Innovative Eyewear reports record Q3 2026 net sales of $1.04M, up 55%

For best results when printing this announcement, please click on link below: RNS Number: 6943X Tekcapital plc 06 October 2026 ­­­ 6 October 2026 Tekcapital Plc ("Tekcapital", the “Company” or the “Group”) Innovative Eyewear, Inc. Reports Record Preliminary Q3 2026 Net Sales, Up 55% Year-Over-Year Thirteenth Consecutive Quarter of Growth Ahead of Major Wholesale Launches Tekcapital Plc (AIM: TEK), the UK intellectual property investment group, notes that its portfolio company Innovative Eyewear, Inc.

(“Innovative Eyewear”) (NASDAQ: LUCY; LUCYW), the developer and manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Eddie Bauer® and Nautica® brands, is pleased to announce its preliminary unaudited net sales for the third quarter ended September 30, 2026, and provided an update on the expansion of its wholesale and international channels. 04 million, an increase of approximately 55% over Q3 2025 and the highest quarterly net sales in the Company’s history. Q3 2026 growth came on top of a 163% year-over-year increase in Q3 2025. Thirteenth consecutive quarter of year-over-year revenue growth.

8 million, an increase of approximately 66% over the nine months ended September 30, 2025. 66 million for the full year ended December 31, 2025. Historically, the fourth quarter is the Company’s strongest quarter of the year. Third quarter growth reflected an increase of approximately 25% in direct-to-consumer and online marketplace sales and the first shipments under the Company’s new wholesale programs.

The wholesale expansion is expected to have a more meaningful effect on net sales beginning in the fourth quarter of 2026 and into 2027. S. for its previously announced Lucyd Armor® rollout. The retailer plans to offer the products in more than 150 of its stores nationwide, with in-store sales expected to begin in October 2026.

co store locator ( ), with product expected to be available at these locations this month. Canada: The previously announced retail launch with FYihealth Group, operator of the FYidoctors, Visique and Solis optical clinic networks, commenced during the third quarter, and product placement is underway across approximately 345 locations. The Company shipped initial stock and in-store demonstration units to the network in July, and subsequent restocks have begun shipping. Australia / New Zealand: The Company received initial purchase orders for more than 3,000 smart eyewear units from Directed Electronics, its exclusive distributor for Australia and New Zealand.

The orders are expected to ship in October 2026 and are not included in third quarter net sales. Directed Electronics has more than 20 years of experience bringing international consumer electronics brands to market across Australia and New Zealand. Management Commentary "Our preliminary third quarter results reflect continued progress in executing our growth strategy," said Harrison Gross, CEO of Innovative Eyewear. "We delivered the highest quarterly net sales in our history while intentionally running promotional pricing on older models and conserving advertising and marketing spend.

That approach clears the way for the planned fourth quarter launch of Lucyd Aero™, our lightest and most advanced smartglasses to date, as we head into what has historically been our strongest quarter of the year. S. big-box retailer, FYihealth Group in Canada, and Directed Electronics in Australia and New Zealand. " The preliminary net sales figures in this press release are estimates based on information available to management as of the date of this release.

They are unaudited and remain subject to completion of the Company’s quarter-end financial close procedures and of the review of its interim financial statements by its independent registered public accounting firm. That firm has not audited, reviewed, compiled or performed any procedures with respect to these preliminary figures and does not express an opinion or any other form of assurance on them. Actual results may differ materially from these preliminary estimates. The Company expects to report its full third quarter 2026 financial results in mid-November 2026 with the filing of its Quarterly Report on Form 10-Q.

The new Lucyd Aero™ ultra-light smart eyewear collection, launching for holiday 2026. Image courtesy Innovative Eyewear, Inc. About Innovative Eyewear Inc. Innovative Eyewear is a developer and retailer of ChatGPT smart eyewear, under the Lucyd®, Lucyd Armor®, Nautica®, Eddie Bauer® and Reebok® brands.

True to our mission to Upgrade Your Eyewear®, our Bluetooth smart 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 market. To learn more and explore our continuously evolving collection of smart eyewear, please visit ( ). About Tekcapital plc Tekcapital creates value from investing in new, university and corporate 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 On 6 of August 2026 Tekcapital reported its 2026 H1 results 1 (#_ftn1). 27. 1 million in the first half of 2025. 69 million, reflecting continued cost discipline.

Tekcapital currently owns 259,455 shares of Innovative Eyewear, Inc. (NASDAQ: LUCY). For further information, please contact: Tekcapital Plc Via Flagstaff Clifford M. D.

SP Angel Corporate Finance LLP +44 (0) 20 3470 0470 (Nominated Adviser and Broker) Matthew Johnson/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. Forward-looking statements are based on Innovative Eyewear’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. Neither Tekcapital nor Innovative Eyewear Inc. undertakes any obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

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