VIDEO - Earning Report - KITS Eyecare: Driving 40% Gross Profit Growth in 2023

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Vancouver, British Columbia--(Newsfile Corp. - May 22, 2024) - KITS Eyecare Ltd. (TSX: KITS) - The digital eyecare platform, continues to revolutionize the optical industry with its exceptional growth and commitment to customer satisfaction. Boasting a remarkable revenue increase of 32% year-over-year in calendar year 2023, growth has continued in 2024 with Q1 revenue increasing 26% year-over-year. Gross profit in 2023 also surged 40% year-over-year, reaching $40.8 million. With results through Q1 2024, KITS has now achieved this industry leading growth with positive adjusted EBITDA over the past 6 quarters, demonstrating its unrivaled momentum in the industry. By leveraging cutting-edge technologies and a relentless focus on customer delight, KITS aims to reshape the future of eyecare, making it accessible, affordable, and seamless for eyes everywhere.



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KITS Eyecare Ltd. (TSX: KITS)

https://ir.kits.com/overview/default.aspx

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Contact: Trina Schlingmann (604) 664-7401 x 5 [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210041

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