Innovative Eyewear, Inc. develops and sells cutting-edge eyeglasses and sunglasses, which are designed to allow its customers to remain connected to their digital lives, while also offering prescription eyewear and sun protection. The Company also offers prescription eyewear and sun protection. Its flagship product, Lucyd Lyte, enables the wearer to listen to music, take and make calls, and use voice assistants to perform many common smartphone tasks hands-free. All its products are designed in Miami, manufactured in Asia, and sold through two sales channels: e-commerce, primarily through its website (Lucyd.co) and marketplaces such as Amazon, Bestbuy.com and DicksSportingGoods.com and a growing network of independent eyewear stores. Its manufacturer suggested retail price (MSRP) for non-prescription, polarized sunglasses and blue light blocking glasses across all its online channels, with its wholesale pricing offering volume discounts to these prices.
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