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(Sharecast News) - Tekcapital portfolio company Innovative Eyewear reported record preliminary unaudited sales growth in 2025, it reported on Wednesday, as it also announced that senior management intend to buy shares in the US-listed business.
Innovative Eyewear said fourth-quarter 2025 sales were $1m, representing an increase of around 45% compared with the same period a year earlier.
Preliminary full-year 2025 sales were estimated at $2.7m, up about 65% year-on-year from $1.6m in 2024.
The company said management believed recent operational progress and traction across its smart eyewear portfolio, particularly the Lucyd Armor smart safety range and Reebok sport collections, was not fully reflected in the current share price.
It cited analysis of Amazon.com market trends indicating that Innovative Eyewear held roughly 44% of the smart safety glasses market on the platform and said it was, to its knowledge, the only smart safety eyewear on Amazon with full safety certification in both the US and Canada.
Innovative Eyewear said it believed it had now established a diversified product mix and distribution channels to support increased penetration in the growing smart eyewear market and to position itself as a long-term value leader in the sector.
The company also said members of its senior management team, including chief executive Harrison Gross, chief financial officer Oswald Gayle, chief operating officer Joaquin Abondano, chief technology officer Eric Cohen and chief AI and growth officer Konrad Dabrowski, intended to purchase shares in the open market.
It said the planned purchases reflected management's confidence in the company's strategy, growth prospects and current valuation, with timing and amounts subject to market conditions and regulatory requirements.
"Whilst these results remain subject to audit, we are pleased with the preliminary sales growth achieved in both the fourth quarter and full year 2025 compared to 2024," Gross said.
"We believe this performance reflects growing awareness of our brand portfolio and increasing demand for eyewear that integrates smart features alongside vision correction and protection, and the ability to easily use our eyewear with a number of leading AI platforms.
"Our 2025 efforts to build a robust global fulfilment network have helped to position the company for faster scale up across hardware stores, retail, and optical chains worldwide.
"We are optimistic about our prospects for significant placements with national, well recognized chains during 2026."
At 1319 GMT, shares in Tekcapital were flat at 9.75p.
Reporting by Josh White for Sharecast.com.