11:45 AM EDT, 08/07/2024 (MT Newswires) -- KITS Eyecare ( KTYCF ) on Wednesday said it swung to a profit in the second-quarter as revenue jumped 26% to a record.

The on-line eyeglasses company said its second-quarter came in at $187,000, or $0.01 per share, swinging from a loss of $1.2 million, or $0.04, in the year-prior period.

Revenue rose to $37.9 million from $30 million. Adjusted EBITDA tripled to $1.3 million from $513,000.

"Once again we are leading the category in growth providing record revenue, at the high end of our range, led by our Canadian business which grew 47%, while our overall business accelerated to 26% growth year over year," said chief executive Roger Hardy.

For the third quarter, revenue is expected to be in the range of $39 million to $41 million.

KITS shares were last seen up $0.32 to $9.65 on the Toronto Stock Exchange.

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