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Kits Eyecare Reports Preliminary Second Quarter 2024 Results

KITS Eyecare is providing selected preliminary unaudited results for its second quarter ended June 30, 2024.

Select Preliminary Second Quarter 2024 Financial Highlights

  • Total revenue grew 25% year-over-year to approximately $37.5 million
  • Adjusted EBITDA increased year-over-year to over 3% of Revenue.
  • Finished the quarter with a healthy cash balance over $19.0 million.

“We are delighted to share another record quarter for the KITS business, including our seventh consecutive quarter of positive adjusted EBITDA and revenue growth at over 5x the industry average,” said Roger Hardy, Co-Founder and CEO of KITS. “Leading the way was our glasses business. Growth continued to be fuelled by customers sharing their experiences with friends and family about the truly better way to buy eyewear and see the world.”

The Company looks forward to reporting its full second quarter 2024 results in early August 2024. Details for the second quarter 2024 conference call will be disclosed in the coming weeks.

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