Innovative Eyewear (LUCY)


Market Price (10/8/2026): $0.9 | Market Cap: $5.8 MilSector: Health Care | Industry: Health Care Equipment

Innovative Eyewear (LUCY)


Market Price (10/8/2026): $0.9
Market Cap: $5.8 Mil
Sector: Health Care
Industry: Health Care Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -64%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 72%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25%

Megatrend and thematic drivers
Megatrends include Augmented Human & Smart Wearables. Themes include Smart Eyewear.

Weak multi-year price returns
2Y Excs Rtn is -126%, 3Y Excs Rtn is -173%

Penny stock
Mkt Price is 0.9

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -8.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -249%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -211%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -220%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -136%

High stock price volatility
Vol 12M is 126%

Key risks
LUCY key risks include [1] a high probability of bankruptcy due to severe financial distress, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -64%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 72%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25%
3 Megatrend and thematic drivers
Megatrends include Augmented Human & Smart Wearables. Themes include Smart Eyewear.
4 Weak multi-year price returns
2Y Excs Rtn is -126%, 3Y Excs Rtn is -173%
5 Penny stock
Mkt Price is 0.9
6 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -8.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -249%
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23%
8 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -211%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -220%
9 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -136%
10 High stock price volatility
Vol 12M is 126%
11 Key risks
LUCY key risks include [1] a high probability of bankruptcy due to severe financial distress, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/1/2026

Innovative Eyewear (LUCY) stock has gained about 15% since 6/30/2026 because of the following key factors:

1. Robust Financial Performance in Fiscal Q2 2026. Innovative Eyewear reported record net revenue of $1.01 million for fiscal Q2 2026, which ended June 30, 2026, representing a 74% increase year-over-year. This marked the company's first quarter surpassing $1 million in revenue and its twelfth consecutive quarter of year-over-year revenue growth. The company also significantly improved its gross margin to 24% from a (2)% gross loss in the prior year quarter and narrowed its net loss to $1.67 million. These results exceeded analyst expectations, with an EPS beat of $0.11 and revenue exceeding estimates by $0.11 million.

2. Significant Expansion of Retail Distribution. During fiscal Q3 2026, the company announced major retail initiatives, including a 345-store rollout with Canada's FYihealth Group (FYidoctors and Visique clinics) for Lucyd Armor smart safety eyewear, effectively doubling its brick-and-mortar footprint to over 700 locations. Furthermore, Innovative Eyewear revealed an expansion into more than 150 stores of a major U.S. big box retailer, with products anticipated to appear on shelves in mid-October 2026.

Show more
Updated on 10/1/2026

Innovative Eyewear (LUCY) stock has gained about 15% since 6/30/2026 because of the following key factors:

1. Robust Financial Performance in Fiscal Q2 2026. Innovative Eyewear reported record net revenue of $1.01 million for fiscal Q2 2026, which ended June 30, 2026, representing a 74% increase year-over-year. This marked the company's first quarter surpassing $1 million in revenue and its twelfth consecutive quarter of year-over-year revenue growth. The company also significantly improved its gross margin to 24% from a (2)% gross loss in the prior year quarter and narrowed its net loss to $1.67 million. These results exceeded analyst expectations, with an EPS beat of $0.11 and revenue exceeding estimates by $0.11 million.

2. Significant Expansion of Retail Distribution. During fiscal Q3 2026, the company announced major retail initiatives, including a 345-store rollout with Canada's FYihealth Group (FYidoctors and Visique clinics) for Lucyd Armor smart safety eyewear, effectively doubling its brick-and-mortar footprint to over 700 locations. Furthermore, Innovative Eyewear revealed an expansion into more than 150 stores of a major U.S. big box retailer, with products anticipated to appear on shelves in mid-October 2026.

3. Strategic Alliances and International Partnerships. Innovative Eyewear forged a strategic alliance with HTC Corporation in August 2026, focused on the US commercialization of the VIVE Eagle smart eyewear line, with a launch expected in September 2026. This was complemented by an exclusive distribution partnership announced in September 2026 with Directed Electronics for Lucyd and Reebok smart eyewear across Australia and New Zealand.

4. Improved Operational Efficiency and Product Innovation. The company demonstrated improved operational efficiency, with operating expenses falling from 467% of revenue in fiscal Q1 2025 to 193% in fiscal Q2 2026, and net loss narrowing from 391% to 165% of revenue over the same period. Additionally, Innovative Eyewear introduced new AI and news features for its Lucyd App in August 2026 and announced the upcoming global launch of its next-generation Lucyd Aero™ smart eyewear collection, its lightest model to date, anticipated in fiscal Q4 2026.

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Stock Movement Drivers

Fundamental Drivers

The 16.9% change in LUCY stock from 6/30/2026 to 10/7/2026 was primarily driven by a 14.5% change in the company's Total Revenues ($ Mil).
(LTM values as of)630202610072026Change
Stock Price ($)0.780.9116.9%
Change Contribution By: 
Total Revenues ($ Mil)3314.5%
P/S Multiple1.61.74.7%
Shares Outstanding (Mil)66-2.5%
Cumulative Contribution16.9%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/7/2026
ReturnCorrelation
LUCY16.9% 
Market (SPY)4.1%12.8%
Sector (XLV)6.4%-2.8%

Fundamental Drivers

The -16.3% change in LUCY stock from 3/31/2026 to 10/7/2026 was primarily driven by a -22.6% change in the company's P/S Multiple.
(LTM values as of)331202610072026Change
Stock Price ($)1.090.91-16.3%
Change Contribution By: 
Total Revenues ($ Mil)3328.2%
P/S Multiple2.21.7-22.6%
Shares Outstanding (Mil)56-15.7%
Cumulative Contribution-16.3%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/7/2026
ReturnCorrelation
LUCY-16.3% 
Market (SPY)19.8%11.1%
Sector (XLV)15.7%2.6%

Fundamental Drivers

The -52.7% change in LUCY stock from 9/30/2025 to 10/7/2026 was primarily driven by a -49.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)930202510072026Change
Stock Price ($)1.930.91-52.7%
Change Contribution By: 
Total Revenues ($ Mil)2372.5%
P/S Multiple3.11.7-45.4%
Shares Outstanding (Mil)36-49.8%
Cumulative Contribution-52.7%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/7/2026
ReturnCorrelation
LUCY-52.7% 
Market (SPY)17.6%20.3%
Sector (XLV)22.9%12.3%

Fundamental Drivers

The -91.9% change in LUCY stock from 9/30/2023 to 10/7/2026 was primarily driven by a -92.1% change in the company's Shares Outstanding (Mil).
(LTM values as of)930202310072026Change
Stock Price ($)11.250.91-91.9%
Change Contribution By: 
Total Revenues ($ Mil)13539.1%
P/S Multiple10.61.7-83.9%
Shares Outstanding (Mil)16-92.1%
Cumulative Contribution-91.9%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/7/2026
ReturnCorrelation
LUCY-91.9% 
Market (SPY)88.1%6.2%
Sector (XLV)37.3%-0.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
LUCY Return--77%-69%-42%-80%-7%-99%
Peers Return32%-8%11%10%-4%-1%43%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
LUCY Win Rate-40%25%33%17%40% 
Peers Win Rate67%47%55%57%48%44% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
LUCY Max Drawdown---91%-83%-84%-63% 
Peers Max Drawdown-16%-38%-32%-32%-30%-32% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: EW, UFPT, IART, ABT, ISRG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/7/2026 (YTD)

How Low Can It Go

EventLUCYS&P 500
2024 Yen Carry Trade Unwind
  % Loss-60.8%-7.8%
  % Gain to Breakeven155.0%8.5%
  Time to Breakeven38 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-52.5%-9.5%
  % Gain to Breakeven110.4%10.5%
  Time to Breakeven196 days24 days

Compare to EW, UFPT, IART, ABT, ISRG

In The Past

Innovative Eyewear's stock fell -60.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 155.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventLUCYS&P 500
2024 Yen Carry Trade Unwind
  % Loss-60.8%-7.8%
  % Gain to Breakeven155.0%8.5%
  Time to Breakeven38 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-52.5%-9.5%
  % Gain to Breakeven110.4%10.5%
  Time to Breakeven196 days24 days

Compare to EW, UFPT, IART, ABT, ISRG

In The Past

Innovative Eyewear's stock fell -60.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 155.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Innovative Eyewear (LUCY)

Innovative Eyewear (LUCY) is a company that develops and sells cutting-edge smart eyeglasses and sunglasses. Its primary product is Lucyd Lyte® glasses, which are designed to look and be priced like designer eyewear while offering extensive digital connectivity. These lightweight and comfortable glasses enable wearers to listen to music, make and take calls, and utilize voice assistants to perform numerous smartphone tasks hands-free, such as sending messages, checking emails, getting directions, making payments, and even calling an Uber.

A key offering enhancing the Lucyd Lyte experience is Vyrb™, a proprietary voice-controlled social media application. Vyrb allows users to interact with social media platforms entirely through voice commands via their smart glasses, without needing to use their phone. This includes creating and receiving posts, engaging in social gatherings, and consuming audio content like podcasts and music. Vyrb also supports sharing content to other major social media platforms.

Innovative Eyewear targets a market of consumers who wish to "Upgrade Your Eyewear®" by integrating digital connectivity into their daily vision or sun protection. The company's products cater to individuals seeking to stay connected to their digital lives through their eyewear, sitting at the intersection of traditional eyewear, electronic in-ear devices (hearables), and digital assistants.

AI Analysis | Feedback

"Think of them as Apple AirPods, but built into stylish eyeglasses."

"Like Warby Parker, but with smart technology for hands-free phone use."

AI Analysis | Feedback

  • Lucyd Lyte® glasses: Cutting-edge smart eyewear designed for all-day wear, enabling hands-free interaction with digital devices for music, calls, and voice assistant functions.
  • Vyrb™: A proprietary social media application that allows users to send and receive voice-activated social media posts, audiobooks, podcasts, and music, enhancing interaction with Lucyd Lyte glasses and other hearables.

AI Analysis | Feedback

Innovative Eyewear (LUCY) primarily sells its Lucyd Lyte® smart glasses to individual consumers rather than other companies. Based on the product's features and marketing approach, the company serves the following categories of customers:

  1. Tech-Forward and Connected Individuals: These customers are early adopters of wearable technology who prioritize staying digitally connected and appreciate the convenience of hands-free interaction with their smartphones, digital assistants, and social media platforms directly through their eyewear. They value seamless integration of technology into their daily lives.
  2. Style-Conscious Consumers Seeking Integrated Functionality: This category includes individuals who seek eyewear that combines designer aesthetics and comfort with advanced smart features. They desire a product that looks and feels like traditional high-quality eyewear but also provides the utility of smart glasses without compromising on style or a lightweight design.
  3. Multitaskers and On-the-Go Lifestyle Users: Customers in this group benefit from the hands-free capabilities of Lucyd Lyte glasses for managing communications, navigation, and entertainment while engaged in various activities. They appreciate the ability to keep their phones in their pockets and interact with their digital world through voice commands, enhancing productivity and convenience during commutes, exercise, or daily errands.

AI Analysis | Feedback

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Harrison Gross, Chief Executive Officer

Harrison Gross is a co-founder of Innovative Eyewear and has served as its Chief Executive Officer and a director since August 2019. He guides the company's product and brand development. Prior to Innovative Eyewear, from August 2017 to August 2019, Mr. Gross held various positions, including chief executive officer and media & UX lead, at Lucyd Ltd., which is the licensor of Innovative Eyewear's technology and its largest stockholder. Lucyd Ltd. is a smart eyewear development company where he developed the brand identity and oversaw operations and product development. He also served as Digital Media Manager of Tekcapital PLC, a U.K. based university intellectual property investment firm and the parent company of Lucyd Ltd.. Mr. Gross is a patented wearables inventor, an app developer, and a co-creator of the Tekcapital IP search app and the Vyrb social app. He is a graduate of Columbia University.

Oswald Gayle, Chief Financial Officer

Oswald Gayle became the sole Chief Financial Officer of Innovative Eyewear on November 1, 2025. This leadership change reflected a strategic shift in the company's focus.

Konrad Dabrowski, Chief AI and Growth Officer

Konrad Dabrowski is a co-founder of Innovative Eyewear. He served as Chief Financial Officer on a part-time basis since August 2019, before transitioning to Chief AI and Growth Officer on November 1, 2025. Since June 2017, Mr. Dabrowski has also served as the group controller and chief financial officer of Tekcapital PLC, a university intellectual property investment firm, where he co-manages the group's investment strategy and oversees financial reporting for its portfolio companies. Prior to his employment at Tekcapital, from March 2016 to June 2017, he was a Global Accounting Manager for Restaurant Brands International.

David Eric Cohen, Chief Technology Officer

David Eric Cohen is a co-founder of Innovative Eyewear and has served as its Chief Technology Officer since September 2019. Before his employment at Innovative Eyewear, from August 2017 to August 2019, Mr. Cohen served as the chief technology officer of Lucyd Ltd., a smart eyewear development company, where he led the company's technological advancements and digital ad campaigns.

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AI Analysis | Feedback

The key risks to Innovative Eyewear's business include:

  1. Market Adoption and Intense Competition in the Smart Eyewear Sector: Innovative Eyewear aims to pioneer the "Upgrade Your Eyewear®" approach, establishing smart eyewear for all-day wear as a new standard in a rapidly evolving, technology-enhanced ecosystem. This market includes traditional eyewear, electronic in-ear devices ("hearables"), and digital assistants. The success of Innovative Eyewear heavily depends on widespread consumer adoption of smart eyewear and its ability to effectively compete against a diverse range of existing and emerging technologies and established players in these adjacent markets.

  2. Reliance on Licensed Intellectual Property: Innovative Eyewear’s core business model is built upon the exclusive licensing of the Lucyd® brand and all associated intellectual property from Lucyd Ltd., a portfolio company of Tekcapital. This dependency means that any issues with the licensing agreement, the underlying intellectual property rights, or the financial stability and strategic direction of Lucyd Ltd. or Tekcapital, could significantly impact Innovative Eyewear’s operations and long-term viability.

  3. Successful Development, Adoption, and Monetization of the Vyrb Social Media Platform: Innovative Eyewear has developed Vyrb, a social media application designed to enhance the utility of its smart glasses through voice-controlled social interaction. Vyrb launched out of beta in December 2021, and critical software upgrades, including monetization, ad-buying modules, and content selling capabilities, were planned for the fourth quarter of 2022. The success of Vyrb, including its ability to attract and retain users, compete with established social media platforms, and effectively monetize its features, is crucial for enhancing the appeal of Lucyd Lyte glasses and achieving anticipated revenue streams.

AI Analysis | Feedback

The clear emerging threat to Innovative Eyewear is the potential entry and dominance of major technology companies (such as Apple, Meta, Google, or Amazon) into the smart eyewear market. These companies possess immense financial resources, established brand recognition, extensive distribution networks, and mature integrated ecosystems (e.g., iOS, Android, Siri, Google Assistant). If a major tech company were to launch smart glasses that match or surpass Lucyd Lyte's aesthetic appeal and comfort, while offering superior technological integration, advanced features (potentially including subtle augmented reality capabilities), and seamless compatibility with their existing platforms and services, it could rapidly capture market share. Such a development would directly challenge Innovative Eyewear's "Upgrade Your Eyewear®" approach and its focus on integrating hearables and digital assistants, potentially rendering Lucyd Lyte less competitive and desirable in a rapidly evolving smart wearable landscape.

AI Analysis | Feedback

Innovative Eyewear's main products, Lucyd Lyte smart glasses and the Vyrb social media application, address several large and growing markets. For Lucyd Lyte smart glasses, the global smart glasses market was estimated at USD 2,463.6 million in 2025 and is projected to reach USD 14,380.4 million by 2033, demonstrating a compound annual growth rate (CAGR) of 24.2% from 2026 to 2033. Another estimate for the global smart glasses market size was USD 2.72 billion in 2025, with an expectation to reach USD 6.73 billion by 2033. The broader global smart eyewear technology market was valued at approximately USD 13.21 billion in 2023 and is projected to reach USD 64.12 billion by 2032, growing at a CAGR of roughly 19.1% from 2024 to 2032. North America held the largest revenue share in the smart glasses industry in 2025, accounting for over 36% of the global market. The U.S. smart eyewear market is estimated to be valued at USD 42.3 million in 2025 and is anticipated to reach USD 459.8 million by 2035. For the Vyrb social media application, which integrates voice-controlled social media features and audio content, the global social media digital media market was valued at approximately USD 238,563.2 million in 2024 and is projected to grow at a CAGR of 13.1% from 2024 to 2030. The global social media market size was valued at USD 218.03 billion in 2023 and is anticipated to exceed USD 815.78 billion by 2033, growing at a CAGR of 14.09% from 2023 to 2033. Additionally, the global social networking app market size was estimated at USD 49.09 billion in 2022 and is anticipated to reach USD 310.37 billion by 2030, growing at a CAGR of 26.2%. The global audio digital media market, relevant to Vyrb's ability to host audiobooks and podcasts, was valued at US$ 107,578.8 million in 2024 and is estimated to grow at a CAGR of 12.2% from 2024 to 2030. The voice assistants market, which Vyrb leverages for its hands-free commands, is estimated to be valued at USD 7.3 billion in 2025 and is projected to reach USD 41.5 billion by 2035, with a CAGR of 19.0% over the forecast period. Furthermore, the global voice recognition market is projected to reach USD 26.8 billion by 2025.

AI Analysis | Feedback

Innovative Eyewear (LUCY) is positioned for future revenue growth over the next 2-3 years, driven by several strategic initiatives and product developments:
  1. Expanded Product Portfolio and Brand Partnerships: The company expects continued growth from its diverse product mix, including the Lucyd Armor and Reebok collections, which have shown significant traction. Innovative Eyewear also develops and manufactures smart eyewear under the Nautica and Eddie Bauer brands, further broadening its market appeal and product offerings.
  2. Broadened Distribution Channels and Market Penetration: A strengthened global fulfillment network is anticipated to support the company's efforts to secure placements in national retail and optical chains. Innovative Eyewear has already established partnerships with major retailers and B2B channels, including Reebok.com, SmartBuyGlasses, and Eye Recommend, which provides access to over 600 independent optical practices in Canada. The company is actively pursuing significant brick-and-mortar expansion with major US retailers.
  3. Software and Technological Innovation: Innovative Eyewear is enhancing its software capabilities, notably by rebuilding the Lucyd app into an applet store for smartglasses and hearables. This update introduces features such as a 17-language real-time translation tool and secure walkie-talkie functionality. Additionally, the company is developing ChatGPT-enabled smart eyewear, which is expected to offer advanced functionalities and user experiences.
  4. Growth in the Smart Safety Eyewear Market: The Lucyd Armor line of smart safety glasses has emerged as a significant revenue driver, becoming the company's fastest-selling product since its late 2024 launch. These glasses have obtained safety certifications in the United States, Canada, and the European Union, which positions them for substantial expansion within the smart safety eyewear sector.

AI Analysis | Feedback

Share Issuance

  • In 2024, Innovative Eyewear raised approximately $2.6 million through a direct offering and a private placement.
  • In April 2025, the company secured approximately $1.8 million in gross proceeds from a warrant inducement transaction.
  • In June 2025, Innovative Eyewear announced $4.8 million in gross proceeds from the exercise of warrants.

Inbound Investments

  • As of March 31, 2025, Innovative Eyewear had an agreement with a related party to borrow up to $1.25 million.

Better Bets vs. Innovative Eyewear (LUCY)

Peer Outperformance in Health Care Equipment

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Share of Health Care Equipment constituents that LUCY has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
11%
of 55 industry peers · -54.2% return
3Y
6%
of 54 industry peers · -90.8% return
5Y
—
insufficient peer history
null
Median price return by industry across the Health Care sector, ranked by 5Y. Health Care Equipment is LUCY's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 12.7%44.7%92.5% CAH 428% · MCK 366% · COR 180%
Health Care Services 20 21.2%34.0%9.6% HIMS 300% · RDNT 143% · DGX 76%
Health Care Facilities 24 -1.4%5.5%7.1% THC 320% · NHC 272% · ENSG 136%
Managed Health Care 8 25.6%-6.5%0.9% OSCR 122% · HQY 42% · ELV 13%
Health Care Equipment ← 50 -8.7%-3.6%-18.9% POCI 11200% · UFPT 356% · GKOS 281%
Pharmaceuticals 62 -10.2%-6.6%-32.5% INDV 1112% · ETON 1000% · LQDA 877%
Health Care Supplies 11 12.8%-12.6%-42.4% LNTH 322% · HAE 51% · MMSI 17%
Life Sciences Tools & Services 109 -8.8%-16.9%-63.9% SNWV 2161% · NTRA 247% · MEDP 220%
Biotechnology 364 -19.4%-25.4%-79.9% CELZ 1170% · DNTH 1128% · TRVI 995%
Health Care Technology 20 -32.8%-54.6%-80.2% SPOK 79% · HSTM 15% · VEEV -1%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

LUCYEWUFPTIARTABTISRGMedian
NameInnovati.Edwards .UFP Tech.Integra .Abbott L.Intuitiv. 
Mkt Price0.9084.24286.2213.4198.50415.4091.37
Mkt Cap0.048.62.21.0171.4147.125.4
Rev LTM36,5126321,64846,58511,0344,080
Op Inc LTM-81,83096667,3463,451963
FCF LTM-71,43461127,8243,223748
FCF 3Y Avg-78545986,7511,879457
CFO LTM-71,72072859,9053,706903
CFO 3Y Avg-71,12769998,9472,732613

Growth & Margins

LUCYEWUFPTIARTABTISRGMedian
NameInnovati.Edwards .UFP Tech.Integra .Abbott L.Intuitiv. 
Rev Chg LTM72.5%14.6%7.3%1.6%8.1%20.7%11.3%
Rev Chg 3Y Avg96.1%13.1%18.8%2.2%5.1%18.4%15.7%
Rev Chg Q74.5%13.6%15.1%0.8%13.0%18.5%14.4%
QoQ Delta Rev Chg LTM14.5%3.3%3.7%0.2%3.2%4.3%3.5%
Op Inc Chg LTM-6.1%15.2%-1.3%514.3%-2.2%31.0%6.9%
Op Inc Chg 3Y Avg-13.3%7.8%20.4%122.0%6.5%28.8%14.1%
Op Mgn LTM-249.0%28.1%15.2%4.0%15.8%31.3%15.5%
Op Mgn 3Y Avg-394.1%28.0%15.7%2.9%16.4%28.6%16.0%
QoQ Delta Op Mgn LTM51.7%0.5%-0.0%1.2%-1.3%0.8%0.6%
CFO/Rev LTM-211.1%26.4%11.3%5.2%21.3%33.6%16.3%
CFO/Rev 3Y Avg-333.7%19.0%12.7%6.2%20.5%28.8%15.9%
FCF/Rev LTM-219.8%22.0%9.7%0.7%16.8%29.2%13.3%
FCF/Rev 3Y Avg-344.7%14.3%10.8%0.5%15.5%18.9%12.5%

Valuation

LUCYEWUFPTIARTABTISRGMedian
NameInnovati.Edwards .UFP Tech.Integra .Abbott L.Intuitiv. 
Mkt Cap0.048.62.21.0171.4147.125.4
P/S1.77.53.50.63.713.33.6
P/Op Inc-0.726.523.015.823.342.623.2
P/EBIT-0.732.723.011.320.742.621.8
P/E-0.748.330.6-143.131.646.931.1
P/CFO-0.828.230.912.117.339.722.8
Total Yield-131.9%2.0%3.2%-0.7%5.6%2.1%2.1%
Dividend Yield0.0%0.0%0.0%0.0%2.5%0.0%0.0%
FCF Yield 3Y Avg-109.3%1.8%3.0%-0.5%3.4%1.2%1.5%
D/E0.00.00.12.00.20.00.0
Net D/E-0.7-0.10.11.70.2-0.00.0

Returns

LUCYEWUFPTIARTABTISRGMedian
NameInnovati.Edwards .UFP Tech.Integra .Abbott L.Intuitiv. 
1M Rtn-3.2%-6.3%-0.9%-19.8%-9.1%13.3%-4.8%
3M Rtn-15.9%-10.0%13.8%-22.5%4.2%0.1%-5.0%
6M Rtn-18.9%3.1%42.8%39.4%-3.6%-10.1%-0.3%
12M Rtn-54.8%9.8%45.3%-7.1%-24.2%-5.8%-6.4%
3Y Rtn-90.9%14.3%70.5%-64.9%8.2%40.5%11.3%
1M Excs Rtn2.1%-4.5%0.1%-19.3%-8.3%17.0%-2.2%
3M Excs Rtn-19.3%-11.1%11.3%-30.6%1.7%-2.5%-6.8%
6M Excs Rtn-33.7%-11.7%28.1%23.9%-18.6%-25.2%-15.1%
12M Excs Rtn-70.5%-5.4%26.4%-23.8%-40.4%-23.4%-23.6%
3Y Excs Rtn-172.5%-58.7%-1.2%-149.2%-72.2%-41.3%-65.4%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Sales of smartglasses, and related accessories and apps32111
Total32111


Price Behavior

Price Behavior
Market Price$0.91 
Market Cap ($ Bil)0.0 
First Trading Date08/15/2022 
Distance from 52W High-54.6% 
   50 Days200 Days
DMA Price$0.85$1.03
DMA Trenddownup
Distance from DMA7.6%-11.1%
 3M1YR
Volatility151.7%126.5%
Downside Capture11.65249.63
Upside Capture-71.79115.33
Correlation (SPY)4.8%20.2%
LUCY Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.59-0.572.421.301.971.21
Up Beta-1.351.734.042.231.881.95
Down Beta1.173.043.081.372.57-0.05
Up Capture57%-34%195%50%135%13%
Bmk +ve Days6162766132424
Stock +ve Days1122295499311
Down Capture116%-389%108%136%164%110%
Bmk -ve Days16263760120328
Stock -ve Days11203462133412

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LUCY
LUCY-54.5%126.2%-0.14-
Sector ETF (XLV)18.7%15.7%0.8912.6%
Equity (SPY)16.8%13.0%0.9220.2%
Gold (GLD)3.2%29.5%0.117.1%
Commodities (DBC)44.6%20.9%1.66-9.9%
Real Estate (VNQ)1.6%13.7%-0.136.0%
Bitcoin (BTCUSD)-31.7%44.2%-0.7318.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LUCY
LUCY-61.8%281.5%0.25-
Sector ETF (XLV)7.2%15.2%0.28-0.1%
Equity (SPY)13.8%17.1%0.625.7%
Gold (GLD)18.4%18.9%0.792.0%
Commodities (DBC)10.3%19.6%0.403.0%
Real Estate (VNQ)0.8%18.8%-0.073.6%
Bitcoin (BTCUSD)15.5%52.2%0.463.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LUCY
LUCY-38.2%281.5%0.25-
Sector ETF (XLV)10.6%16.7%0.52-0.1%
Equity (SPY)15.5%17.9%0.735.7%
Gold (GLD)11.5%16.4%0.572.0%
Commodities (DBC)8.4%18.1%0.383.0%
Real Estate (VNQ)4.2%20.7%0.163.6%
Bitcoin (BTCUSD)64.0%66.2%1.043.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 8312026-73.0%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity6.4 Mil
Short % of Basic Shares2.5%

Earnings Returns History

Updated 7/9/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/7/2026-0.6%-9.2%-33.3%
SUMMARY STATS   
# Positive000
# Negative111
Median Positive   
Median Negative-0.6%-9.2%-33.3%
Max Positive   
Max Negative-0.6%-9.2%-33.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/7/2026-0.6%-9.2%-33.3%
SUMMARY STATS   
# Positive000
# Negative111
Median Positive   
Median Negative-0.6%-9.2%-33.3%
Max Positive   
Max Negative-0.6%-9.2%-33.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/14/202610-Q
12/31/202503/25/202610-K
09/30/202511/13/202510-Q
06/30/202508/14/202510-Q
03/31/202505/13/202510-Q
12/31/202403/24/202510-K
09/30/202411/12/202410-Q
06/30/202408/12/202410-Q
03/31/202405/14/202410-Q
12/31/202303/25/202410-K
09/30/202311/14/202310-Q
06/30/202308/11/202310-Q
03/31/202305/12/202310-Q
12/31/202203/24/202310-K
09/30/202211/10/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/14/202610-Q
12/31/202503/25/202610-K
09/30/202511/13/202510-Q
06/30/202508/14/202510-Q
03/31/202505/13/202510-Q
12/31/202403/24/202510-K
09/30/202411/12/202410-Q
06/30/202408/12/202410-Q
03/31/202405/14/202410-Q
12/31/202303/25/202410-K
09/30/202311/14/202310-Q
06/30/202308/11/202310-Q
03/31/202305/12/202310-Q
12/31/202203/24/202310-K
09/30/202211/10/202210-Q
06/30/202209/26/202210-Q
03/31/202208/16/2022424B4
09/30/202101/26/2022S-1/A

Insider Activity

Updated 8/24/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Gayle, OswaldChief Financial OfficerDirectSell82420260.677,9595,36813,354Form
2Dabrowski, KonradChief AI & Growth OfficerDirectSell82420260.696,9354,79328,319Form
3Abondano, JoaquinChief Operating OfficerDirectSell82420260.685,0203,39616,921Form
4Gross, Harrison RChief Executive OfficerDirectSell82420260.7013,9749,74124,534Form
5Cohen, David EricChief Technology OfficerDirectSell82420260.686,1364,17418,598Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Gayle, OswaldChief Financial OfficerDirectSell82420260.677,9595,36813,354Form
2Dabrowski, KonradChief AI & Growth OfficerDirectSell82420260.696,9354,79328,319Form
3Abondano, JoaquinChief Operating OfficerDirectSell82420260.685,0203,39616,921Form
4Gross, Harrison RChief Executive OfficerDirectSell82420260.7013,9749,74124,534Form
5Cohen, David EricChief Technology OfficerDirectSell82420260.686,1364,17418,598Form
6Cohen, David EricChief Technology OfficerDirectSell82420261.171,8602,17617,875Form
7Cohen, David EricChief Technology OfficerDirectSell82420261.111,8602,06719,042Form
8Gayle, OswaldChief Financial OfficerDirectSell82420261.077,5748,12312,359Form
9Dabrowski, KonradChief AI & Growth OfficerDirectSell82420261.066,6927,08128,581Form
10Abondano, JoaquinChief Operating OfficerDirectSell82420261.054,7795,01815,995Form
11Gross, Harrison RChief Executive OfficerDirectSell82420261.0713,76414,67026,186Form
12Cohen, David EricChief Technology OfficerDirectSell82420261.045,9136,17119,826Form
13Gross, Harrison RChief Executive OfficerDirectBuy12220261.321,5001,98018,128Form
14Gross, Harrison RChief Executive OfficerDirectBuy11220261.601,5002,40019,573Form
15Dabrowski, KonradChief AI & Growth OfficerDirectBuy11220261.581,3002,05420,230Form
16Galkin, Vladimir DirectBuy10220260.971,2621,224628,080Form
17Galkin, Vladimir DirectBuy10220260.9989,83088,932642,279Form
18Galkin, Vladimir DirectBuy10220261.0811,30312,207797,685Form
19Galkin, Vladimir DirectBuy10220261.1046,10750,718824,890Form
20Galkin, Vladimir DirectBuy122620251.2290,709110,665971,129Form
21Galkin, Vladimir DirectBuy122620251.319281,2161,161,598Form
22Galkin, Vladimir DirectBuy122620251.3332,95843,8341,180,567Form
23Galkin, Vladimir DirectBuy122620251.353674951,242,813Form
24Galkin, Vladimir DirectBuy122620251.374,8356,6241,261,728Form
25Galkin, Vladimir DirectBuy121920251.387,60010,4881,277,610Form
26Galkin, Vladimir DirectBuy121920251.385,3667,4051,288,098Form
27Galkin, Vladimir DirectBuy121220251.588,42313,3081,483,257Form
28Galkin, Vladimir DirectBuy121220251.4950,30074,9471,411,318Form
29Galkin, Vladimir DirectBuy120520251.502,5073,7601,496,240Form
Core Cache Last Updated: 10/7/2026