INNOVATIVE EYEWEAR, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $2.7M | $1.6M | $1.2M | $659.8K | $690.7K |
| Cost of Revenue | $2.1M | $1.4M | $1.3M | $716.1K | $542.4K |
| Gross Profit | $567.5K | $215.2K | $-119.3K | $-56.3K | $148.3K |
| Gross Margin | 21.3% | 13.1% | -10.4% | -8.5% | 21.5% |
| Operating Expenses | |||||
| Research & Development | $725.4K | $819.4K | $662.2K | $524.7K | $86.3K |
| SG&A Expense | $5.2M | $4.5M | $3.9M | $2.8M | $1.4M |
| Operating Income | — | — | — | — | — |
| Operating Margin | — | — | — | — | — |
| Interest Expense | — | — | $3.0K | $105.2K | $39.4K |
| Pretax Income | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — |
| Net Income | $-7.6M | $-7.8M | $-6.7M | $-5.7M | $-3.2M |
| Net Margin | -285.2% | -474.6% | -578.2% | -861.2% | -469.8% |
| EPS (Basic) | $-1.90 | $-1.73 | $-1.81 | $-0.15 | — |
| EPS (Diluted) | $-1.90 | $-1.73 | $-1.81 | $-0.15 | — |
| Shares Outstanding (Basic) | 4.0M | 4.5M | 3.7M | — | 36.4M |
| Shares Outstanding (Diluted) | 4.0M | 4.5M | 3.7M | 39.2M | 36.4M |
| Dividends Per Share | — | — | — | — | — |