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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

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

Moomoo AI 已提取核心訊息

Innovative Eyewear reported Q3 2024 revenues of $253,599, up 14% YoY, driven by strategic pricing adjustments and new product launches. The company's e-commerce sales through Lucyd.co grew 46%, though gross margin declined to 23% from 36% YoY due to higher costs. Operating expenses increased 9% to $1.82 million, primarily due to increased legal costs.The company strengthened its financial position through multiple equity offerings during Q3, raising approximately $10.4 million in net proceeds. These funds came from at-the-market offerings, registered direct offerings, and warrant exercises. The company held $4.54 million in cash and $4.90 million in U.S. Treasury bills as of September 30, 2024.Looking ahead, Innovative Eyewear plans to launch new product lines including Lucyd Armor in Q4 2024 and Reebok Powered by Lucyd in Q1 2025. Management expects gross margins to improve with these launches, as the new products are estimated to have 30% lower unit costs than current models. The company is also shifting focus from small independent retailers to major national retailers to drive future growth.
Innovative Eyewear reported Q3 2024 revenues of $253,599, up 14% YoY, driven by strategic pricing adjustments and new product launches. The company's e-commerce sales through Lucyd.co grew 46%, though gross margin declined to 23% from 36% YoY due to higher costs. Operating expenses increased 9% to $1.82 million, primarily due to increased legal costs.The company strengthened its financial position through multiple equity offerings during Q3, raising approximately $10.4 million in net proceeds. These funds came from at-the-market offerings, registered direct offerings, and warrant exercises. The company held $4.54 million in cash and $4.90 million in U.S. Treasury bills as of September 30, 2024.Looking ahead, Innovative Eyewear plans to launch new product lines including Lucyd Armor in Q4 2024 and Reebok Powered by Lucyd in Q1 2025. Management expects gross margins to improve with these launches, as the new products are estimated to have 30% lower unit costs than current models. The company is also shifting focus from small independent retailers to major national retailers to drive future growth.
Innovative Eyewear報告2024年第三季度收入爲$253,599，同比增長14%，主要得益於戰略定價調整和新產品發佈。該公司的電子商務銷售通過Lucyd.co增長了46%，儘管毛利率從去年的36%下降至23%，這主要是由於成本上升。營業費用增加了9%，達到182萬，主要是由於法律費用增加。該公司通過多次股權發行增強了其財務狀況，在第三季度籌集了大約1040萬的淨收益。這些資金來自於市場發行、註冊直接發行和認股權證行使。截至2024年9月30日，該公司持有454萬現金和490萬美國國債。展望未來，Innovative Eyewear計劃在2024年第四季度推出包括Lucyd Ar...展開全部
Innovative Eyewear報告2024年第三季度收入爲$253,599，同比增長14%，主要得益於戰略定價調整和新產品發佈。該公司的電子商務銷售通過Lucyd.co增長了46%，儘管毛利率從去年的36%下降至23%，這主要是由於成本上升。營業費用增加了9%，達到182萬，主要是由於法律費用增加。該公司通過多次股權發行增強了其財務狀況，在第三季度籌集了大約1040萬的淨收益。這些資金來自於市場發行、註冊直接發行和認股權證行使。截至2024年9月30日，該公司持有454萬現金和490萬美國國債。展望未來，Innovative Eyewear計劃在2024年第四季度推出包括Lucyd Armor的新產品系列，以及在2025年第一季度推出Reebok Powered by Lucyd。管理層預計隨着這些新產品的發佈，毛利率將會改善，因爲預計新產品的單位成本比現有型號低30%。該公司還轉變重心，從小型獨立零售商轉向大型國家零售商，以推動未來增長。

該公告為獨立文件：

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獨立文件2  查看翻譯

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