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Year on year Innovative Eyewear Inc had net income fall 17.28% from a loss of 5.68m to a larger loss of 6.66m despite a 74.67% increase in revenues from 659.79k to 1.15m. An increase in the cost of goods sold as a percentage of sales from 108.53% to 110.35% was a component in the falling net income despite rising revenues.
| Gross margin | -2.46% |
|---|---|
| Net profit margin | -514.10% |
| Operating margin | -528.26% |
| Return on assets | -91.45% |
|---|---|
| Return on equity | -96.53% |
| Return on investment | -96.06% |
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