RCS - Tekcapital plc - Porfolio Company Update - Innovative Eyewear Inc

TekcapitalAnnouncement

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RNS Number : 8956N  Tekcapital plc  07 January 2026

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   7 January 2026

Tekcapital Plc

("Tekcapital", the "Company" or the "Group")

Innovative Eyewear, Inc. announces Record-Breaking 65% Annual Sales Growth in
2025

& Insider Buying Intent

 

Tekcapital Plc (AIM: TEK), the UK intellectual property investment group notes
that Innovative Eyewear, Inc. ("Innovative Eyewear") (NASDAQ: LUCY; LUCYW),
the manufacturer of smart eyewear under the Lucyd(®), Lucyd Armor(TM),
Reebok(®), Eddie Bauer(®) and Nautica(®) brands, is pleased to announce its
preliminary unaudited sales results for the fourth quarter and full year ended
December 31, 2025.

Innovative Eyewear achieved Q4 2025 sales of approximately $1m, representing
an increase of approximately 45% compared with Q4 2024 revenue. Preliminary
full-year 2025 sales are estimated to be $2.7 million, a substantial increase
of approximately 65% year-over-year from $1.6 million in 2024.

Innovative Eyewear's management believes that its operational progress and
considerable traction with its smart eyewear brand portfolio, particularly
Lucyd Armor smart safety and Reebok sport collections, is not fully reflected
in the current market price of its common stock.

A recent analysis of Amazon.com market trends indicates that Innovative
Eyewear holds approximately 44% market share of smart safety glasses on its
platform, and to Innovative Eyewear's knowledge is the only smart safety glass
on the platform with full safety certification in the US and Canada.
Innovative Eyewear management believes it has now built the diverse product
mix and distribution channels necessary to maximize its penetration in the
rapidly growing smart eyewear market and secure a long-term position as the
industry value leader.

Harrison Gross (CEO), Oswald Gayle (CFO), Joaquin Abondano (COO), Eric Cohen
(CTO), and Konrad Dabrowski (Chief AI and Growth Officer) intend to purchase
shares of Innovative Eyewear in the open market. The planned purchases reflect
management's strong confidence in the Company's strategic direction, long-term
growth prospects, and current market valuation. The specific timing and amount
of the purchases will depend on market conditions and other factors, and the
transactions will be conducted in compliance with all applicable securities
laws and the Company's insider trading policy.

All purchases by the Innovative Eyewear management team will be publicly
disclosed through required SEC filings, specifically Form 4, within the strict
timelines mandated by law. Innovative Eyewear emphasize that this announcement
is a statement of intent and not a solicitation for the purchase or sale of
securities.

Harrison Gross, CEO of Innovative Eyewear, said:

"Whilst these results remain subject to audit, we are pleased with the
preliminary sales growth achieved in both the fourth quarter and full year
2025 compared to 2024. We believe this performance reflects growing awareness
of our brand portfolio and increasing demand for eyewear that integrates smart
features alongside vision correction and protection, and the ability to easily
use our eyewear with a number of leading AI platforms. Our 2025 efforts to
build a robust global fulfilment network have helped to position the Company
for faster scale up across hardware stores, retail, and optical chains
worldwide. We are optimistic about our prospects for significant placements
with national, well recognized chains during 2026."

About Innovative Eyewear, Inc.

Innovative Eyewear is a developer & manufacturer of cutting-edge ChatGPT
enabled smart eyewear, under the Lucyd®, Nautica®, Eddie Bauer® and
Reebok® brands. True to our mission to Upgrade Your Eyewear®, our Bluetooth
audio glasses allow users to stay safely and ergonomically connected to their
digital lives and are offered in hundreds of frame and lens combinations to
meet the needs of the optical, sunglass, sporting goods and safety eyewear
markets. To learn more and explore our continuously evolving collection of
smart eyewear, please visit www.lucyd.co (http://www.lucyd.co) .

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed
discoveries that can enhance people's lives. Tekcapital is quoted on the AIM
market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in
the UK. For more information, please visit www.tekcapital.com.
(http://www.tekcapital.com.)

LEI: 213800GOJTOV19FIFZ85

Tekcapital currently owns 259,455 shares, representing 4.73% of the issued
share capital, of Innovative Eyewear, Inc. (NASDAQ: LUCY).

For further information, please contact:

 

 Tekcapital Plc                                                                                          Via Flagstaff
 Clifford M. Gross, Ph.D.

 SP Angel Corporate Finance LLP                                                                          +44 (0) 20 3470 0470

 (Nominated Adviser and Broker)
 Richard Morrison/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees
 (Corporate Broking)

 Flagstaff Strategic and Investor Communications                                                         +44 (0) 20 7129 1474
 Tim Thompson/Andrea Seymour/Fergus Mellon

 

Forward-Looking Statements

This press release contains certain forward-looking statements, including
those relating to preliminary sales, the market for smartglasses and potential
management stock purchases. Forward-looking statements are based on the
Company's current expectations and assumptions. The Private Securities
Litigation Reform Act of 1995 provides a safe-harbor for forward-looking
statements. These statements may be identified by the use of forward-looking
expressions, including, but not limited to, "anticipate," "believe,"
"continue," "estimate," "expect," "future," "intend," "may," "outlook,"
"plan," "potential," "predict," "project," "should," "will," "would" and
similar expressions that predict or indicate future events or trends or that
are not statements of historical matters, but the absence of these words does
not mean that a statement is not forward-looking. The Company undertakes no
obligation to publicly update any forward-looking statement, whether as a
result of new information, future events or otherwise. Important factors that
could cause actual results to differ materially from those in the
forward-looking statements are set forth in the Company's filings with the
Securities and Exchange Commission, including its annual report on Form 10-K
under the caption "Risk Factors."

 

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