025 (Q1 2025), +19% from a year earlier and -34% from the quarter before.
Was Innovative Eyewear profitable in the first quarter 2025?
Operating loss was $1.8M (-391.4% of revenue) and net loss $1.8M.
Source: Innovative Eyewear 10-Q on SEC EDGAR.