Financial PerformanceGross margin of 17.9% was above the 10% estimate and expanded from 1.8% in the previous quarter and negative in the prior year.
Partnership And DistributionLUCY has shifted focus to distribution in large optical retail; the company noted its partnership with Windsor Eyes, announced in April, kicked off with introductions into three new eyewear retailers.
Product Launch And InnovationLUCY announced the launch of its products under the Eddie Bauer brand and discussed its strategy to grow demand at Maxim Group's Virtual TMT.