Record Revenue Achievement
Kits Eyecare delivered record revenue of $52.4 million, up 25% year-over-year and 6% sequentially, marking the 12th consecutive quarter of positive adjusted EBITDA.
Strong Customer Growth
The company welcomed 99,000 new customers in Q3, surpassing 1 million active customers. New customer growth is up 37% year-to-date, showing accelerated awareness and adoption.
Increased Profitability and Margins
Adjusted EBITDA rose to $2.9 million, marking a 79% increase year-over-year, with gross margins expanding to 34.6%, up 170 basis points from last year.
Canadian Market Expansion
The Canadian business grew over 38% year-over-year, driven by strong repeat purchases and robust new customer acquisition.
Growth in Kits Branded Contact Lenses
Kits branded contact lenses grew 380% year-over-year, with gross margins exceeding 50%.