Tekcapital’s Innovative Eyewear posts document quarterly gross sales

Tekcapital stated its portfolio firm, Innovative Eyewear, reported document quarterly gross sales because the smart-glasses maker’s wholesale push gathered tempo.

The Nasdaq-listed firm, which makes sensible eyewear beneath manufacturers together with Lucyd and Reebok, stated preliminary internet gross sales for the third quarter rose about 55% to round $1.04m, its highest ever and a thirteenth consecutive quarter of year-on-year development. Sales for the primary 9 months reached about $2.8m, already exceeding its whole for the entire of 2025.

– Advertisement –

“Our preliminary third quarter outcomes replicate continued progress in executing our development technique,” stated Harrison Gross, CEO of Innovative Eyewear. 

“We delivered the best quarterly internet gross sales in our historical past whereas deliberately working promotional pricing on older fashions and conserving promoting and advertising and marketing spend. That method clears the best way for the deliberate fourth quarter launch of Lucyd Aero™, our lightest and most superior smartglasses thus far, as we head into what has traditionally been our strongest quarter of the 12 months.”

The development got here from on-line gross sales and the primary shipments beneath new wholesale offers, which the corporate expects to contribute extra considerably from the fourth quarter.

These embrace a rollout with a significant US big-box retailer throughout greater than 150 shops, a launch with an optical chain in Canada, and preliminary orders from its distributor in Australia and New Zealand. Innovative Eyewear additionally plans to launch its most superior sensible glasses but, Lucyd Aero, within the fourth quarter.

So the group might have extra top-line development to return. It is valued at $7.6m on the NASDAQ.