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.

Co-Founder and COO Joe Thompson will be Presenting at 8:40 a.m. ET to Highlight the Company's Growing Success with E-Commerce as Shoppers in the Optical Category Continue to Move Online

KITS Observes Optical Category Moving Online as KITS Eyeglasses Revenue Grows +36% YOY in Q1 2024, While Marketing Costs as a Percentage of Revenue Declined in the Quarter

Revenue Increased 26% Year-Over-Year to a Record $34.8 million

VANCOUVER, BC, May 2, 2024 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, will be presenting virtually at the 19th Annual Needham Technology, Media & Consumer Conference on May 16, 2024.

VANCOUVER, BC, April 23, 2024 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, will hold a conference call on Wednesday, May 8, 2024, at 9:00 a.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2024. The financial results will be reported in a press release prior to the conference call.

Former CFO of Clearly, Ibrahim Kamar, Alongside Accounting Veteran, Allen Zhu, Solidify the Strength of the Company's Finance and Accounting Team as KITS Enters Into its Next Growth Phase

VANCOUVER, BC, April 10, 2024 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, today announced Sabrina Liak, the Company's President, has decided to transition to a strategic advisory role effective June 30, 2024, with plans to pursue new opportunities. Roger Hardy will continue to lead KITS as Chairman and CEO. Sabrina will maintain her position as Co-founder and Director on KITS' Board of Directors, while also assuming the role of Senior Advisor.

Q1 Revenue Grew Approximately 23% YOY to Over $34 MillionCash Position Remains Strong at Approximately $18 Million

Vancouver, British Columbia--(Newsfile Corp. - April 2, 2024) - KITS Eyecare (TSX: KITS) announced today that it will be presenting at The 14th Annual LD Micro Invitational at the Sofitel New York on April 8th-9th, 2024. The event is expected to feature 80 companies presenting in half-hour increments, as well as private 1:1 meetings.

VANCOUVER, BC, March 18, 2024 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, announced that Zhe Choo, Senior Vice President of Finance, will become the Company's Chief Financial Officer, effective March 31, 2024.

VANCOUVER, BC, March 12, 2024 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, will be participating in the 36th Annual ROTH Conference being held March 17-19, 2024, at the Ritz-Carlton Laguna Niguel in Dana Point, California.

FY 2023 Revenue Increased by 32% Year-Over-Year to $120.5 million, with Q4 Revenue

VANCOUVER, BC, Feb. 20, 2024 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, will hold a conference call on Wednesday, March 6, 2024, at 9:00 a.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2023. The financial results will be reported in a press release prior to the conference call.

VANCOUVER, BC, Jan. 29, 2024 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, announced today the appointment of Jean Francois Jupille to the position of Director of User Experience.

VANCOUVER, BC, Jan. 12, 2024 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, will be virtually presenting at the 26th Annual Needham Growth Conference on January 16, 2024.

Vancouver, British Columbia--(Newsfile Corp. - December 15, 2023) - KITS Eyecare Ltd. (TSX: KITS) - a leader in digital eyecare, announced its Q3 results for 2023, marking a significant milestone in its growth trajectory. The company reported a 32% increase in revenue, reaching a record $31.2 million, up from $23.6 million in the previous year. Gross profit surged by 48% to $10.7 million, with a notable increase in gross margin to 34.3%. These achievements reflected KITS' successful strategy in enhancing customer experience and operational efficiency. Net income showed a remarkable improvement to $0.5 million, and adjusted EBITDA rose to $0.6 million, underscoring the company's robust financial health and its commitment to innovation and excellence in the digital eyecare sector.

KITS Generated Over $700,000 in Revenue from Cyber Monday, Representing a 44% Increase Compared to Cyber Monday 2022

New Milestone on Eyeglasses Revenue Driven by Strong Traction in New Collections and Returning Customers

VANCOUVER, BC, Nov. 15, 2023 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, will be attending the 3rd Annual Needham Consumer Tech and E-Commerce Virtual Conference on November 20, 2023.

Revenue increased 32% to $31.2 million compared to $23.6 million in the prior year

VANCOUVER, BC, Oct. 25, 2023 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, will hold a conference call on Wednesday, November 8, 2023, at 9:00 a.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2023. The financial results will be reported in a press release prior to the conference call.

Additional Capacity Added to Meet an Increase in Demand for Specialty Lenses; Expected to be Fully Operational by End of Q4 2023

Q3 Revenue Grew 30% YOY to Approximately $31 MillionCash Balance Remained Healthy Exceeding $19 Million

VANCOUVER, BC, Sept. 7, 2023 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, will attend the Lake Street BIG7 Best Ideas Growth Conference being held on Thursday, September 14, 2023, at the Yale Club in New York City. The Company's co-founder and COO, Joseph Thompson, will be holding one-on-one meetings throughout the event.

Revenue increased 38% to $30.0 million compared to $21.8 million in the prior year

VANCOUVER, BC, July 27, 2023 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, will hold a conference call on Wednesday, August 9, 2023, at 8:00 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2023. The financial results will be reported in a press release prior to the conference call.

Q2 Revenue Grew 38% YOY to Approximately $30 Million Cash Balance Remained Healthy at $19.8 Million

VANCOUVER, BC, June 9, 2023 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, today announced the voting results for the election of directors at its Annual and Special Meeting of Shareholders held yesterday.

VANCOUVER, BC, May 17, 2023 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, will be presenting at the 2023 RBC Capital Markets Consumer Day being held on June 8, 2023, at the Lotte New York Palace Hotel in New York, NY.

VANCOUVER, BC, May 11, 2023 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, will be presenting at the 18th Annual Needham Technology & Media Conference on May 17, 2023, at the Intercontinental Hotel in New York, NY.

38% Year-over-Year Revenue Growth in Q1; Strong Cash Balance  

VANCOUVER, BC, April 27, 2023 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, will hold a conference call on Wednesday, May 10, 2023, at 8:00 a.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2023. The financial results will be reported in a press release prior to the conference call.

Q1 Revenue of Approximately $27 Million and 34% Year-over-Year GrowthRepresents Third Consecutive Quarter of Accelerated Growth

Demonstrates KITS's Commitment to Promoting Gender Diversity and Female Leadership

VANCOUVER, BC, March 16, 2023 /CNW/ - Mr. Roger Hardy, Chairman and Chief Executive Officer of Kits Eyecare Ltd. ("KITS" or the "Company"), through a series of transactions that included open market buying over the facilities of the TSX and the exercise of restricted share rights, acquired an aggregate of 1,113,788 common shares (the "Common Shares") of KITS, which are held either directly, indirectly or are Common Shares which Mr. Hardy has control or direction (the "Acquisitions").

29% Year-over-Year Revenue Growth in Q4

KITS Co-Founder and COO Joseph Thompson to Hold Fireside Chat with ROTH Research Analyst Matt Koranda on March 14th at 1:30 p.m. PT

VANCOUVER, BC, Feb. 23, 2023 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), Canada's leading, vertically integrated eyecare platform, will hold a conference call on Thursday, March 9, 2023, at 4:30 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2022. The financial results will be reported in a press release prior to the conference call.

Revenue Growth Continued in Q4, Increasing 25% Year-over-Year and 9% Sequentially

VANCOUVER, BC, Jan. 4, 2023 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), Canada's leading, vertically integrated eyecare platform, will be presenting at the 25th Annual Needham Growth Conference on January 12, 2023, at the Lotte New York Palace Hotel in New York, NY.

VANCOUVER, BC, Dec. 19, 2022 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), Canada's leading, vertically integrated eyecare platform is proud to announce that it has become Certified™ by Great Place to Work® for the second year in a row. This certification is based on direct feedback from employees, provided as part of an extensive and anonymous survey about their experience working at KITS.

VANCOUVER, BC, Dec. 9, 2022 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), Canada's leading, vertically integrated eyecare platform, is proud to announce that Sabrina Liak, Co-founder, President, and Chief Financial Officer, has been awarded the 2022 Public Company CFO of the Year Award. Winners of BIV's BC CFO Awards have demonstrated exceptional corporate leadership of British Columbia companies and institutions pre, peak and post-pandemic. BIV will celebrate the 2022 CFO Award recipients at an in-person event on February 3, 2023.

VANCOUVER, BC, Nov. 10, 2022 /CNW/ - Kits Eyecare Ltd. (KITS) (TSX: KITS), Canada's fastest-growing direct-to-consumer eyeglasses manufacturer and digital eyecare brand will be attending the Roth 11th Annual Technology Event on November 16, 2022, at The Yale Club in New York City.

Momentum Continues with Q3 Revenue Increasing 18%, Eyeglasses Revenue Up 81% and Gross Profit Growing 39%

VANCOUVER, BC, Oct. 27, 2022 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a digital eyecare platform based in Vancouver, British Columbia today announced it will release its Q3 2022 financial results after the close on Wednesday, November 9, 2022. 

Onshore manufacturing facility also allows next-day delivery across North America

VANCOUVER, BC, Aug. 25, 2022 /CNW/ - Kits Eyecare Ltd. ("KITS" or the "Company") (TSX: KITS) is pleased to announce the Toronto Stock Exchange ("TSX") has accepted its notice of intention to make a normal course issuer bid ("NCIB") to purchase a portion of its common shares ("Common Shares").

A first-in-Canada user experience - KITS is partnering with Green Shield Canada to help their millions of plan members maximize benefits coverage with an exclusive integrated and seamless customer experience.

VANCOUVER, BC, Aug. 15, 2022 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a digital eyecare platform today announced the appointment of Sabrina Liak to President of KITS Eyecare Ltd., adding to her existing role as Chief Financial Officer.

Delivers Positive Cash Flow from Operations of $2.3 million and Positive EBITDA

VANCOUVER, BC, July 25, 2022 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a digital eyecare platform based in Vancouver, British Columbia today announced it will release its Q2 2022 financial results after the close on Thursday, August 11, 2022. 

VANCOUVER, BC, July 22, 2022 /CNW/ - Kits Eyecare Ltd. (KITS) (TSX: KITS). In Q2 2022, KITS delivered more than 74,000 pairs of eyeglasses. Our focus on building a meaningful eyeglasses business continued in Q2 2022 as eyeglasses delivered increased more than 70% per cent year over year. We achieved this while reducing marketing spend on eyeglasses compared to Q2 2021. Customer satisfaction metrics and online reviews continued to be category leading and drove the increase in eyeglasses orders.

VANCOUVER, BC, June 9, 2022 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a rapidly growing, vertically integrated eyecare platform, today announced the voting results for the election of directors at its Annual Meeting of Shareholders held earlier today. 

VANCOUVER, BC, June 7, 2022 /CNW/ - Kits Eyecare Ltd. (KITS) (TSX: KITS). In May 2022, we manufactured and delivered more than 31,000 pairs of eyeglasses. This represents a new monthly record for KITS and is more than double the 15,000 pairs of eyeglasses that were manufactured and delivered in May 2021.  

VANCOUVER, BC, May 11, 2022 /CNW/ - Kits Eyecare Ltd. (KITS) (TSX: KITS), a leading direct-to-consumer glasses manufacturer and digital eyecare provider has released its financial results for the first quarter of 2022.

VANCOUVER, BC, May 2, 2022 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a digital eyecare platform based in Vancouver, British Columbia today announced it will release its Q1 2022 financial results after the close on Wednesday, May 11, 2022. 

Benchmark of executive gender diversity awards the top public companies in Canada out of 500 nominees

VANCOUVER, BC, April 20, 2022 /CNW/ - Kits Eyecare Ltd. (KITS) (TSX: KITS). In Q1 2022, KITS delivered over 46,000 eyeglasses orders to patients, and 148,000 total eyecare orders to patients despite supply chain headwinds. Our focus on growing our eyeglasses business continued as revenue from eyeglasses delivered in Q1 2022 increased approximately 60% year over year, while reducing marketing spend.

VANCOUVER, BC, March 9, 2022 /CNW/ - Kits Eyecare Ltd. (KITS) (TSX: KITS), a leading direct-to-consumer glasses manufacturer and digital eyecare provider has released its financial results for Fiscal Year 2021 and the fourth quarter of 2021.

VANCOUVER, BC, March 1, 2022 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a digital eyecare platform based in Vancouver, British Columbia today announced it will release its fourth quarter and fiscal year 2021 (year ended December 31, 2021) financial results after the close on Tuesday, March 9, 2022. 

KITS offers high quality eyewear at tremendous value to Sun Life clients.

VANCOUVER, BC, Jan. 19, 2022 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) (OTC: KTYCF) ("KITS" or the "Company"), a digital eyecare platform based in Vancouver, British Columbia today announced it will participate in the 5th Annual D. A. Davidson & Co. Consumer Growth Conference on March 10th, 2022, in New York.  

VANCOUVER, BC, Jan. 11, 2022 /CNW/ - Kits Eyecare Ltd. (KITS) (TSX: KITS). In Q4 2021, we delivered 50,000 eyeglasses to patients, and 156,000 total eyecare orders to patients.  In 2021 we delivered 163,000 eyeglasses to patients, and 640,000 total eyecare orders to patients.  Cash on hand at the end of Q4 exceeded $20,000,000.  We are happy to achieve another record level of eyeglasses delivered, including over 2,500 digital progressive eyeglasses orders delivered in Q4, despite a difficult supply chain environment.  We would like to thank our customers, employees, suppliers, shareholders,

With this milestone, KITS distributes eye vitamins to an additional 40,000 children in need.

Glasses Deliveries Increase 522% to 112,000 Pairs

VANCOUVER, BC, Oct. 29, 2021 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a digital eyecare platform based in Vancouver, British Columbia today announced it will release its Q3 2021 financial results after the close on Monday, November 15, 2021. 

Online health platform partners with North America's leading online eyecare company to provide health and vision care to more Canadians

VANCOUVER, BC, Aug. 12, 2021 /CNW/ - Kits Eyecare Ltd. (KITS) (TSX: KITS) (OTCQX: KTYCF), a digital eyecare platform inspired by the beauty of Kits beach, where the Pacific Ocean meets the rainforest and snow covered mountains of Vancouver, British Columbia has released its financial results for the second quarter of 2021.

VANCOUVER, BC, Aug. 3, 2021 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a digital eyecare platform based in Vancouver, British Columbia today announced it will release its Q2 2021 financial results after the close on Thursday, August 12, 2021. 

VANCOUVER, BC, June 30, 2021 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) (OTCQX: KTYCF) ("KITS" or the "Company"), a rapidly growing, vertically integrated eyecare platform, today announced the voting results for the election of directors at its Annual Meeting of Shareholders held earlier today. 

Open 24 hours a day, 7 days a week and accessible from anywhere, KITS Eyecare offers immediate access to high quality eyeglasses, contact lenses and online vision tools

Adds leadership in marketing and technology, including launch of CIO position, as growth continues

VANCOUVER, BC, May 13, 2021 /CNW/ - Kits Eyecare Ltd. (KITS) (TSX: KITS) (OTCQX: KTYCF), a rapidly growing, vertically integrated, digitally native eyecare platform, has released its financial results for the first quarter of 2021.

VANCOUVER, BC, May 7, 2021 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) (OTCQX: KTYCF) ("KITS" or the "Company"), a rapidly growing, vertically integrated, digitally native eyecare platform, today announced it has been approved for immediate trading on the OTCQX®  Best Market ("OTCQX"), the top tier of the OTC Markets. Shares of the company were upgraded to OTCQX from the Pink® market.

VANCOUVER, BC, May 6, 2021 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a digital eyecare platform based in Vancouver, British Columbia today announced it will release its Q1 2021 financial results after the close on Thursday, May 13, 2021. 

VANCOUVER, BC, April 22, 2021 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) (OTC PINK: KTYCF) ("KITS" or the "Company"), a rapidly growing, vertically integrated, digitally native eyecare platform, today announced that its management team will be presenting at the CIBC 'Retail & Consumer E-commerce and Emerging Growth Conference' virtually held on Thursday, April 29, 2021. This conference will bring together a select group of Canada's most exciting e-commerce and high growth Retail & Consumer companies.

Total patient orders delivered increased 73% to 157,000 in Q1 2021 from 91,000 in Q1 2020 41,000 eyeglass patient orders delivered doubled sequentially in Q1 2021 from Q4 2020, and increased from 1,000 orders delivered in Q1 2020 VANCOUVER, BC, April 8, 2021 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) (OTC PINK: KTYCF) ("KITS" or the "Company"), a rapidly growing, vertically integrated, digitally native eyecare platform, today announced it achieved 73% annual growth in total orders in the first quarter of 2021.  Total orders delivered increased to 157,000 in Q1 2021 from 91,00

Collaboration marks another step in KITS' plan to develop an ambitious Environmental, Social and Corporate Governance strategy that includes zero footprint frames

VANCOUVER, BC, March 22, 2021 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a rapidly growing, vertically integrated, digitally native eyecare platform, today announced that the Company's management team will be participating in the Canaccord Genuity eCommerce Sustainable Advantage Forum being held virtually on Wednesday, March 24, 2021. 

VANCOUVER, BC, March 15, 2021 /CNW/ - Kits Eyecare, Ltd. (TSX: KITS), a rapidly growing, vertically integrated, digitally native eyecare platform, has released its financial results for the fourth quarter and fiscal year 2020 ended December 31, 2020.

VANCOUVER, BC, March 11, 2021 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a rapidly growing, vertically integrated, digitally native eyecare platform, today announced that its management team will be participating in the 33rd Annual Roth Conference being virtually held between March 15 and March 17. Roth's flagship three-day investor conference will bring together senior executives from more than 400 private and public companies as well as thousands of investors from around the globe.

VANCOUVER, BC, March 9, 2021 /CNW/ - KITS Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a digital eyecare platform based in Vancouver, British Columbia today announced it will release its Q4 2020 financial results after the close on Monday, March 15, 2021.  The company will hold a conference call on Tuesday, March 16, 2021.

TORONTO, Feb. 26, 2021 /CNW/ - Roger Hardy, Co-Founder & CEO, KITS Eyecare Ltd. (TSX: KITS), shares his company's story in an interview with TMX Group.

KITS produces high quality, stylish glasses in as little as 10 minutes, delivered in days not weeks at less than half the price of industry averages

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Toronto Stock Exchange, TSX Venture Exchange

TORONTO, Jan. 19, 2021 /CNW/ - Roger Hardy, Chief Executive Officer, KITS Eyecare Ltd. ("KITS" or the "Company") (TSX: KITS) and his team joined David Chelich, Sector Head, Global Energy and Diversified Industries, TMX Group and Chris Birkett, Managing Director, Toronto Stock Exchange to celebrate the Company's new listing on Toronto Stock Exchange and open the market.

TORONTO, Jan. 19, 2021 /CNW/ - Trading resumes in:

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TORONTO, Jan. 19, 2021 /CNW/ - The following issues have been halted by IIROC: