CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Smart glasses maker Innovative Eyewear readies IPO

By Kevin Donovan

22:08, 13 December 2021

Woman wearing sunglasses
Innovative Eyewear plans IPO - Photo: Innovative Eyewear shelf registration

Tekcapital pcl unit Innovative Eyewear filed with the US Securities & Exchange Commission Monday to offer an undisclosed number of shares in an initial stock offering to the public.

The size and timing of any future offering were not disclosed in the initial registration statement filed with the SEC. Maxim Group is acting as sole-lead underwriter. Innovative Eyewear has applied with the Nasdaq exchange to trade under the ticker LUCY.

Miami, Florida-based Innovative Eyewear was founded by Lucyd Ltd, the portfolio arm of U.K.-based university IP portfolio firm Tekcapital, having licensed the exclusive rights to the Lycyd brand as well as its patented smart eyewear technology.

Wider losses but soaring revenue

Innovative Eyewear lost $1.86m (£1.40m), or 37 cents per share, through the first nine months of 2021, a 448% increase in losses from the $556,115 it lost through 30 September 2020. For the full year 2020, Innovative Eyewear lost $768,184, or 26 cents per share. 

Revenue was $33,592 in 30 Sept 2020 and $415,185 through Sept 30 2021. 

Innovative Eyewear reports $295,200 in inventory prepayments from the manufacturer for inventory delivered in the fourth quarter. For the full year 2020, Innovative  Eyewear’s inventory prepayments totalled $85,740 for 2021 deliveries.


41,978.30 Price
-4.130% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00


1,988.19 Price
-0.800% 1D Chg, %
Long position overnight fee -0.0199%
Short position overnight fee 0.0117%
Overnight fee time 22:00 (UTC)
Spread 0.30


16,135.00 Price
+0.370% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8

Oil - Crude

71.38 Price
+0.020% 1D Chg, %
Long position overnight fee -0.0213%
Short position overnight fee -0.0006%
Overnight fee time 22:00 (UTC)
Spread 0.040

Tech-enabled glasses

Lucyd Lyte glasses are tech-enabled glasses that come in 12 different frame options and 56 different lens types. The frames connect to mobile devices via Bluetooth and allow the wearer to make and answer phone calls, send and receive text messages, play music, search the internet and send money via a web-based money-transfer app.

Innovative Eyewear glasses carry an MSRP of $149 for standard frames and $179 for its titanium frames, with prescription lenses ranging from $35 to $275. Innovative Eyewear sells its glasses through its own website as well as via Amazon.

As part of a policy undertaken in May, for every Lucyd Lyte eyewear frame sold, Innovative Eyewear donates a matching frame to an undisclosed charity. As of 30 September, Innovative Eyewear has donated $7,556 worth of its eyeglasses frames to charity.

Read more:

Warby Parker expects ‘strong’ growth; NYSE certifies listing

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading