Innovative Eyewear Inc. shares surged 62% to $2.63 Friday in the regular session after the company released an investor presentation Thursday. The stock was down 12% after hours to $2.31.

In the presentation, the company details "clear pathways to growth" and a "robust intellectual property portfolio."

Innovative Eyewear announced a Nautica licensing agreement on Monday. The company's technology efforts include a social media app called Vyrb, "which enables the user to receive and send posts through Lucyd Lyte smart glasses with your voice."

Write to Josh Beckerman at josh.beckerman@wsj.com

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