Is Innovative Eyewear Inc (LUCY) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 131.4% / 30% | 2.3% / 30% | 9.61% / 5% | ✗ NOT HALAL |
| DJIM | 0.0% / 33% | 131.4% / 33% | 2.3% / 33% | 9.61% / 5% | ✗ NOT HALAL |
| MSCI | 0.0% / 33% | 76.5% / 33% | 1.3% / 33% | 9.61% / 5% | ✗ NOT HALAL |
| S&P | 0.0% / 33% | 131.4% / 33% | 2.3% / 33% | 9.61% / 5% | ✗ NOT HALAL |
| FTSE | 0.0% / 33% | 76.5% / 33% | 1.3% / 50% | 9.61% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 21.3% | |
| Operating Margin | -260.4% | |
| Net Margin | -285.2% | |
| Return on Equity (ROE) | -83.6% | |
| Return on Assets (ROA) | -53.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$7M |
| Free Cash Flow | -$7M |
| Current Ratio | 9.0 |
| Total Assets | $10M |
Price & Trading
| Last Close | $1.09 |
| 50-Day MA | $1.15 |
| 200-Day MA | $1.68 |
| Avg Volume | 3.3M |
|
52-Week Range
$0.95
| |
About Innovative Eyewear Inc (LUCY)
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 a power brick, cleaning cloth, and a slipcase adorned; Eddie Bauer Powered by Lucyd smart eyewear collection; and Lucyd Armor line, an ANSI-certified smart safety glass for all-day wear. In addition, the company offers Lucyd app that provides unlimited voice ChatGPT interactions. It sells its products through Amazon, social selling, and retail stores, as well as through Lucyd.co, Walmart.com, Target.com, BestBuy.com, DicksSportingGoods.com, Brookstone.com, and eBay. The company was formerly known as Innovative Eyewear, Inc. and change its name to Lucyd, Inc in October 2025. Lucyd, Inc was founded in 2019 and is based in North Miami, Florida.
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Frequently Asked Questions
Is Innovative Eyewear Inc (LUCY) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Innovative Eyewear Inc is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Innovative Eyewear Inc's debt ratio?
Innovative Eyewear Inc's debt ratio is 0.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 0.0%.
What are Innovative Eyewear Inc's key financial metrics?
Innovative Eyewear Inc has a market capitalization of $6M, and revenue of $2M. The company maintains a gross margin of 21.3% and a net margin of -285.2%. Return on equity stands at -83.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.