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The latest update is out from Kits Eyecare ( (TSE:KITS) ).
Kits Eyecare reported record 2025 results, with annual revenue rising 27.1% to $202.5 million, gross margin expanding to 35.6%, and adjusted EBITDA climbing 82.6% to $11.7 million while delivering over 426,000 pairs of glasses. The company achieved its 13th consecutive quarter of positive adjusted EBITDA, surpassed one million active customers, generated $11.5 million in operating cash flow, and highlighted strong eyeglasses growth and repeat-order dynamics that reinforce its technology-led, vertically integrated model and support its strategy to scale both digital and physical channels.
In the fourth quarter, revenue grew 20.2% to $53.9 million, driven by record glasses revenue of $8.7 million and strong Black Friday and Cyber Monday sales, while maintaining profitability with $2.8 million in adjusted EBITDA and $0.3 million in net income. Management emphasized that new platforms such as OpticianAI and AI-driven smart glasses, combined with a de-risked balance sheet and additional showrooms, are broadening its competitive moat and positioning the company to create additional value for customers and shareholders.
The most recent analyst rating on (TSE:KITS) stock is a Buy with a C$25.00 price target. To see the full list of analyst forecasts on Kits Eyecare stock, see the TSE:KITS Stock Forecast page.
Spark’s Take on TSE:KITS Stock
According to Spark, TipRanks’ AI Analyst, TSE:KITS is a Outperform.
Kits Eyecare’s strong financial performance and positive technical indicators are the most significant factors driving the score. The high P/E ratio suggests caution in valuation, but the company’s robust earnings call performance and growth prospects provide a solid foundation for future growth.
To see Spark’s full report on TSE:KITS stock, click here.
More about Kits Eyecare
Kits Eyecare Ltd. is a vertically integrated eyecare provider that operates as a technology-driven optical retailer focused on digital vision care. The company sells contact lenses and eyeglasses, leverages a recurring-revenue customer base, and is expanding with AI tools like OpticianAI and smart glasses alongside a growing physical showroom footprint.
Average Trading Volume: 87,652
Technical Sentiment Signal: Buy
Current Market Cap: C$563.1M
See more insights into KITS stock on TipRanks’ Stock Analysis page.