LUCYW — what changed in the latest 10-Q
A section-by-section comparison of LUCYW's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +59 | −35 | ~6 | 17 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
● We achieved strong top-line growth in the second quarter of 2026, with revenues for the three months ended June 30, 2026 increasing by 74% as compared to the second quarter of 2025. This represents continued acceleration from our full-year 2024, full-year 2025, and first quarter 2026 year-over-yea…
● Our gross profit margin for the second quarter of 2026 was 24%, compared to -2% in the second quarter of 2025, reflecting a rebound from the initial impacts of tariffs on goods imported to the U.S. that began to be imposed in April 2025. Subsequently, management took various actions to mitigate th…
● Other operating expenses decreased by 10% in the second quarter of 2026 as compared to the second quarter of 2025, while increasing by 5% on a six-month basis. Research and development costs declined significantly for both the quarter and year-to-date periods, driven by the timing of product devel…
○ In April 2026, we launched the new Reebok® Powered by Lucyd optical collection, which is our highest margin frame collection to date, and which management believes has strong growth potential.
○ In July 2026, we announced a significant new retail launch with FYihealth group, operators of the FYidoctors optical chain in Canada. This partnership is centered on the 2026 rollout of Lucyd Armor® smart safety eyewear in 345 FYidoctors clinics across Canada. Initial product shipments under this …
Text removed vs the prior filing · source: 10-Q · 2026-05-14
● We achieved strong top-line growth in the first quarter of 2026, with revenues for the three months ended March 31, 2026 increasing by 70% as compared to the comparable period in 2025. This represents an acceleration from the full-year 2024 and full-year 2025 growth rates of 42% and 63%, respectiv…
● Our gross profit margin for the first quarter of 2026 was 23%, compared to 49% in the first quarter of 2025. The first quarter of 2025 notably included the positive impact of certain credits and inventory adjustments, which did not recur in subsequent quarters, while the current quarter’s gross pr…
● Other operating expenses increased by 20% in the first quarter of 2026 as compared to the first quarter of 2025, primarily driven by higher general and administrative expenses – largely related to employee compensation, plus higher amounts paid to outside service providers for various corporate an…
○ In April 2026, we announced the launch of the new Reebok® Powered by Lucyd optical collection, for which we have secured several new retail partners.
○ We are currently in discussions with numerous other retailers – including big box stores, traditional optical chains, and hardware and automotive chains – to introduce Lucyd Armor and Reebok Powered by Lucyd products into stores across the U.S. and Canada in 2026.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice