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