Kits Eyecare Ltd., a leading vertically integrated eyecare provider, released on Thursday selected preliminary unaudited results for its second quarter ended June 30, saying total revenue increased 17.3% year-over-year to approximately $58.2 million.
Other results released include:
- Adjusted EBITDA exceeded $2.6 Million, or exceeding 4.5% of Revenue
- Adjusted EBITDA to exceed 4.5% of Revenue, or exceeding $2.6 million.
- Glasses Revenue expanded approximately 50.6% year-over-year to $10.8 million.
- Strong cash generation in the quarter drove the Company’s cash balance to exceed $27.3 million at the end of the quarter, and no debt.
The company said it will report its full second quarter 2026 results in early August.
In May, KITS reported that revenue in its first quarter increased by 23.3% to a record $57.5 million compared to $46.6 million. In constant currency, revenue increased by 27.0%. Gross profit increased by 37.5% to $23.5 million, or 40.9% of revenue, compared to $17.1 million, or 36.7% of revenue. Adjusted EBITDA margin was 7.2% at $4.1 million of Adjusted EBITDA, compared to 7.4% at $3.5 million of Adjusted EBITDA. Record Q1 glasses revenue of $10.8 million, increased 60.5% year-over-year; over 156,000 units delivered, increased by 50.0% year-over-year. Net Income increased by 23.2% to $2.0 million or $0.06 per share, compared to $1.6 million or $0.05 per share
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