Filing Flows › Innovative Eyewear (LUCYW) › Q4 2024
Innovative Eyewear (LUCYW) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 24, 2025
Innovative Eyewear (LUCYW) reported revenue of $691K for the fourth quarter 2024 (Q4 2024), +12% from a year earlier and +172% from the quarter before. Operating margin was -307.8%, net loss $2.1M (307.8% of revenue).
Innovative Eyewear, Q4 2024: revenue $691K (+12% year over year), operating margin -307.8%, net loss $2.1M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $691K | +172% | +12% |
| Operating profit | −$2.1M | — | — |
| Net earnings | −$2.1M | — | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $691K in Q4 2024, up 12% year over year and up 172% from the previous quarter.
Gross margin was 13.6%. Operating costs exceeded revenue by $2.1M, an operating margin of -307.8%. The quarter ended with a net loss of $2.1M, wider than the previous quarter's $1.7M loss.
Operating cash flow was −$1.9M. Non-cash charges added back $40K of depreciation and amortization and $264K of share-based compensation. Working capital and other items used $122K. Capital expenditures of $26K exceeded it, leaving free cash flow of −$2.0M.
Questions
What was Innovative Eyewear's revenue in the fourth quarter 2024?
Innovative Eyewear (LUCYW) reported revenue of $691K for the fourth quarter 2024 (Q4 2024), +12% from a year earlier and +172% from the quarter before.
Was Innovative Eyewear profitable in the fourth quarter 2024?
Operating loss was $2.1M (-307.8% of revenue) and net loss $2.1M.
Source: Innovative Eyewear 10-K on SEC EDGAR.