Tekcapital (LSE:TEK), the AIM-listed intellectual property investment group, said its portfolio company Innovative Eyewear posted second-quarter net sales of approximately $0.99 million, a 71% year-over-year increase that extends the NASDAQ-listed smart eyewear maker's unbroken run of quarterly revenue growth to twelve periods.
First-half 2026 net sales reached approximately $1.77 million, also up 71% on the prior-year period, with growth driven by the Lucyd Armor smart safety eyewear line across direct-to-consumer, online marketplace and wholesale channels.
Two new wholesale agreements are set to broaden Innovative Eyewear's retail presence in the second half of the year: an initial purchase order from a Canadian optical retail group operating 345 locations, with product deployment expected in the third quarter; and a 50-store test with a major US retailer due to commence in September.
"What excites me most is how quickly our team is opening the wholesale channel," said Harrison Gross, CEO of Innovative Eyewear, adding that the two new partners are "just the beginning" of what he expects to be a transformative expansion of the company's retail presence.
Innovative Eyewear also plans to launch Lucyd Aero, described as its lightest smart eyewear to date at under one ounce, in October 2026.
Full second-quarter financial results are due in mid-August.
