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Add as a preferred source on GoogleKits Eyecare Posts Preliminary Q3 Revenue of $63.7 Million
Revenue rose 21.6% year over year, while glasses sales reached a record $11.3 million and cash climbed to approximately $30.6 million.
Kits Eyecare Ltd. posted preliminary third-quarter revenue of approximately $63.7 million, a 21.6% increase from a year earlier that pushed its annualized run rate above $250 million for the first time.
Glasses revenue grew 59.3% year over year to a record approximately $11.3 million. Preliminary adjusted EBITDA reached about $2.9 million, exceeding 4.5% of revenue.
Cash rose $3.2 million during the quarter to approximately $30.6 million. Kits Eyecare maintained a debt-free balance sheet.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.