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Our History We develop and sell cutting-edge smart eyewear including prescription eyeglasses, ready-to-wear sunglasses, safety glasses, and sport glasses that is designed to allow our customers to remain connected to their digital lives. Founded and headquartered in Miami, Florida, we were initially organized as a Florida limited liability company effective August 15, 2019.
The business is unprofitable at the operating level (-202.27% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 62.6% YoY with margins expanding 108.0pp.
Negative free cash flow of -$7M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$3M
▲ +62.6% YoY
Net Income (TTM)
-$8M
▲ +2.3% YoY
Op. Margin
-196.43%
▲ +108.0pp YoY
ROIC
-47.49%
▲ +7.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$7M
▼ -8.0% YoY
Op. Cash Flow (TTM)
-$7M
▼ -7.9% YoY
Net Debt
-$4M
Net Cash Position
Cash & Equiv.
$4M
3Y CAGR: +59.2%
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