Q1 Revenue Grew Approximately 23% YOY to Over
Cash Position Remains Strong at Approximately
Select Preliminary First Quarter 2024 Financial Highlights
- Q1 2024 revenue grew to over
$34 million , representing a 23% year-over-year increase and a 7% increase sequentially. - Finished the quarter with a healthy cash balance of approximately
$18 million .
"Our business is off to a strong start in 2024," said
The Company looks forward to reporting its full first quarter 2024 results on
About KITS
KITS makes eyecare easy. KITS is a leading vertically integrated digital eyecare brand providing eyewear for eyes everywhere. We offer customers access to a vast selection of contact lenses and eyeglasses, including our own exclusive KITS designed products, as well as a robust suite of online vision tools. Our efficient digital platform, backed by our industry-leading manufacturing and designs, removes intermediaries, and enables us to offer great prices and deliver made to order personalized products with incredible care and accuracy. We are creating disruption in the industry by constantly pursuing cutting-edge technologies to enable the best customer experience, including online eyewear fitting tools, and virtual try-on for glasses. We strive to delight our customers with our competitive prices, a convenient digital shopping experience, fast and reliable delivery options, and an unrelenting focus on earning our customers' lifelong trust. For more information on KITS, visit: www.kits.com.
SOURCE KITS
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