Kits Eyecare Ltd. (TSE:KITS) has released an update.
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KITS Eyecare Ltd. has announced a strong financial performance for both the fourth quarter and the full year of 2023, showcasing a 21% and 32% increase in revenue for the respective periods, alongside significant improvements in gross margin and adjusted EBITDA. The company has achieved its fifth consecutive quarter of positive adjusted EBITDA, with both annual and quarterly gross profits also experiencing substantial growth. These results reflect KITS’ ongoing commitment to enhancing customer experience and operational efficiency, positioning them for continued momentum into 2024.
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