Q4 2025 Innovative Eyewear Inc Earnings Call

March 31, 2026

Operator: Good morning, and welcome to the Innovative Eyewear, Inc. fiscal year 2025 earnings conference call for the period ended December 31, 2025. Your hosts this morning are Chief Executive Officer Harrison Gross, and Chief Financial Officer Oswald Gayle. At the request of the company, today's call is being recorded. You may access the telephone conference replay of this call approximately three hours after the conference call end time by dialing 1-844-512-2921 or 1-412-317-6671, referencing access ID 1117463. The replay is accessible until Tuesday, April 14, 2026, at 11:59 PM Eastern Time.

Speaker #2: At the request of the company, today's call is being recorded. You may access the telephone conference replay of this call approximately three hours after the conference call end time.

Speaker #2: By dialing 1-844-512-2921 or 1-412-317-6671, referencing Access ID 1117463, the replay is accessible until Tuesday, April 14, 2026, at 11:59 p.m. Eastern Time. I would like to inform all parties that your lines will be placed in a listen-only mode until the question-and-answer segment of this call begins.

Operator: I would like to inform all parties that your lines will be placed in a listen-only mode until the question and answer segment of this call begins. You will receive instructions from the operator to ask a question in that segment. At this point, I would like to turn the call over to Scott Powell, President of Skyline Corporate Communications Group. Please go ahead.

Speaker #2: You will receive instructions from the operator to ask a question in that segment. At this point, I would like to turn the call over to Scott Powell, President of Skyline Corporate Communications Group.

Speaker #2: Please go ahead. Thank you, Operator. And thank you, everyone, for joining us on today's call. Before we begin, I'd like to read you our forward-looking statements provision.

Scott Powell: Thank you, operator, and thank you everyone for joining us on today's call. Before we begin, I'd like to read you our forward-looking statements provision. During today's conference call, company representatives may make forward-looking statements. Any statements made in this presentation about future operating results or other future events are forward-looking statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Please know that actual results achieved by the company may differ materially from such forward-looking statements. A discussion of factors that could cause such differences appears in the Risk Factors section of the company's 10-K. Now, Innovative Eyewear, Inc.'s Chief Executive Officer, Harrison Gross, will present an analysis of the company's performance for the full fiscal year of 2025, and then provide some general comments on outlook for the next fiscal year. Harrison, please go ahead.

Speaker #2: During today's conference call, company representatives may make forward-looking statements. Any statements made in this presentation about future operating results or other future events are forward-looking statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.

Speaker #2: Please note that actual results achieved by the company may differ materially from such forward-looking statements. A discussion of factors that could cause such differences appears in the risk factors section of the company's 10-K.

Speaker #2: And now, Innovative Eyewear Incorporated's Chief Executive Officer, Harrison Gross, will present an analysis of the company's performance for the full fiscal year 2025, and then provide some general comments on the outlook for the next fiscal year.

Speaker #2: Harrison? Please go ahead.

Speaker #3: Thank you, Scott. I'm pleased with our performance in the fiscal year 2025. Despite the uncertain economic environment and tariff conditions, we achieved a 63% increase in revenues and improved gross margins over the prior year period.

Harrison Gross: Thank you, Scott. I'm pleased with our performance in the fiscal year of 2025. Despite the uncertain economic environment and tariff conditions, we achieved a 63% increase in revenues and improved gross margins over the prior year period. The revenue increase compared to last year was due to sales volume increases, which were driven by the Lucyd Armor product line, which was first launched in October 2024 and has rapidly emerged as our first highly successful SKU. We sold over 12,000 units of Lucyd Armor safety smart glasses in the current year, which represented approximately half of the total smart glass units sold for the year.

Speaker #3: The revenue increase compared to last year was due to sales volume increases, which were driven by the Lucid Armor product line, which was first launched in October 2024 and has rapidly emerged as our first highly successful SKU.

Speaker #3: We sold over 12,000 units of Lucid Armor safety smart glasses in the current year, which represented approximately half of the total smart glass units sold for the year.

Speaker #3: The strong demand for the unique Lucid Armor product line, which is the only currently safety-certified smart glass available in the US for all-day wear, has led us to develop four alternative variants for this product line to address a wider range of safety glass users.

Harrison Gross: The strong demand for the unique Lucyd Armor product line, the only currently safety-certified smart glasses available in the US for all-day wear, has led us to develop four alternative variants for this product line to address a wider range of safety glass users. Another standout highlight of fiscal year 2025 was the notable improvement in gross margins. Gross profit margin was 21% at the end of 2025, compared to 13% in the prior year, representing an increase of approximately eight percentage points from the prior year period. The improvement in gross profit margin was primarily attributable to lower product sourcing costs for both frames and prescription lenses as the company continues to scale and develop its business. Our management team is proud of the milestones that we've achieved throughout the fiscal year.

Speaker #3: Another standout highlight of fiscal year 2025 was the notable improvement in gross margins. Gross profit margin was 21% at the end of 2025, compared to 13% in the prior year, representing an increase of approximately 8 percentage points from the prior year period.

Speaker #3: The improvement in gross profit margin was primarily attributable to lower product sourcing costs for both frames and prescription lenses, as the company continues to scale and develop its business.

Speaker #3: Our management team is proud of the milestones that we've achieved throughout the fiscal year. I'd like to take some time to review many of these achievements, which I am confident will provide competitive advantages and continued market share penetration over the next several years.

Harrison Gross: I'd like to take some time to review many of these achievements, which I am confident will provide competitive advantages and continued market share penetration over the next several years. At the beginning of the year, we introduced Reebok Powered by Lucyd smart sunglasses. This is our first line catering directly to active lifestyles and sport users. We introduced four new types of Lucyd Armor to expand the product into a full collection, and we introduced the Moonbeam style of Lucyd Lyte, which sold out very quickly, indicating that we still have our finger on the pulse of trending designs in eyewear. We also launched a secure hands-free walkie-talkie functionality for all of our eyewear, accessible through the Lucyd app, and can be accessed with the phone locked in your pocket using Siri commands.

Speaker #3: At the beginning of the year, we introduced Reebok powered by Lucid smart sunglasses. This is our first line catering directly to active lifestyles and sport users.

Speaker #3: We introduced four new types of Lucid Armor to expand the product into a full collection. And we introduced the Moonbeam style of Lucid Light, which sold out very quickly, indicating that we still have our finger on the pulse of trending designs in eyewear.

Speaker #3: We also launched a secure, hands-free walkie-talkie functionality for all of our eyewear, accessible through the Lucid app, and it can be accessed with the phone locked in your pocket using Siri commands.

Harrison Gross: This allows teams to communicate fluidly through private encrypted channels and public channels, similar to traditional walkies. This feature is ideal for industrial and corporate environments and has really bolstered the expansion of the Lucyd Armor product line and the B2B efforts surrounding that product. We entered into several partnership agreements during the year, which we expect will further enhance financial performance. We entered into a partnership with Smartech Retail Group to showcase our eyewear at Smartech's tm:rw in Times Square. We also entered into a partnership with the Eye Recommend Buying Group, which is a coalition of approximately 600 independent optical stores in Canada, and we're working with Eye Recommend to introduce them to smart eyewear. We also expanded our presence with Kits.com, which is the largest e-tailer of glasses in Canada.

Speaker #3: This allows teams to communicate fluidly through private, encrypted channels and public channels, similar to traditional walkies. And they're ideal. This feature is ideal for industrial and corporate environments.

Speaker #3: And it's really bolstered the expansion of the Lucid Armor product line and the B2B efforts surrounding that product. We entered into several partnership agreements.

Speaker #3: During the year, which we expect will further enhance financial performance, we entered into a partnership with SmartTech Retail Group to showcase our eyewear at SmartTech's Tomorrow flagship department store in Times Square.

Speaker #3: We also entered into a partnership with the I Recommend Buying Group, which is a coalition of approximately 600 independent optical stores in Canada. And we're working with I Recommend to introduce them to smart eyewear.

Speaker #3: We also expanded our presence with Kits.com, which is the largest e-tailer of glasses in Canada. And we partnered with SmartBuyGlasses, one of the world's largest independent eyewear retailers, to offer our Reebok frames through their websites.

Harrison Gross: We partnered with SmartBuyGlasses, one of the world's largest independent eyewear retailers, to offer our Reebok frames through their websites. Moreover, as we work on further developing our technology offerings, we launched a new translate feature that offers 17 languages of real-time translation through the Lucyd app, and greatly improves the functionality of all of our eyewear. Translation is often cited as a killer app for smart glasses and an essential utility, for any successful smart glasses product going forward. Also, the Lucyd app was rebuilt as an app store. This is laying a foundation for the future where other companies and third-party developers will be able to create custom apps and automations for Lucyd eyewear and add them to our app store.

Speaker #3: Moreover, as we work on further developing our technology offerings, we launched a new translate feature that offers 17 languages of real-time translation through the Lucid app.

Speaker #3: And greatly improves the functionality of all of our eyewear. Translation is often cited as a killer app for smart glasses, and an essential utility for any successful smart glass product going forward.

Speaker #3: Also, the Lucid app was rebuilt as an applet store. This is laying a foundation for the future where other companies and third-party developers will be able to create custom apps and automations for Lucid Eyewear and add them to our applet store.

Harrison Gross: This provides enormous user flexibility and allows us to serve our software to users of hearables and smart glasses outside of Lucyd as well, potentially opening a significant new customer base and revenue channel. Our applet store, which lives in the iOS and Android app, essentially opens the bridge to users of other hearables and allows them to take advantage of our software. Recently, we announced a new distribution relationship with Modivo Group, a major European fashion retailer with approximately 1,400 stores. Modivo is first testing our smart glasses in the Sklep Biegacza running stores in Poland. These stores provide a bespoke experience for athletes, providing them with a customized fitting experience and detailed level of service. The initial rollout is focused on the Reebok product lines.

Speaker #3: This provides enormous user flexibility and allows us to serve our software to users of hearables and smart glasses outside of Lucid as well, potentially opening a significant new customer base and revenue channel.

Speaker #3: So, our applet store, which lives in the iOS and Android app, essentially opens the bridge to users of other hearables and allows them to take advantage of our software.

Speaker #3: Recently, we announced a new distribution relationship with Modivo Group, a major European fashion retailer with approximately 1,400 stores. Modivo is first testing our smart glasses in the Sklep Biegasa running stores in Poland.

Speaker #3: These stores provide a bespoke experience for athletes, providing them with a customized fitting experience and a detailed level of service. The initial rollout is focused on the Reebok product lines.

Harrison Gross: We expect to see continued sales and volume momentum of Lucyd Armor and Reebok Powered by Lucyd product lines, along with corresponding growth in total cost of goods sold. We are also continually working on refining our product mix with sales data and anticipate further reducing our unit cost by focusing only on the highest volume market-tested styles. Currently, e-commerce remains the most substantial portion of our sales mix since inception. However, we continue to believe that the wholesale channel has the most growth potential. We expect that e-commerce channels will remain a larger proportional share of our revenue in the near- to mid-term, with wholesale contributions increasing over time. In the long term, we anticipate that wholesale sales will eclipse e-commerce, which should bring consistent large-scale orders with minimal marketing costs.

Speaker #3: We expect to see continued sales and volume momentum of Lucid Armor and Reebok powered by Lucid product lines, along with corresponding growth in total cost of goods sold.

Speaker #3: We are also continually working on refining our product mix with sales data, and anticipate further reducing our unit cost by focusing only on the highest-volume, market-tested styles.

Speaker #3: Currently, e-commerce remains the most substantial portion of our sales mix. Since inception, however, we continue to believe that the wholesale channel has the most growth potential.

Speaker #3: We expect that e-commerce channels will remain a larger proportional share of our revenue in the near to mid-term, with wholesale contributions increasing over time.

Speaker #3: In the long term, we anticipate that wholesale sales will eclipse e-commerce, which should bring consistent, large-scale orders with minimal marketing costs. With the continued success and momentum of Lucid Armor smart glasses for the safety and industrial segment, we believe we are very well positioned to generate significant revenue in 2026.

Harrison Gross: With the continued success and momentum of Lucyd Armor smart glasses for the safety and industrial segment, we believe we are very well positioned to generate significant revenue in 2026. In addition, during the latter half of 2025, we have begun to focus more efforts on international expansion, including the development of new partnerships with distributors and retailers in the UK, European Union, Canada, and Latin America, as well as securing initial orders from key European markets. Our management team remains confident that the milestones that we achieved in fiscal 2025 have positioned us well to drive revenue growth, margin expansion, and steady cash flow generation to help promote the enhancement of shareholder wealth. Now I'll pass the call over to the CFO, Mr. Oswald Gayle, to review the financial results for the fiscal year of 2025.

Speaker #3: In addition, during the latter half of 2025, we have begun to focus more efforts on international expansion, including the development of new partnerships with distributors and retailers in the UK, the European Union, Canada, and Latin America, as well as securing initial orders from key European markets.

Speaker #3: Our management team remains confident that the milestones we achieved in fiscal 2025 have positioned us well to drive revenue growth, margin expansion, and steady cash flow generation that will promote the enhancement of shareholder wealth.

Speaker #3: Now, I'll pass the call over to the CFO, Mr. Oswald Gale, to review the financial results for the fiscal year 2025.

Oswald Gayle: Thank you, Harrison Gross. In the next few moments, I will take some time to review and give commentary around our financial performance for the fiscal year 2025. Net revenue for the fiscal year ending 31 December 2025 was approximately $2.7 million, which represented an increase of 63% from the fiscal year ended 31 December 2024. This increase was primarily attributable to significant sales volume increases, slightly offset by the impacts of higher discounts on products sold and shifts in product price and mix. The sales volume increases were driven by the Lucyd Armor product line, which was first launched in October 2024 and has rapidly emerged as the company's first highly successful SKU.

Speaker #2: Thank you, Arsen. Over the next few moments, I will take some time to review and give commentary around our financial performance for fiscal year 2025.

Speaker #2: Net revenue for the fiscal year ending December 31, 2025, was approximately $2.7 million. Given the presented increase of 63% from the fiscal year ended December 31, 2024, this increase was primarily attributable to significant sales volume increases, slightly offset by the impacts of higher discounts on products sold and shifts in product price and mix.

Speaker #2: The sales volume increases were driven by the Lucid Armor product line, which was first launched in October 2024 and has rapidly emerged as the company's first highly successful SKU.

Oswald Gayle: We sold over 12,000 units of Lucyd Armor smart glasses in the current year, which represented approximately half of the company's total smart glasses units sold for the year. The strong demand for the unique Lucyd Armor product has led the company to develop 4 alternative variants for this product line to address a wider range of safety glasses users. 3 new Lucyd Armor variants in November 2025, and a fourth variant, Lucyd Armor Vantage, is debuting today, 31 March, at the National Hardware Show Concept to Commerce event in Las Vegas. The co-branded Reebok Powered by Lucyd collection, which launched in April 2025, also contributed to the year-over-year volume increases. Lucyd sold over 2,000 units of Reebok smart glasses during the current year.

Speaker #2: We sold over 12,000 units of Lucid Armor smart glasses in the current year, which represented approximately half of the company's total smart glass units sold for the year.

Speaker #2: The strong demand for the unique Lucid Armor product has led the company to develop four alternative variants for this product line. To address a wider range of safety glasses users, three new Armor variants in November 2025, and a fourth variant, Armor Vantage, is debuting today.

Speaker #2: March 31st at the National Hardware Show, Concept to Commerce event in Las Vegas. The co-branded Reebok powered by Lucid Connection, which launched in April 2025, also contributed to the year-over-year volume increases.

Speaker #2: Lucid sold over 2,000 units of Reebok smart glasses during the current year. Despite the significant volume growth, the shifts in the product mix to be more heavily skewed toward the Lucid Armor line had an unfavorable impact on our revenues, as the Armor line carries a slightly lower manufactured retail price than the other product lines.

Oswald Gayle: Despite the significant volume growth, the shifts in the product mix to be more heavily skewed toward the Lucyd Armor line had an unfavorable impact on our revenues, as the Armor line carries a lower manufacturer retail price than the other product lines. The slightly higher discounts in the current year primarily reflected the go-to-market strategy for new product lines, which included a few areas such as introductory promotions and bundles for Reebok Powered by Lucyd launch to accelerate awareness and trial, and targeted clearance of older frame styles as we rationalize the assortment ahead of the November Lucyd Armor line expansion. I would like to take some time to discuss the results in our e-commerce business.

Speaker #2: The slightly higher discounts in the current year primarily reflected the go-to-market strategy for new product lines, which included a few areas such as introductory promotions and bundles for Reebok powered by Lucid launch to accelerate awareness and trial.

Speaker #2: And targeted clearance of older frame styles as we rationalize the assortment ahead of the November Lucid Armor line expansion. I would like to take some time to discuss the results in our e-commerce business.

Oswald Gayle: For the year ended December 31, 2025, approximately 51% of sales were processed on the Lucyd online store, 40% on Amazon.com, 8% through reseller partners, with approximately 1% of net revenues generated from Lucyd Pro app subscriptions. For the year ended December 31, 2024, approximately 64% of sales were processed on the online store, 26% on Amazon.com, and 10% with reseller partners, with less than 1% of net revenues generated from Lucyd Pro app subscriptions.

Speaker #2: For the year ended December 31, 2025, approximately 51% of sales were processed on the Lucid online store, 4% on Amazon.com, 8% through reseller partners, with approximately 1% of net revenues generated from Lucid Pro app subscriptions.

Speaker #2: For the year ended December 31, 2024, approximately 64% of sales were processed on the online store, 26% on Amazon.com, and 10% with reseller partners, with less than 1% of net revenues generated from Lucid Pro app subscriptions.

Oswald Gayle: Decline in the proportional share of reseller sales versus the prior year period reflects the combination of the uncertainty of the current economic environment in light of the current tariff and international trade situation, which has led to delays in getting large retailers to commit to placing orders for any new products like ours, and an intentional shift by the company away from small optical accounts, and the timing of purchase orders from prospective big box and home improvement retailers currently under evaluation. Let's move on to discuss margins. Gross profit at the end of December 31, 2025, was approximately $567 thousand, as compared to approximately $215 thousand for the prior year period.

Speaker #2: The decline in the proportional share of reseller sales versus the prior year period reflects the combination of the uncertainty of the current economic environment in light of the current tariff and international trade situation, which has led to delays in getting large retailers to commit to placing orders for any new products such as ours, and an intentional shift by the company away from small optical accounts, and the timing of purchase orders from prospective big box and home improvement retailers currently under evaluation.

Speaker #2: Let's move on to discuss margins. Gross profit at the end of December 31, 2025, was approximately $567,000, compared to approximately $215,000 for the prior year period.

Oswald Gayle: The gross profit margin was 21% at the end of 31 December 2025, and 13% in the prior year, representing an increase of approximately 8 percentage points from the prior year end. This improvement in gross profit margin was primarily attributable to lower product sourcing costs for both frames and prescription lenses as the company continues to scale and develop its business. These improvements were partially offset by the negative impacts of tariffs during the current year, as well as provisions for certain excess, obsolete, and slow-moving inventory. Our bottom line net loss for the fiscal year ended 31 December 2025 was approximately $7.6 million or net loss of $0.90 per share, compared with net loss of approximately $7.8 million or a loss of $5.19 per share for the fiscal period ended 31 December 2024.

Speaker #2: The gross profit margin was 21% at the end of December 31, 2025, compared to 13% in the prior year, representing an increase of approximately 8 percentage points from the prior year end.

Speaker #2: This improvement in gross profit margin was primarily attributable to lower product sourcing costs for both frames and prescription lenses, as the company continues to scale and develop its business.

Speaker #2: These improvements were partially offset by the negative impacts of tariffs during the current year, as well as provisions for certain excess, obsolete, and slow-moving inventory.

Speaker #2: Our bottom line net loss for the fiscal year ended December 31, 2025, was approximately $7.6 million, or a net loss of $1.90 per share, compared with a net loss of approximately $7.8 million, or a net loss of $5.19 per share, for the fiscal period ended December 31, 2024.

Oswald Gayle: The company ended the fiscal year of 2025 with approximately $6.5 million of combined cash and cash equivalents and investments, compared with approximately $7.5 million combined cash and equivalents and investments as of the prior fiscal year. As Harrison Gross mentioned earlier, we believe we are very well positioned to generate significant revenue growth in 2026. In addition, we have begun to focus more efforts on international business expansion, including the development of new partnerships with distributors and retailers. We are very confident that our continued focus on revenue growth, diversifying market opportunities, and executing on cost reduction measures will allow us to maximize top line and margin targets to drive profitability and cash flow generation. I would like to hand the call back over to Harrison Gross.

Speaker #2: The company ended the fiscal year of 2025 with approximately $6.5 million of combined cash and cash equivalents and investments, compared with approximately $7.5 million of combined cash and cash equivalents and investments as of the prior fiscal year.

Speaker #2: As Arsen mentioned earlier, we believe we are very well positioned to generate significant revenue growth in 2026. In addition, we have begun to focus more efforts on international business expansion, including the development of new partnerships with distributors and retailers.

Speaker #2: We are very confident that our continued focus on revenue growth, diversifying market opportunities, and executing on cost reduction measures will allow us to maximize top-line and margin targets to drive profitability and cash flow generation.

Harrison Gross: Thank you, Oswald. Operator, we're ready to open the line for questions.

Speaker #2: And I would like to end the call back over to Harrison Lewis.

Speaker #1: Thank you, Oswald. Operator, we're ready to open the line for questions.

Operator: Thank you. Ladies and gentlemen, we will now begin the question-and-answer session. Should you have a question, please press star followed by the one on your telephone keypad. Should you wish to cancel your request, please press star followed by the two. If you are using a speakerphone, please lift the handset before pressing any keys. One moment please for your first question. Your first question comes from the line of James Kessner from Bacher Tower Research. Please go ahead.

Speaker #3: Thank you. Ladies and gentlemen, we will now begin the question-and-answer session. Should you have a question, please press star, followed by the one on your telephone keypad.

Speaker #3: Should you wish to cancel your request, please press star, followed by the two. If you're using a speakerphone, please lift the handset before pressing any keys.

Speaker #3: One moment, please, for your first question. Your first question comes from the line of James Kissner from Roger Tower Research. Please go ahead.

James Kessner: Thanks, guys. I just got a few here, if I might. Just regarding the Lucyd Pro premium app subscription you guys introduced, could you comment perhaps on the conversion rate from free to Pro? How do you plan to kind of incentivize, you know, that upgrade to premium through 2026?

Speaker #4: Thanks, guys, I just have a few here. If I might, just regarding the Lucid Pro premium app subscription you guys introduced, could you comment perhaps on the conversion rate from free to Pro, and how do you plan to kind of incentivize that upgrade to premium through '26?

Harrison Gross: Yeah. After a lot of learnings about the app and how we can use it as a tool to acquire B2B customers, we've changed our thinking on it a little bit, and we're sort of shifting into a freemium model, where we want all the core features of the app to be accessible by everyone who downloads it up to a point. Once a user hits a certain amount of usage on any particular feature, then we'll charge them for incremental usage on that. That is going to allow us to sort of accurately showcase all of our product features to B2B clients.

Speaker #1: Yeah, so after a lot of learnings about the app and how we can use it as a tool to acquire B2B customers, we've changed our thinking on it a little bit, and we're sort of shifting into a freemium model, where we want all of the core features of the app to be accessible by everyone who downloads it, up to a point.

Speaker #1: And once a user hits a certain amount of usage on any particular feature, then we'll charge them for incremental usage on that. And that is going to allow us to sort of accurately showcase all of our product features to B2B clients.

Harrison Gross: We had issues where larger companies were testing out our products, and they wanted to use a particular feature, and it was gated behind the Pro subscription, and it kind of reduced the speed of the deal close. In our effort to acquire new B2B clients, we're trying to make the app as easy and user-friendly as possible. We're switching into this freemium model, where once again, all the basic features will be accessible by everyone up to a certain point. If you're a power user of any of the features, you'll then be required to purchase the subscription.

Speaker #1: We had issues where larger companies were testing out our products, and they wanted to use a particular feature that was gated behind the Pro subscription, and it kind of reduced the speed of the deal close.

Speaker #1: So, in our effort to acquire new B2B clients, we're trying to make the app as easy and user-friendly as possible. So we're switching to this freemium model where, once again, all of the basic features will be accessible by everyone up to a certain point, but if you're a power user of any of the features, you'll then be required to purchase the subscription.

Harrison Gross: Essentially, we are staying focused on the actual sales of hardware and prescription lenses as the core of the business, but we're using the app as a useful tool to add additional utilities and product updates over time. We're not seeing it so much as a revenue stream as such as we are seeing it as something that helps bolster our product capabilities overall and will help us secure wholesale deals with B to B clients, largely thanks to the fact that they love these new features that we're producing in the app, such as the walkie feature and the translate feature. They're really perfect for all these sort of industrial use cases of the product. Hopefully, that answers your question.

Speaker #1: So, essentially, we are staying focused on the actual sales of hardware and prescription lenses as the core of the business, but we're using the app as a useful tool to add additional utilities and product updates over time.

Speaker #1: So we're not seeing it so much as a revenue stream, as such, as we are seeing it as something that helps bolster our product capabilities overall and will help us secure wholesale deals with B2B clients.

Speaker #1: Largely thanks to the fact that they love these new features that we're producing in the app, such as the Walkie feature and the Translate feature.

James Kessner: Yeah, it does. That makes a ton of sense.

Speaker #1: They're really perfect for all of these sort of industrial use cases of the product. Hopefully, that answers your question.

Harrison Gross: Mm-hmm.

James Kessner: Can't do a call without talking about, you know, tariffs and geopolitical issues. From what I recall, you guys are pretty much all manufactured in China, for a large part in China. Just given the geopolitical climate and the potential kind of tariff fluctuations, you know, what's your strategy? You know, like, you know, what's the update kind of on your manufacturing strategy at the moment?

Speaker #4: Yeah, it does. It makes a ton of sense. So, I just—I can't do a call without talking about tariffs and geopolitical issues.

Speaker #4: I recall you guys are pretty much all manufactured in China, and just given the—for a large part—in China, just given the geopolitical climate and the potential for kind of tariff fluctuations, what's your contingency strategy?

Harrison Gross: Yeah. Smart glasses remain almost exclusively produced in China and Taiwan at this time, and there's a lot of reasons for that. It's not just the engineering know-how, but also the fact that the many, many subcomponents that go into a smart glass are all also made in China. Producing a smart glass anywhere outside of China or Taiwan brings a lot of additional costs. For the short to medium term, we are planning to continue to manufacture in China. However, we do have some strong alternatives if that no longer becomes viable.

Speaker #4: What's the update, kind of, on your manufacturing strategy at the moment?

Speaker #1: Yeah, so smart glasses remain almost exclusively produced in China and Taiwan at this time, and there are a lot of reasons for that. It's not just the engineering know-how, but also the fact that the many, many subcomponents that go into a smart glass are all also made in China.

Speaker #1: So, producing a smart glass anywhere outside of China or Taiwan brings a lot of additional costs. So, for the short to medium term, we are planning to continue to manufacture in China.

Harrison Gross: I recently have been meeting with a company that actually produces eyewear here in the US, traditional eyewear in the US, and we're discussing different opportunities about how we can make a made in USA assembled with international parts product down the line. We are evaluating options for manufacturing in North America. Even then, you know, certain principal components will need to come from China in order to make those products. There's a lot of complexity when it comes to making smart glasses. Starting with when the tariffs first hit about a year and a half ago, we started very carefully evaluating our options and building our global fulfillment network so that we are prepared with a plan B and plan C, if necessary, to move our manufacturing.

Speaker #1: However, we do have some strong alternatives if that becomes no longer becomes viable. I recently have been meeting with a company that actually produces eyewear here in the US, traditional eyewear in the US, and we're discussing different opportunities about how we can make a made in USA but assembled with international parts product down the line.

Speaker #1: So, we are evaluating options for manufacturing in North America. But even then, certain principal components will need to come from China in order to make those products.

Speaker #1: So there's a lot of complexity when it comes to making smart glasses, but starting with when the tariffs first hit about a year and a half ago, we started very carefully evaluating our options and building our global fulfillment network so that we are prepared with a plan B and plan C, if necessary, to move our manufacturing.

Harrison Gross: For now, it remains the most cost-effective, and therefore we're able to provide the greatest value to consumers, by manufacturing the products in China.

Speaker #1: But for now, it remains the most cost-effective, and therefore we're able to provide the greatest value to consumers by manufacturing the products in China.

James Kessner: Okay. That's a helpful update. Just last one. You know, Lucyd Armor, you know, it seems like it's become pretty successful for you know. Could you give us a hint here or breakdown, like how much of your revenue is being derived from that, versus traditional frames? You know, the majority of the sales coming from, you know, enterprises for industrial use or is there some consumer in there as well?

Speaker #4: Great. That's a helpful update. Just one last question: Lucid Armor—it seems like it's become pretty successful for you. Could you give us a hint here, a breakdown, like how much of your revenues are being derived from that versus traditional frames? And are the majority of the sales coming from enterprises for industrial use?

Harrison Gross: It's about 2/3 of all revenues right now is the smart safety glasses line. That's, you know-

Speaker #4: Or is there some consumer in there as well?

James Kessner: Okay.

Harrison Gross: This product didn't exist 18 months ago. This came out with a bang and,

Speaker #1: So it's about two-thirds of all revenues right now is the Smart Safety Glass line. And that's from this product—it didn't exist 18, it didn't exist 18 months ago.

James Kessner: Mm-hmm.

Harrison Gross: It has been delighting consumers and companies since it came out. We think there's a couple of reasons for that. One, it's the only smart safety glass that's actually ANSI certified and suitable for all-day wear on the market in the US today. It's pretty unique in that regard. I think we're gonna continue. Right now with sort of the prosumer demographic, we haven't really broken fully into the corporate, industrial, and government demographics for this product yet, which are all, I think, in our sights and coming in the near future, hopefully. Yeah, right now it's essentially the prosumers, the sort of DIY customers, you know, people that work on their homes or work on their cars or have, you know, a job in the trades.

Speaker #1: So this came out with a bang, and it's been delighting consumers and companies since it came out. We think there are a couple of reasons for that.

Speaker #1: One, it's the only smart safety glass that's actually ANSI certified and suitable for all-day wear on the market in the US today. So it's pretty unique in that regard.

Speaker #1: But I think we're going to continue. So right now, it's sort of the prosumer demographic. We haven't really broken fully into the corporate, industrial, or government demographics for this product yet, which are all, I think, in our sights.

Speaker #1: And coming in the near future, hopefully. But yeah, right now, it's essentially the prosumers—the sort of DIY customers, people that work on their homes or work on their cars.

Harrison Gross: These are the people that are adopting the product. Where we think it's heading is entire corporations adopting it across their workforce to use it for hands-free communication and eye protection in one device. I think we have a very clear path that are happening, especially with some of the really powerful software features we've been introducing. We have some really powerful expansions to the translate feature coming that's gonna make it really easy for multilingual job sites to function a little bit more smoothly. A lot of really exciting stuff coming. All of this is sort of gearing towards making Armor an actual tool for the corporate workforce to use writ large across entire companies. That's sort of where our goals lie for Armor.

Speaker #1: Or have a job in the trades. These are the people that are adopting the product. Where we think it's heading is entire corporations adopting it across their workforce, to use it for hands-free communication and eye protection in one device.

Speaker #1: So I think we have a very clear path that is happening, especially with some of the really powerful software features we've been introducing. We have some really powerful expansions to the translate feature coming that's going to make it really easy for multilingual job sites to function a little bit more smoothly.

Speaker #1: So, a lot of really exciting stuff coming. And all of this is sort of gearing towards making Armor an actual tool for the corporate workforce to use writ large across entire companies.

Harrison Gross: We wanna see entire workforces updated to using the smart safety glasses and using them to communicate seamlessly, and hands-free and access AI to get the information they need. All of that points to, I think, the future of Armor as like a true workforce PPE equipment piece of equipment. It has that heading. I think we're heading in that direction with it. For now, mostly it's these sort of individual consumers that are adopting the product because they see it fits into their lifestyle. Also I think that's largely attributable to the style of Armor looking something like, you know, a sporty sunglass that doesn't really look like safety gear in that sense.

Speaker #1: So that's sort of where our goals lie for Armor. We want to see entire workforces updated to using the smart safety glasses and using them to communicate seamlessly and hands-free, and access AI to get the information they need.

Speaker #1: So all of that points to, I think, the future of Armor as a true workforce PPE piece of equipment. So it has that heading—I think we're heading in that direction with it—but for now, mostly it's been these sort of individual consumers that are adopting the product because they see it just fits into their lifestyle.

Speaker #1: And also, I think that's largely attributable to the style of Armor, looking something like a sporty sunglass that doesn't really look like safety gear in that sense.

Harrison Gross: Although we do have some of the styles have the yellow details indicating it's a safety product. We really hit the nail on the head with the styling. We made it look like, you know, a sporty glass that you could wear outside of work, and I think that's why it's been, you know, it's been such a hit with those demographics.

Speaker #1: So, although we do have some of the styles that have the yellow details indicating it's a safety product, we really hit the nail on the head with the styling.

Speaker #1: We made it look like a sporty glass that you could wear outside of work. And I think that's why it's been such a hit with those demographics.

James Kessner: Okay. That's very helpful. All right. Congrats, guys. Thank you.

[Company Representative] (Innovative Eyewear): Thank you.

James Kessner: Appreciate it.

Operator: Thank you once again. Should you have a question, please press star followed by the one on your telephone keypad. Your next question comes from the line of Matthew Galenko from Maxim Group. Please go ahead.

Speaker #4: Okay, that's very helpful. All right. Congrats, guys. Thank you.

Speaker #2: Thank you.

Speaker #1: Appreciate it.

Speaker #3: Thank you once again, Shreeja. If you have a question, please press star, followed by the one on your telephone keypad. Your next question comes from the line of Matic Galenko from Maxim Group.

Matthew Galinko: Hi. Thanks for taking my question. I guess can we start with you launched a few products now in Armor. You know, in your prepared remarks you mentioned that that opens up more of the addressable market. Can you maybe flesh that out a little bit more? How much were you addressing with the initial launch, and with the subsequent launches, you know, how much more of the market do you think you're tapping? Do you expect to, you know, need to launch additional designs to, you know, sort of capture the full PPE of the market?

Speaker #3: Please go ahead.

Speaker #5: Hi. Thanks for taking my question. I guess—can we start with, you launched a few products now in Armor, and in your prepared remarks, you mentioned that that opens up more of the addressable market.

Speaker #5: Can you maybe flesh that out a little bit more? How much were you addressing with the initial launch? And with the subsequent launches, how much more of the market do you think you're tapping?

Speaker #5: And do you expect to need to launch additional designs to sort of capture the full breadth of the market?

Harrison Gross: Yeah. I think, you know, we've seen really good examples of what a fully saturated safety glass line looks like. There's a company called Stoggles that's built a great business on offering safety glasses in a couple of key shapes and colors. They offer a few dozen SKUs to address the, you know, the wider market. They have some, you know, feminine colors available. They have a couple of different shapes. I think there is definitely more line expansion to be had. The model that we're introducing today is a really important step forward because this essentially, this Vantage model opens the floor to essentially all prescription wearers.

Speaker #1: Yeah, so I think we've seen really good examples of what a fully saturated safety glass line looks like. A company called Stoggles has built a great business on offering safety glasses in a couple of key shapes and colors.

Speaker #1: They offer a few dozen SKUs. To address the wider market, they have some feminine colors available. They have a couple of different shapes. So I think there's definitely more line expansion to be had.

Speaker #1: The model that we're introducing today is a really important step forward, because this essentially disadvantage model opens the floor to essentially all prescription wearers, whereas the original model of Armor was limited only to the lightest prescriptions.

Harrison Gross: Whereas the original model of Lucyd Armor was limited only to the lightest prescriptions up to about a -2 sphere, which is, you know, only a fragment of the prescription-wearing population. Now we've really opened the door to all prescription wearers. You know, surprise, the people. The biggest customers for smart glasses are people that already wear eyeglasses. That's a very important step forward in the collection that's going to really open the door to a lot of new customers. I think when it comes to the expansion potential, like I was just saying, you know, we've got sort of this prosumer consumer DIY customer already. The big opportunity now is these major B2B clients. You know, we already have a couple of early wins there.

Speaker #1: Up to about a minus two sphere, which is only a fragment of the prescription-wearing population. So now we've really opened the door to all prescription wearers.

Speaker #1: And surprise, surprise, the biggest customers for smart glasses are people that already wear eyeglasses. So that's a very important step forward in the collection that's going to really open the door to a lot of new customers.

Speaker #1: I think it comes to the expansion potential. Like I was just saying, we've got sort of this prosumer, consumer, DIY customer already. The big opportunity now is these major B2B clients.

Harrison Gross: We're working with Thermo King, DHL, and a few other companies that are testing out the safety glasses with their workforce right now. These corporate accounts, you know, we're also in, you know, we're doing tests with a major oil and gas company now. These could be thousands and thousands of units, you know, on an annual basis, some of these accounts. We see really huge potential in the sort of B2B scale-up of the Armor smart safety glass business, while also sort of expanding our reach to the individuals that can use the product on their own, which is a huge market. I mean, you have a very large market of these sort of home professionals, you know, contractors, and construction landscapers.

Speaker #1: We already have a couple of early wins there. We're working with Thermo King and DHL, and a few other companies that are testing out the safety glasses with their workforce right now.

Speaker #1: These corporate accounts we're also in—we're doing tests with a major oil and gas company now. These could be thousands and thousands of units on an annual basis.

Speaker #1: Some of these accounts. So we see really huge potential in the sort of B2B scale-up of the Armor smart safety glass business. We'll also sort of be expanding our reach to the individuals that can use the product on their own.

Speaker #1: Which is a huge market. I mean, you have a very large market to these sort of home professionals, contractors, and construction, landscapers. These are all people that can take advantage of the Armor product in different ways.

Harrison Gross: These are all people that can take advantage of the Armor product in different ways. Yeah, lots of potential. I would say we're just scratching the surface now on the direct-to-consumer side of Armor, and the B2B side has tons of upside potential as we see companies really adopting it as a PPE upgrade for their workforce.

Speaker #1: So yeah, lots of potential. I would say we're just scratching the surface now on the direct-to-consumer side of Armor. And the B2B side has tons of potential, as we see companies really adopting it as a PPE upgrade for their workforce.

Matthew Galinko: Got it. That's very helpful. I guess as a follow-up, you know, if we listen to the prepared remarks, and you know, the Q&A, the focus really seems to be on Reebok, and Lucyd Armor. So I'm wondering, as far as the other licensed brands are concerned, do you still see potential for them to be a meaningful part of your revenue mix? Or, you know, how are you kind of positioning, particularly on the consumer side?

Speaker #5: Got it. That's very helpful. I guess the follow-up: if we listen to the prepared remarks and the Q&A, the focus really seems to be on Reebok.

Speaker #5: And Lucid Armor. So I'm wondering, as far as the other licensed brands are concerned, do you still see potential for them to be a meaningful part of your revenue mix?

Harrison Gross: We've entered a really interesting phase of smart glasses in the last 6 to 12 months. What's happening is all of the legacy eyewear companies are starting to wanna break into it. They see that this is coming, and it's going to be a huge part of the eyewear market overall. These legacy brands and eyewear manufacturers need a tech partner to bring them into the 21st century and to help them make smart glasses if they wanna compete in this market. This has led us to develop what we call the Lucyd custom catalog, and it's basically a new white label effort that we're doing with our B2B partners.

Speaker #5: Or how are you kind of positioning, particularly on the consumer side?

Speaker #1: So, we've entered a really interesting phase with smart glasses in the last 6 to 12 months. What's happening is all of the legacy eyewear companies are starting to want to break into it.

Speaker #1: And they see that this is coming, and it's going to be a huge part of the eyewear market overall. So these legacy brands and eyewear manufacturers, they need a tech partner to bring them into the 21st century.

Speaker #1: And to help them make smart glasses if they want to compete in this market. So this has led us to develop what we call the custom catalog.

Harrison Gross: We're offering this new white label service that essentially allows us to partner with traditional legacy eyewear companies and be their tech partner and work with them to co-develop smart glasses. That's where our licenses become hugely valuable, is that we can use them to create custom SKUs with any of these partners that want to create a white label smart glass with us. Essentially, it's just they're useful elements of our brand portfolio that can be used to create unique products on a bespoke basis for customers. Now, this is a really interesting move because it allows us to preserve our working capital.

Scott Powell: We're offering this new white label service that essentially allows us to partner with traditional legacy eyewear companies and be their tech partner and work with them to co-develop smart glasses. That's where our licenses become hugely valuable, is that we can use them to create custom SKUs with any of these partners that want to create a white label smart glass with us. Essentially, it's just they're useful elements of our brand portfolio that can be used to create unique products on a bespoke basis for customers. Now, this is a really interesting move because it allows us to preserve our working capital.

Speaker #1: And it's basically a new white label effort that we're doing with our B2B partners, and we're offering this new white label service that essentially allows us to partner with traditional legacy eyewear companies and be their tech partner.

Speaker #1: And work with them to co-develop smart glasses. So that's where our licenses become hugely valuable, because now we can use them to create custom SKUs with any of these partners that want to create a white-label smart glass with us.

Speaker #1: So essentially, it's just that they're useful elements of our brand portfolio that can be used to create unique products on a bespoke basis for customers.

Harrison Gross: We're not producing excessive products for e-commerce, but we're using our brand equity to advance our B2B position by offering Nautica, Eddie Bauer, and Reebok to our retail partners that wanna create custom smart glasses. We're sort of leveraging the brand equity to gain new partnerships without sort of overburdening our marketing capability of trying to promote, you know, four or five brands at the same time on e-commerce, which is not really viable. That's kind of where we've arrived at the strategy that we've arrived at with the brand portfolio. We're really gonna be pushing on this white label business unit 'cause these traditional eyewear companies, many of them are very well funded, but they cannot just drop into the smart glass race now seven or eight years later than other major incumbents, right?

Speaker #1: Now, this is a really interesting move because it allows us to preserve our working capital. We're not producing excessive products for e-commerce, but we're using our brand equity to advance our B2B position by offering Nautica, Eddie Bauer, and Reebok to our retail partners that want to create custom smart glasses.

Speaker #1: So we're sort of leveraging the brand equity to gain new partnerships without sort of overburdening our marketing capability of trying to promote four or five brands at the same time on e-commerce, which is not really viable.

Speaker #1: So that's kind of where we've arrived at the strategy that we've arrived at with the brand portfolio. We're really going to be pushing on this white label business unit.

Speaker #1: Because these traditional eyewear companies—many of them are very well funded—they cannot just drop into the smart glass race now, seven or eight years later than other major incumbents, right?

Harrison Gross: They really need a company like us or like Meta or Google to really advance their technology and bring their brands into the smart glass revolution. That's kind of how we're seeing Nautica and Eddie Bauer at this moment. Reebok, we think is valuable enough to produce for e-commerce on an ongoing basis, so we're doing that. For Nautica and Eddie Bauer, we're being a little bit more hesitant with them, or we're reserving them as sort of ammo to capture B2B partnerships that would maybe be interested in an exclusivity arrangement with the Nautica smart eyewear brand or with Eddie Bauer smart eyewear. That's how our sort of strategy has evolved a little bit around the brand portfolio.

Speaker #1: So they really need a company like us, or like Meta or Google, to really advance their technology and bring their brand into the smart glass revolution.

Speaker #1: So that's kind of how we're seeing Nautica and Eddie Bauer at this moment. Reebok, we think, is valuable enough to produce for e-commerce on an ongoing basis.

Speaker #1: So we're doing that. But for Nautica and Eddie Bauer, we're being a little bit more hesitant with them. We're reserving them as sort of ammo.

Speaker #1: To capture B2B partnerships that would maybe be interested in an exclusivity arrangement with the Nautica smart eyewear brand or with Eddie Bauer smart eyewear. So that's how our sort of strategy has evolved a little bit around the brand portfolio.

Harrison Gross: We're really seeing this white label business unit as having huge potential and allowing us to leverage our massive IP portfolio to really bring other traditional eyewear brands into the smart glasses fight.

Speaker #1: We're really seeing this white label business unit is having huge potential, and allowing us to leverage our massive IP portfolio to really bring other traditional eyewear brands into the smart glass fight.

Matthew Galinko: Got it. Very interesting. Last question from me is just on the channel development. It seems like, you know, kind of working in B2B and B2C directions, and also international and domestic. Maybe can you kind of parse out a little bit, do you expect domestic, kinda consumer distribution to expand meaningfully in 2026? Or do you think that's gonna be more an international play? And then on the Armor side, do you expect that to be both domestic and international this year as far as distribution expansion, or is that, does that have a geographic bias? Thank you.

Speaker #5: Got it. Very interesting. Last question for me is just on the channel development. It seems like you're kind of working in both B2B and B2C directions.

Speaker #5: And also, international and domestic. So, maybe can you kind of parse out a little bit? Do you expect domestic consumer distribution to expand meaningfully in '26?

Speaker #5: Or do you think that's going to be more an international play? And then, on the Armor side, do you expect that to be both domestic and international this year as far as distribution expansion?

Harrison Gross: When it comes to the rest of the world, they're a little bit behind the US in smart glasses. We're sort of leading the charge here. You know, most of the economic activity and the consumer interest around smart glasses is growing and coming from the US. I would expect most of our growth to continue to be here and in Canada for this year. But we're starting to see some interesting sparks in Europe, especially at the Silmo trade show in Paris, which is the second-largest eyewear show after the Mido show in Milan. They've introduced a new smart glass pavilion. We were a founding member of that last year.

Speaker #5: Or does that have a geographic bias? Thank you.

Speaker #1: So, when it comes to the rest of the world, they're a little bit behind the US in smart glasses. We're sort of leading the charge here.

Speaker #1: And most of the economic activity and the consumer interest around smart glasses is growing and coming from the US. So I would expect most of our growth to continue to be here.

Speaker #1: And in Canada, for this year. But we're starting to see some interesting sparks in Europe, especially. At the SILMO trade show in Paris, which is the second largest eyewear show after the Mido show in Milan.

Harrison Gross: The other optical shows in Europe are starting to have entire dedicated smart glass floors as part of the shows. You know, at CES this year, there were a number of other smart glass companies as well. At Vision Expo, we're starting to see other smart glasses pop up, but most of the focus is still in the US, and I think Europe is lagging a year or two behind. We still see a major opportunity for Europe, where the Meta glasses don't have a strong penetration. There's a lot more privacy concerns around recording in Europe, so camera glasses in general are not as savory in that market. The audio glasses that we make are a little bit more a better position for the European market.

Speaker #1: They've introduced a new smart glass pavilion. We were a founding member of that last year. The other optical shows in Europe are starting to have entire dedicated smart glass floors.

Speaker #1: As part of the shows at CES this year, there were a number of other smart glass companies as well. At Vision Expo, we're starting to see other smart glasses pop up.

Speaker #1: But most of the focus is still in the US, and I think Europe is lagging a year or two behind. But we still see a major opportunity for Europe, where the Meta glasses don't have a strong penetration.

Speaker #1: There are a lot more privacy concerns around recording in Europe, so camera glasses in general are not as savory in that market. So the audio glasses that we make are a little bit better positioned for the European market.

Harrison Gross: I think it's still really early to tell exactly how things are gonna shake out this year, but I'm seeing strong expansion potential, mostly focusing on sport and safety at this moment. We have two new upcoming optical lines that will help with expansion into optical. Sport and safety seems to be where we found the most traction, and I think there's a lot of reasons for that. We're gonna continue to see more growth in those two verticals than in optical for this year. I would expect by next year, optical is gonna start picking up a lot just based on what I'm hearing from the trade, and how I'm seeing things move at Vision Expo.

Speaker #1: I think it's still really early to tell exactly how things are going to shake out this year. But I'm seeing strong expansion potential, mostly focusing on sport and safety at this moment.

Speaker #1: We have two new upcoming optical lines that will help with expansion into optical. But sport and safety seem to be where we found the most traction.

Speaker #1: And I think there’s a lot of reasons for that. And we’re going to continue to see more growth in those two verticals than in optical for this year.

Speaker #1: But I would expect by next year, optical is going to start picking up a lot, just based on what I'm hearing from the trade and how I'm seeing things move at Vision Expo.

Harrison Gross: Where I was actually on, they had a smart glass panel this year, I think, for the first or second time. I was on that panel talking about, you know, the challenges of commercializing smart glasses. The industry is now, they're here for it. It's not, it's no longer seen as a novelty item or, you know, a curiosity. They're starting to see it the way we see it, which is the future of eyewear. That means that they're incorporating more and more smart glass SKUs into their assortments. That's happening now in the US, and I think it's going to follow in Canada, Europe, and Latin America, in the coming years.

Speaker #1: Where I was actually on, they had a smart glass panel this year, I think, for the first or second time. I was on that panel talking about the challenges of commercializing smart glasses.

Speaker #1: But the industry is now—they're here for it. It's no longer seen as a novelty item or a curiosity. They're starting to see it the way we see it, which is the future of eyewear.

Speaker #1: And that means that they're incorporating more and more smart glass views into their assortments. So that's happening now in the US, and I think it's going to follow in Canada, Europe, and Latin America.

Matthew Galinko: Thank you.

Harrison Gross: Mm-hmm.

Operator: Thank you. Once again, should you have a question, please press star four point one on your telephone keypad. There are no further questions at this time. I will now hand the call back to Mr. Harrison Gross for any closing remarks.

Speaker #1: In the coming years.

Speaker #5: Thank you.

Speaker #2: Thank you once again. Should you have a question, please press star or follow by the one on your telephone keypad. There are no further questions at this time.

Harrison Gross: All right. Thank you everyone for attending the earnings call. It was a really action-packed year in 2025. We had a lot of growth, introduced a lot of new products, and gained thousands of new customers. I'm really looking forward to what this year is gonna bring as we introduce our new Armor Vantage variants, and we have our upcoming Reebok optical collection as well, which is going to be a game changer for all-day wear and smart eyewear. Really excited about all of our upcoming stuff that we have on the horizon, and I'm looking forward to continuing to fight to upgrade the world's eyewear. Thank you so much for attending the call.

Speaker #2: I will now hand the call back to Mr. Harrison Gross for any closing remarks.

Speaker #1: All right. Thank you, everyone, for attending the earnings call. It was a really action-packed year in 2025. We had a lot of growth and introduced a lot of new products.

Speaker #1: And gained thousands of new customers. Really looking forward to what this year is going to bring, as we introduced our new Armor Vantage variants.

Speaker #1: And we have our upcoming Reebok optical collection as well, which is going to be a game changer for all-day wear and smart eyewear. Really excited about all of our upcoming stuff that we have on the horizon.

Operator: This concludes today's call. Thank you for participating. You may all disconnect.

Speaker #1: And I'm looking forward to continuing to fight to upgrade the world's eyewear. Thank you so much for attending the call.

Q4 2025 Innovative Eyewear Inc Earnings Call

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