7th Oct 2026 09:18
Tekcapital PLC - London-based intellectual property investor - Says Innovative Eyewear Inc, the developer and manufacturer of smart eyewear and part of Tekcapital's portfolio, reported net sales of USD1.04 million for the third quarter ended September 30, up 55% from a year earlier. For the first nine months, net sales were USD2.8 million, up 66% from a year earlier, exceeding net sales for financial 2025 of USD2.7 million. Chief Executive Officer of Innovative Eyewear Harrison Gross says: "We delivered the highest quarterly net sales in our history while intentionally running promotional pricing on older models and conserving advertising and marketing spend. That approach clears the way for the planned fourth quarter launch of Lucyd Aero, our lightest and most advanced smartglasses to date, as we head into what has historically been our strongest quarter of the year." The company's wholesale and international expansion is expected to meaningfully affect sales in the fourth quarter and into 2027.
Current Tekcapital stock price: up 3.7% at 2.80 pence on Wednesday morning in London
12-month change: down 75%
By Camilla Borri, Alliance News reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
TekCapital