Financial PerformanceFull year 2024 revenue of $1.6M, increased 42.0% y/y and gross margin of 13.1% compared to negative gross margin in 2023 and 2022, reflecting efforts to improve costs.
Product DemandManagement noted greater than expected demand for its Lucyd Armor smart safety glass product, indicating strong market validation in the industrial and occupational safety eyewear segment.
Revenue GrowthThe company launched its first line of Reebok-branded products, which is expected to contribute to revenue growth through the rest of the year.