Innovative Eyewear Q2 FY26 net loss narrows 21% to $1.67 million; revenue rises 74% to $1.01 million - LUCY News | RalliesInnovative Eyewear Q2 FY26 net loss narrows 21% to $1.67 million; revenue rises 74% to $1.01 million
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LUCY• Product sales and retail expansion
- Lucyd Armor unit sales more than doubled to about 4,700; Reebok smartglasses volume rose to over 1,600 units.
- CEO Harrison Gross said momentum accelerated; retail expansion includes a 345-clinic Canada rollout and a 183-store U.S. test starting in October.
Q2 revenue tops $1 million for the first time
- Innovative Eyewear posted Q2 net revenue of $1.01 million, up 74% year over year, topping $1 million quarterly for the first time.
- Gross profit swung to $242,515 from a gross loss, lifting gross margin to 24% from (2)% on tariff mitigation actions.
- Net loss narrowed 21% to $1.67 million; operating expenses fell 10% to $1.95 million on lower R&D and G&A.
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