Innovative Eyewear
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Innovative Eyewear's past years’ income statements indicate that its last revenue has increased compared to the previous period by 75% to $1,152,479. Profit margin reached -578%. Total operating expenses were $6,541,063.
Profit Margin
| 2019 | 4.82K | -109.42K | -2269.8% |
|---|---|---|---|
| 2020 | 56.99K | -768.18K | -1347.76% |
| 2021 | 690.67K | -3.28M | -475.47% |
| 2022 | 659.78K | -5.78M | -877.1% |
| 2023 | 1.15M | -6.66M | -578.18% |
LUCY Income Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 1.15M | 659.78K | 690.67K | 56.99K | 4.82K |
Cost of revenue | 1.27M | 716.07K | 542.41K | 74.26K | 7.73K |
Gross profit | -119.32K | -56.28K | 148.25K | -17.26K | -2.91K |
Operating exp. | |||||
Research and development | 662.18K | 524.69K | 86.26K | 36.89K | 4.08K |
Selling and marketing | 2.04M | 2.05M | 1.77M | 152.73K | 2.92K |
Total operating expenses | 6.54M | 5.52M | 3.35M | 635.74K | 106.51K |
Operating income | -6.90M | -5.57M | -3.20M | -650.88K | -109.42K |
Other income (expenses), net | 237.11K | -105.17K | -39.43K | -115.17K | 0 |
Income before tax | -6.66M | -5.68M | -3.24M | -768.18K | -109.42K |
Income tax expense | 0 | 105.17K | 39.43K | 7.08K | -262.62K |
Net income | -6.66M | -5.78M | -3.28M | -768.18K | -109.42K |
Earnings per share | |||||
Basic EPS | -12.67 | -0.79 | -0.43 | -5.19 | -0.01 |
Diluted EPS | -12.67 | -0.79 | -0.43 | -5.19 | -0.01 |
| Data source | Data source |