07:14 AM EST, 03/05/2025 (MT Newswires) -- Kits Eyecare ( KTYCF ) on Wednesday reported a fourth-quarter swing to profit as revenue jumped 42%.
The online eyewear retailer said net income was $2.7 million or $0.08 per share, compared with a net loss of $0.5 million, or $0.02 per share, in the prior year period.
Revenue surged 42% to $44.8 million, helped by greater recognition of the Kits brand and strong customer demand, operational efficiencies, and strategic initiatives. The company said glasses revenue increased by 60% to a record $6.5 million in the quarter.
Kits is guiding to first-quarter revenue of $46 million to $48 million.
"2024 was another record-setting year for KITS as we continued to build momentum and strengthen our leadership in the eyewear category," said chief executive Roger Hardy. "The fourth quarter was a standout, with multiple record-breaking sales weeks and a major milestone of our first 1 million pairs of glasses delivered."