Post by MikeTesteron Jan 24, 2025 10:44am
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Post# 36418910
Innovative Eyewear (NASDAQ:LUCY): Pioneering the Future of S
Innovative Eyewear (NASDAQ:LUCY): Pioneering the Future of SLooks like an interesting play in the smart eyewear space. Revenue growing nicely at 165% YoY in Q1 2024, hitting $383k. Margins are tight at 2% but they're working on supplier negotiations. Online sales killing it at 96% of revenue. Got 350 retail stores now and expanding co-branded collections with Nautica, Eddie Bauer, Reebok. Definitely a speculative bet but could be interesting if they nail execution.Grabbed their overview from BeyondSPX - these guys do high quality in-depth analysis on just about every US stock out there, even microcaps, for free. Solid resource for digging into lesser-known names.Might take a small position and watch how they develop their product line and margins. Not a huge position but worth keeping an eye on. https://beyondspx.com/article/lucy-a-promising-smart-eyewear-play-with-significant-upside-potential