Innovative Eyewear Inc.
Lucyd, Inc engages in the development and sale of smart eyeglasses and sunglasses in North America. Its flagship product is the Lucyd Lyte which enable the wearer to listen to music, take and make calls, and use voice assistants and ChatGPT to perform various smartphone tasks hands-free. It also provides Nautica Powered by Lucyd smart eyewear collection and various branded accessories, including … Read more
Innovative Eyewear Inc. (LUCY) - Total Assets
Latest total assets as of September 2025: $11.18 Million USD
Based on the latest financial reports, Innovative Eyewear Inc. (LUCY) holds total assets worth $11.18 Million USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Innovative Eyewear Inc. - Total Assets Trend (2019–2024)
This chart illustrates how Innovative Eyewear Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Innovative Eyewear Inc. - Asset Composition Analysis
Current Asset Composition (December 2024)
Innovative Eyewear Inc.'s total assets of $11.18 Million consist of 93.9% current assets and 6.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 26.7% |
| Accounts Receivable | $131.31K | 1.3% |
| Inventory | $831.76K | 8.5% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $451.30K | 4.6% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how Innovative Eyewear Inc.'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Innovative Eyewear Inc.'s current assets represent 93.9% of total assets in 2024, an increase from 0.0% in 2019.
- Cash Position: Cash and equivalents constituted 26.7% of total assets in 2024, up from 0.0% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, an increase from 0.0% in 2019.
- Asset Diversification: The largest asset category is inventory at 8.5% of total assets.
Innovative Eyewear Inc. Competitors by Total Assets
Key competitors of Innovative Eyewear Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
OJsys Inc
PINK:OJSY
|
USA | $8.03 Million |
|
Beijing Centergate Technologies Holding Co Ltd
SHE:000931
|
China | CN¥3.82 Billion |
|
Blue Sail Medical Co Ltd
SHE:002382
|
China | CN¥16.46 Billion |
|
Andon Health Co Ltd
SHE:002432
|
China | CN¥28.98 Billion |
|
Allmed Medical Products Co Ltd Class A
SHE:002950
|
China | CN¥5.35 Billion |
|
Inix Technologies Holdings Bhd
KLSE:0094
|
Malaysia | RM72.53 Million |
|
Focus Point Holdings Bhd
KLSE:0157
|
Malaysia | RM328.19 Million |
|
Careplus Group Bhd
KLSE:0163
|
Malaysia | RM286.61 Million |
Innovative Eyewear Inc. - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Innovative Eyewear Inc. generates 0.17x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Innovative Eyewear Inc. is currently not profitable relative to its asset base.
Innovative Eyewear Inc. - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 11.98 | 16.83 | 0.19 |
| Quick Ratio | 10.13 | 15.43 | 0.07 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $9.71 Million | $ 10.34 Million | $ -624.05K |
Innovative Eyewear Inc. - Advanced Valuation Insights
This section examines the relationship between Innovative Eyewear Inc.'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.58 |
| Latest Market Cap to Assets Ratio | 0.57 |
| Asset Growth Rate (YoY) | 58.2% |
| Total Assets | $9.84 Million |
| Market Capitalization | $5.60 Million USD |
Valuation Analysis
Below Book Valuation: The market values Innovative Eyewear Inc.'s assets below their book value (0.57 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Innovative Eyewear Inc.'s assets grew by 58.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Innovative Eyewear Inc. (2019–2024)
The table below shows the annual total assets of Innovative Eyewear Inc. from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $9.84 Million | +58.20% |
| 2023-12-31 | $6.22 Million | +32.60% |
| 2022-12-31 | $4.69 Million | +468.94% |
| 2021-12-31 | $824.32K | +255.83% |
| 2020-12-31 | $231.66K | -- |
| 2019-12-31 | $0.00 | -- |