Innovative Eyewear Revenue Surges 74% on Strong Unit Sales
Innovative Eyewear Inc. reported a record second quarter with revenue up 74% year-over-year, driven by a near 100% increase in Lucyd Armor® unit sales and growth in cobranded Reebok® smartglasses. The company also saw its gross margin improve to 24%, reversing a prior year loss. This marks the twelfth consecutive quarter of year-over-year revenue growth and the first time the company surpassed $1 million in quarterly revenue.
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