Innovative Eyewear (Innovative Eyewear) Cash And Cash Equivalents : $2.65 Mil (As of Mar. 2024)

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What is Innovative Eyewear Cash And Cash Equivalents?

Innovative Eyewear's quarterly cash and cash equivalents increased from Sep. 2023 ($3.90 Mil) to Dec. 2023 ($4.29 Mil) but then stayed the same from Dec. 2023 ($4.29 Mil) to Mar. 2024 ($2.65 Mil).

Innovative Eyewear's annual cash and cash equivalents increased from Dec. 2021 ($0.08 Mil) to Dec. 2022 ($3.59 Mil) and increased from Dec. 2022 ($3.59 Mil) to Dec. 2023 ($4.29 Mil).

Innovative Eyewear Cash And Cash Equivalents Historical Data

The historical data trend for Innovative Eyewear's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Innovative Eyewear Cash And Cash Equivalents Chart

Innovative Eyewear Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.03

0.08

3.59

4.29

Innovative Eyewear Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial											3.45	5.36	3.90	4.29	2.65

Innovative Eyewear Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Innovative Eyewear (NAS:LUCY) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Innovative Eyewear Cash And Cash Equivalents Related Terms

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Innovative Eyewear (Innovative Eyewear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Innovative Eyewear Inc (NAS:LUCY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

11900 Biscayne Boulevard, Suite 630, North Miami, FL, USA, 33138

Website

https://www.lucyd.co

Innovative Eyewear Inc is engaged in developing and selling eyeglasses and sunglasses, which are designed to allow customers to remain connected to their digital lives, while also offering prescription eyewear and sun protection. Its products Lucyd Lyte glasses enable the wearer to listen to music, take and make calls, and use voice assistants to perform many common smartphone tasks hands-free.

Executives

Olivia C. Bartlett	director	11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
Louis Castro	director	11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
Konrad Dabrowski	officer: Chief Financial Officer	11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
Kristen Mclaughlin	director	11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
Harrison R. Gross	director, officer: Chief Executive Officer	11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33131
Frank Rescigna	director	8101 BISCAYNE BLVD., SUITE 705, MIAMI FL 33138
Lucyd Ltd.	10 percent owner	11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
David Eric Cohen	officer: Chief Technology Officer	11900 BISCAYNE BLVD., SUITE 705630, MIAMI FL 33131