Tekcapital (GB:TEK) has released an update.
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Tekcapital plc, an intellectual property investment group, has noted that its portfolio company, Innovative Eyewear, Inc., reported a significant increase in its Q2 2024 revenues, up 82% from the previous year. The growth has been attributed to successful e-commerce strategies and new product launches. Innovative Eyewear has also improved its gross profit margins and is preparing to introduce new product lines and retail solutions by Q1 2025.
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