KITS Eyecare Ltd. (TSX: KITS) announced selected preliminary unaudited results for its second quarter ended June 30, 2026, revealing record revenue and strong growth in its glasses segment. The vertically integrated eyecare provider reported total revenue of approximately $58.2 million, a 17.3% increase year-over-year.
Glasses Revenue Surges 50.6%
Glasses revenue expanded approximately 50.6% year-over-year to $10.8 million, driven by the company's advanced in-house lens manufacturing and digital fit experience powered by OpticianAI. This segment continues to be a key growth driver for KITS.
Adjusted EBITDA and Cash Position
Adjusted EBITDA exceeded $2.6 million, representing over 4.5% of revenue, reflecting improved operational efficiency. The company ended the quarter with a cash balance exceeding $27.3 million and no debt, underscoring strong cash generation.
"We are pleased with our preliminary second quarter results, which demonstrate continued momentum across our business," said KITS management in a statement. "Our focus on vertical integration and customer experience is driving record revenue and profitability."
Outlook and Conference Call
The company expects to report full second quarter 2026 results in early August 2026, with details of the conference call to be disclosed in the coming weeks. KITS continues to redefine eyecare through its digital platform, offering high-quality, affordable prescription glasses and contact lenses worldwide.
KITS (TSX: KITS) is one of the world's fastest-growing eyecare providers, with thousands of 5-star customer reviews and a vertically integrated model that includes advanced in-house lens manufacturing. The company's OpticianAI technology provides an industry-leading digital fit experience. Designed in Canada, KITS delivers globally.
Non-IFRS Financial Measures
This press release includes references to non-IFRS financial measures such as Constant Currency Revenue, EBITDA, Adjusted EBITDA, and Adjusted EBITDA margin percentage. These measures are used by management to evaluate operating performance and assist in business decision-making. They are not defined under IFRS and may not be comparable to similar measures used by other companies. Reconciliations to the nearest IFRS measures are available in the company's Management's Discussion and Analysis.
