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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024财年三季报
美股SEC公告 ·  2024/11/13 05:37

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Innovative Eyewear reported Q3 2024 revenue of $253,599, up 14% YoY, with gross profit of $59,344 and gross margin of 23%. E-commerce sales through Lucyd.co grew 46%, while wholesale revenue declined 11%. The company's net loss widened to $1.72 million from $1.55 million in Q3 2023.General and administrative expenses rose 23% to $1.12 million, primarily due to increased legal costs. Sales and marketing expenses remained flat at $533,066, while R&D costs decreased 32% to $131,369. The company ended the quarter with $4.54 million in cash and cash equivalents.Innovative Eyewear raised approximately $10.4 million through equity offerings in Q3. The company launched new product lines including Nautica and Eddie Bauer co-branded smart eyewear, and plans to introduce Lucyd Armor safety glasses in Q4 2024 and Reebok smart glasses in Q1 2025. Management expects gross margins to improve with these new lower-cost product launches.
Innovative Eyewear reported Q3 2024 revenue of $253,599, up 14% YoY, with gross profit of $59,344 and gross margin of 23%. E-commerce sales through Lucyd.co grew 46%, while wholesale revenue declined 11%. The company's net loss widened to $1.72 million from $1.55 million in Q3 2023.General and administrative expenses rose 23% to $1.12 million, primarily due to increased legal costs. Sales and marketing expenses remained flat at $533,066, while R&D costs decreased 32% to $131,369. The company ended the quarter with $4.54 million in cash and cash equivalents.Innovative Eyewear raised approximately $10.4 million through equity offerings in Q3. The company launched new product lines including Nautica and Eddie Bauer co-branded smart eyewear, and plans to introduce Lucyd Armor safety glasses in Q4 2024 and Reebok smart glasses in Q1 2025. Management expects gross margins to improve with these new lower-cost product launches.
创新眼镜公司报告了2024年第三季度的营业收入为253,599美元,同比增长14%,毛利润为59,344美元,毛利率为23%。通过Lucyd.co的电子商务销售增长了46%,而批发营业收入下降了11%。公司的净亏损从2023年第三季度的155万美元扩大到172万美元。一般和行政费用上升23%,达112万美元,主要由于法律费用增加。销售和营销费用持平,维持在533,066美元,而研发费用下降32%,降至131,369美元。公司季度末的现金及现金等价物为454万美元。创新眼镜公司在第三季度通过股权发行筹集了约1,040万美元。公司推出了包括Nautica和Eddie Bauer联合品牌智能眼镜的新产品系列,并计划在2024年第四季度推出Lucyd Armor安全眼镜,并在2025年第一季度推出Reebok智能眼镜。管理层预计这些新低成本产品的推出将改善毛利率。
创新眼镜公司报告了2024年第三季度的营业收入为253,599美元,同比增长14%,毛利润为59,344美元,毛利率为23%。通过Lucyd.co的电子商务销售增长了46%,而批发营业收入下降了11%。公司的净亏损从2023年第三季度的155万美元扩大到172万美元。一般和行政费用上升23%,达112万美元,主要由于法律费用增加。销售和营销费用持平,维持在533,066美元,而研发费用下降32%,降至131,369美元。公司季度末的现金及现金等价物为454万美元。创新眼镜公司在第三季度通过股权发行筹集了约1,040万美元。公司推出了包括Nautica和Eddie Bauer联合品牌智能眼镜的新产品系列,并计划在2024年第四季度推出Lucyd Armor安全眼镜,并在2025年第一季度推出Reebok智能眼镜。管理层预计这些新低成本产品的推出将改善毛利率。
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