Kits Eyecare ( (TSE:KITS) ) just unveiled an announcement.
Kits Eyecare Ltd. reported a significant increase in revenue and profitability for the fourth quarter and full year 2024, with Q4 revenue rising by 42% year-over-year to $44.8 million and full-year revenue up by 32% to $159.3 million. The company achieved its ninth consecutive quarter of positive adjusted EBITDA, highlighting its strong business growth and market position. The management attributes this success to a focus on customer experience and growing demand for the KITS brand, with a notable milestone of delivering 1 million pairs of glasses.
More about Kits Eyecare
Kits Eyecare Ltd. is a leading vertically integrated eyecare provider, focusing on delivering eyewear products. The company is known for its emphasis on customer experience and quality, which has helped it strengthen its leadership in the eyewear category.
YTD Price Performance: 4.82%
Average Trading Volume: 46,911
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$278.2M
Learn more about KITS stock on TipRanks’ Stock Analysis page.