04:49 PM EST, 11/06/2025 (MT Newswires) -- Kits Eyecare ( KTYCF ) said on Thursday its third-quarter net income surged on strong revenue growth and improved operational efficiencies.

The company said its profit rose to $1.9 million, or $0.06 per share, in the quarter, up from $0.1 million, or nil, a year earlier, and beat the $0.04 estimate compiled by FactSet.

Revenue rose 25.% year over year to a record $52.4 million from $41.9 million, slightly below the $52.7 million consensus.

Kits said it expects fourth-quarter revenue of $52 million to $54 million and adjusted EBITDA margin of 4% to 6%. The company plans to appoint a chief marketing officer in early 2026 to support its long-term growth strategy.

"We're adding new customers at a record pace, expanding margins, and seeing customers in both glasses and contact lenses return at record levels," said chief executive Roger Hardy. "Making eyecare easy has been a lot of fun this quarter as the team delivered exceptional results across the board for customers and shareholders."

Shares of the company closed down $0.57 to $12.61 on Toronto Stock Exchange.