LUCY
Income statement / Annual
Last year (2023), Innovative Eyewear, Inc.'s total revenue was $1.15 M,
an increase of 74.67% from the previous year.
In 2023, Innovative Eyewear, Inc.'s net income was -$6.66 M.
See Innovative Eyewear, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$1.15 M
|
$659,788.00
|
$690,670.00
|
$56,997.00
|
$4,821.00
|
| Cost of Revenue |
$1.27 M |
$716,077.00 |
$542,416.00 |
$74,266.00 |
$7,735.00 |
| Gross Profit |
-$119,329.00 |
-$56,289.00 |
$148,254.00 |
-$17,269.00 |
-$2,914.00 |
| Gross Profit Ratio |
-0.1 |
-0.09 |
0.21 |
-0.3 |
-0.6 |
| Research and Development
Expenses |
$662,184.00
|
$524,692.00
|
$86,261.00
|
$36,894.00
|
$4,083.00
|
| General & Administrative
Expenses |
$3.89 M
|
$2.80 M
|
$1.39 M
|
$316,115.00
|
$43,398.00
|
| Selling & Marketing
Expenses |
$2.05 M
|
$2.06 M
|
$1.77 M
|
$152,731.00
|
$2,924.00
|
| Selling, General &
Administrative Expenses |
$5.93 M
|
$4.86 M
|
$3.16 M
|
$468,846.00
|
$46,322.00
|
| Other Expenses |
$0.00 |
$140,000.00 |
$109,975.00 |
$130,000.00 |
$56,108.00 |
| Operating Expenses |
-$119,329.00 |
$5.52 M |
$3.35 M |
$635,740.00 |
$106,513.00 |
| Cost And Expenses |
$8.01 M |
$6.24 M |
$3.90 M |
$710,006.00 |
$114,248.00 |
| Interest Income |
$0.00 |
$105,171.00 |
$39,433.00 |
$4,966.00 |
$0.00 |
| Interest Expense |
$3,036.00 |
$105,171.00 |
$39,433.00 |
$4,966.00 |
$0.00 |
| Depreciation &
Amortization |
$85,257.00
|
$32,567.00
|
$7,677.00
|
$994.00
|
$262,625.00
|
| EBITDA |
-$6.58 M
|
-$5.54 M
|
-$3.20 M
|
-$762,224.00
|
-$109,427.00
|
| EBITDA Ratio |
-5.71 |
-8.4 |
-4.63 |
-11.4 |
-22.7 |
| Operating Income Ratio
|
-5.99
|
-8.45
|
-4.64
|
-11.42
|
-22.7
|
| Total Other
Income/Expenses Net |
$237,114.00
|
-$105,171.00
|
-$39,433.00
|
-$115,175.00
|
-$153,198.00
|
| Income Before Tax |
-$6.66 M |
-$5.68 M |
-$3.24 M |
-$768,184.00 |
-$109,427.00 |
| Income Before Tax Ratio
|
-5.78
|
-8.61
|
-4.7
|
-13.48
|
-22.7
|
| Income Tax Expense |
$0.00 |
$105,171.00 |
$39,433.00 |
$7,086.00 |
-$262,625.00 |
| Net Income |
-$6.66 M |
-$5.68 M |
-$3.24 M |
-$768,184.00 |
-$262,625.00 |
| Net Income Ratio |
-5.78 |
-8.61 |
-4.7 |
-13.48 |
-54.48 |
| EPS |
-12.67 |
-17.41 |
-12.37 |
-5.19 |
-0.0433 |
| EPS Diluted |
-12.67 |
-17.41 |
-12.37 |
-5.19 |
-0.0433 |
| Weighted Average Shares
Out |
$525,800.00
|
$326,448.00
|
$262,281.00
|
$148,014.00
|
$6.06 M
|
| Weighted Average Shares
Out Diluted |
$525,800.00
|
$326,448.00
|
$262,281.00
|
$148,014.00
|
$0.00
|
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