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

T.KITS

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. By leveraging cutting-edge technologies and a relentless focus on customer delight, KITS aims to reshape the future of eyecare, making it accessible, affordable, and seamless for eyes everywhere.



Cannot view this video? Visit:
www.b-tv.com/post/earnings-report-kits-eyecare-driving-40-gross-profit-growth-in-2023-btv-60s

KITS Eyecare Ltd. (TSX: KITS)

https://ir.kits.com/overview/default.aspx

About BTV - Business Television:

For over 25 years, BTV has been a capital markets focused TV production and Digital Marketing Agency. BTV helps companies increase their brand awareness to a national retail and institutional investor audience, combining unique content creation and major distribution services on top tier networks including Bloomberg, CNBC, FOX Business News and financial sites. The BTV suite of strategic products include: BTV- Business Television Show, CEO Clips™, TV Branding Ads, Digital, Lead Gen, Social and Direct Email Marketing Campaigns that reach investors where they research and live on-air and online.

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www.b-tv.com/theagency

About CEO Clips:
CEO Clips - are short company video profiles broadcast to a large audience of investors on TV and 15+ financial sites including Reuters, Yahoo!Finance, and Wall Street Journal.

Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210041