Tekcapital portfolio company Innovative Eyewear grew second-quarter net sales by 71% year-on-year to around $1m, marking the smart eyewear maker’s twelfth consecutive quarter of revenue growth.
First-half sales at the Nasdaq-listed company, which manufactures smart glasses under the Lucyd, Lucyd Armor, Reebok, Eddie Bauer and Nautica brands, also rose approximately 71% to $1.77m. Growth continues to be led by the Lucyd Armor smart safety eyewear line, with sustained demand across direct-to-consumer, online marketplace and wholesale channels.
The retail footprint is expanding, too. During the quarter, Innovative Eyewear secured an initial purchase order from a leading Canadian optical retail group with 345 locations, with product deployment expected to begin in the third quarter. In the US, the company has been awarded a 50-store test with one of the world’s largest retailers, due to commence in September.
Innovative Eyewear expects its wholesale and bricks-and-mortar push to become a meaningful driver of revenue in the second half of 2026 and beyond, with further details on both relationships promised as they progress.
“Our preliminary second-quarter results reflect broad-based momentum across our smart eyewear portfolio,” said Harrison Gross, CEO of Innovative Eyewear.
“What excites me most is how quickly our team is opening the wholesale channel. With an initial order in hand from a leading Canadian optical retailer operating 345 locations, and a 50-store test secured with a major U.S. big-box retailer, we believe we are building the foundation for a transformative expansion of our retail presence and our revenue in future periods. Lucyd products bring a clear competitive edge over other smart eyewear, thanks to our breadth of styles, ANSI certification, premium build quality and affordable price points. Retailers recognize the value in our portfolio, and these two new wholesale partners are just the beginning. I expect Lucyd products to be on many new store shelves in the next year.”