Tekcapital plc

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TEK

GB00BKXGY798

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 11:35:00 2024-09-06 am EDT			5-day change	1st Jan Change
7.250 ^GBX	-2.03%		-3.33%	+11.54%

Sep. 05	Tekcapital announces Innovative Eyewear's Middle East expansion	AN
Aug. 13	Tekcapital notes 82% quarterly revenue surge by Innovative Eyewear	AN

Tekcapital notes 82% quarterly revenue surge by Innovative Eyewear

August 13, 2024 at 09:30 am EDT

(Alliance News) - Tekcapital PLC on Tuesday noted that Innovative Eyewear Inc reported a jump in quarterly revenue.

The London-based intellectual property investor said Innovative Eyewear Inc reported an 82% quarter-on-quarter jump in revenue in the second quarter of 2024, to USD308,682. It was more than doubled compared to the second quarter of 2023.

Tekcapital has a stake of around 17% in Innovative Eyewear.

"These year-over-year increases were primarily attributable to significant volume growth in the ecommerce channel, driven by Innovative Eyewear's strategic advertising and marketing initiatives implemented during the latter portion of 2023 and through the current period, combined with recent new product launches," Tekcapital noted.

The company added that during the quarter, Innovative Eyewear announced its first-to-market voice interface for ChatGPT via the launch of a Bixby app called Lucy to enable handsfree ChatGPT access on its glasses for Samsung users.

Tekcapital shares rose 6.7% to 7.58 pence each on Tuesday afternoon in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
SAMSUNG ELECTRONICS CO., LTD.	68,900.00 KRW	-0.14%	-7.27%	344B
MICROSOFT CORPORATION	401.70 USD	-1.64%	-3.70%	2,986B
TEKCAPITAL PLC	7.250 GBX	-2.03%	-3.33%	18.9M
INNOVATIVE EYEWEAR, INC.	4.500 USD	-6.44%	-10.54%	7.07M

Latest news about Tekcapital plc

Tekcapital announces Innovative Eyewear's Middle East expansion	Sep. 05	AN
Tekcapital notes 82% quarterly revenue surge by Innovative Eyewear	Aug. 13	AN
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Earnings Flash (TEK.L) TEKCAPITAL Reports FY23 Revenue $735,265	May. 22	MT
Earnings Flash (TEK.L) TEKCAPITAL Reports FY23 Loss $-0.09	May. 22	MT
Tekcapital plc Reports Earnings Results for the Full Year Ended December 31, 2023	May. 22	CI
EARNINGS AND TRADING: ECO Animal revenue up; Zephyr starts drilling	Apr. 25	AN
Tekcapital firm Innovative Eyewear hires Micah Richards as brand rep	Apr. 18	AN
Tekcapital says Innovative Eyewear strikes deal for US distribution	Apr. 17	AN
Tekcapital investee partners with autonomous vehicle developer	Apr. 05	AN
Tekcapital Raises GBP2 Million via Share Placing, Subscription	Feb. 29	MT
Tekcapital raises GBP2 million through placing and subscription	Feb. 29	AN
Coro seals sale terms, Powerhouse makes good progress	Feb. 19	AN
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MicroSalt shares jump after IPO but investor Tekcapital falls	Feb. 01	AN
Tekcapital shares fall but "excited" as MicroSalt completes IPO	Feb. 01	AN
Tekcapital investee MicroSalt to IPO this week	Jan. 29	AN
Tekcapital raises GBP570,000 via sale of Belluscura shares	Jan. 24	AN
UK Investment Group Tekcapital Cuts Stake in Medical Device Company Belluscura	Jan. 24	MT
Tekcapital plc Announces Loan Agreement with Innovative Eyewear Inc and Tekcapital Europe Ltd	Jan. 12	CI
Tekcapital receives notices of allowance for eyewear patents	Jan. 11	AN

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Company Profile

Tekcapital plc is a United Kingdom-based intellectual property investment company. The Company provides university and corporate clients with valuable technology transfer services. The Company is also engaged in acquiring exclusive licenses to university technologies that it believes impact peopleâs lives, for subsequent commercialization. Its investment objective is to achieve long-term growth of net assets and returns on invested capital through the commercialization of university discoveries that can positively impact on people's lives. Its segments are professional services, and licensing and investment activities. Professional services include the provision of recruitment services through Vortechs Group, provision of invention evaluator services, as well as research and development (R&D) tax relief credits and provision of management services to its portfolio companies. Licensing and investment activities acquire licenses for technologies, development, and commercialization.

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Investment Management & Fund Operators

Calendar

2025-05-21 - Q4 2024 Earnings Release (Projected)

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