Filing Flows › Innovative Eyewear (LUCYW) › Q1 2026
Innovative Eyewear (LUCYW) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Innovative Eyewear (LUCYW) reported revenue of $774K for the first quarter 2026 (Q1 2026), +70% from a year earlier and -19% from the quarter before. Operating margin was -298.5%, net loss $2.3M (298.5% of revenue).
Innovative Eyewear, Q1 2026: revenue $774K (+70% year over year), operating margin -298.5%, net loss $2.3M, operating cash flow −$2.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $774K | -19% | +70% |
| Operating profit | −$2.3M | — | — |
| Net earnings | −$2.3M | — | — |
| Operating cash flow | −$2.5M | — | — |
What changed
Revenue was $774K in Q1 2026, up 70% year over year and down 19% from the previous quarter. E-commerce channels was the largest line at 96% of revenue. E-commerce channels added $323K year over year (up 77%), 101% of the total change. Wholesale channels declined 19%.
Gross margin was 22.7%, down 25.8 points from Q1 2025. Operating costs exceeded revenue by $2.3M, an operating margin of -298.5%. Operating expenses grew 24% against revenue growth of 70%. The quarter ended with a net loss of $2.3M, wider than the previous quarter's $1.9M loss.
Operating cash flow was −$2.5M. Non-cash charges added back $29K of depreciation and amortization and $201K of share-based compensation. Working capital and other items used $411K.
Questions
What was Innovative Eyewear's revenue in the first quarter 2026?
Innovative Eyewear (LUCYW) reported revenue of $774K for the first quarter 2026 (Q1 2026), +70% from a year earlier and -19% from the quarter before.
Was Innovative Eyewear profitable in the first quarter 2026?
Operating loss was $2.3M (-298.5% of revenue) and net loss $2.3M.
Source: Innovative Eyewear 10-Q on SEC EDGAR.