Innovative Eyewear Preliminary Q2 2026 Net Sales

Tekcapital Plc (AIM: TEK), the UK intellectual property investment group notes that its portfolio company Innovative Eyewear, Inc. ("Innovative Eyewear") (NASDAQ: LUCY; LUCYW), the manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Eddie Bauer® and Nautica® brands, has announced its unaudited top-line financial results for Q2 2026.

First-half 2026 net sales jumped approximately 71% year-over-year to $1.77 million, Innovative Eyewear's twelfth consecutive quarter of year-over-year revenue growth, with Q2 sales increasing 71% year over year to $0.99 million. During the quarter, Innovative Eyewear secured an initial purchase order from a leading Canadian optical retail group operating 345 locations and was awarded a 50-store test with one of the world's largest retailers.

Preliminary Second Quarter 2026 Net Sales

• Preliminary Q2 2026 net sales of approximately $1 million, an increase of approximately 71% over Q2 2025.
• Preliminary first-half 2026 net sales of approximately $1.77 million, an increase of approximately 71% over the first half of 2025.
• Twelfth consecutive quarter of year-over-year revenue growth.
• Growth continues to be led by the Lucyd Armor® smart safety eyewear line, with sustained demand across Innovative Eyewear's direct-to-consumer, online marketplace, and wholesale channels.

Expanding Retail Footprint

Innovative Eyewear is accelerating its wholesale and brick-and-mortar retail strategy, which it expects to be a meaningful driver of revenue in the second half of 2026 and beyond:

• Canada: Innovative Eyewear has received an initial purchase order from a leading Canadian optical retail group that operates 345 locations, which it expects will help establish its smart eyewear, led by Lucyd Armor®, as a featured offering across the group's stores. Product deployment is expected to begin in the third quarter of 2026.
• United States: Innovative Eyewear has been awarded a 50-store test with a major U.S. retailer, which is expected to commence in September 2026.
• Innovative Eyewear intends to share additional details regarding these relationships as they progress.

Update Webinar

Innovative Eyewear is conducting a webinar on corporate progress this week, to be held virtually on Wednesday, July 8th at 12:00pm ET. To register to attend the webinar, which will be held over Zoom, please sign up here.

Management Commentary

"Our preliminary second-quarter results reflect broad-based momentum across our smart eyewear portfolio," said Harrison Gross, CEO of Innovative Eyewear. "What excites me most is how quickly our team is opening the wholesale channel. With an initial order in hand from a leading Canadian optical retailer operating 345 locations, and a 50-store test secured with a major U.S. big-box retailer, we believe we are building the foundation for a transformative expansion of our retail presence and our revenue in future periods. Lucyd products bring a clear competitive edge over other smart eyewear, thanks to our breadth of styles, ANSI certification, premium build quality and affordable price points. Retailers recognize the value in our portfolio, and these two new wholesale partners are just the beginning. I expect Lucyd products to be on many new store shelves in the next year."

Unveiling the upcoming Lucyd Aero™ smart eyewear collection, anticipated to launch in October 2026. Lucyd Aero will be Innovative Eyewear's lightest smart eyewear to-date, weighing less than 1oz, and offering the natural look and feel of traditional eyewear. Image courtesy Innovative Eyewear, Inc.

Innovative Eyewear's preliminary second quarter 2026 results are unaudited and remain subject to completion of its quarter-end close and review by its auditors. Actual results may differ. Innovative Eyewear plans to release its full financial results for the second quarter in mid-August 2026.

About Innovative Eyewear Inc.

Tekcapital currently owns 259,455 shares of Innovative Eyewear, Inc. (NASDAQ: LUCY).

Clifford M. Gross, Ph.D.

Matthew Johnson/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)

Tim Thompson/Andrea Seymour/Fergus Mellon