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 · 2026-05-14 vs the prior 10-Q · 2025-11-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +51 | −118 | ~4 | 3 |
| 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 · 2026-05-14
● 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…
● We believe we are strongly positioned for further revenue growth in 2026, based on the following recent developments:
○ 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.
Text removed vs the prior filing · source: 10-Q · 2025-11-13
● We achieved strong top-line growth in the third quarter of 2025; revenues for the three months ended September 30, 2025 increased by 163% as compared to the comparable period in 2024, and revenues for the nine months ended September 30, 2025 increased by 80% as compared to the comparable period in…
● Our gross profit margin for the third quarter of 2025 was 37%, compared to 23% in the three months ended September 30, 2024. This increase of approximately 14 percentage points was primarily attributable to by lower product sourcing costs for both frames and prescription lenses as we continue to s…
● Other operating expenses increased by 19% in the third quarter of 2025 as compared to the comparable period in 2024, largely driven by increased sales and marketing expenses, which we believe are necessary to drive our continued growth and expansion. Higher licensing expenses related to our cobran…
● Going into the fourth quarter, we believe we are well positioned to capitalize on the continued success and momentum of the Lucyd Armor smartglasses line for the safety/industrial segment (which represents a growing market in which we currently have little or no direct competition) and the recentl…
● As a result of increasing interest in smart eyewear in the traditional optical landscape, we are building new business with white-label and wholesale partners. In the third quarter, we received wholesale orders from several new clients, including Kits Eyewear, the Optical Resources Group, and I-de…
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