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KITS Eyecare Reports Preliminary Second Quarter 2024 Results

Q2 Revenue Grew 25% YOY to Approximately $37.5 millionQ2 Adjusted EBITDA Improved to over 3% of RevenueCash Position Remains Strong at over $19.0 Million VANCOUVER, BC, July 3, 2024 /CNW/ - KITS Eyecare Ltd. (TSX:KITS) ("KITS" or the "Company"), the leading vertically integrated eyecare provider, is providing selected preliminary unaudited results for its second quarter ended June 30, 2024. Select Preliminary Second Quarter 2024 Financial Highlights Total revenue grew 25% year-over-year to approximately $37.5 million Adjusted EBITDA increased year-over-year to over 3% of Revenue. Finished the quarter with a healthy cash balance over $19.0 million. "We are delighted to share another record quarter for the KITS business, including our seventh consecutive quarter of positive adjusted EBITDA and revenue growth at over 5x the industry average," said Roger Hardy, Co-Founder and CEO of KITS. "Leading the way was our glasses business. Growth continued to be fueled ...