The company, which has now given away 10 million pairs of glasses to people in need, saw sales rise last year, but is working on earnings.
Those strong results, however, are still centered on the top line as the company builds for the future, expanding last year with a net 35 new stores, making for a total of 161 doors.
For all of 2021, net losses expanded to $157.4 million, or $2.21 a share, from $55.9 million, or $1.05, in 2020. Sales for the year grew 37.4 percent to $540.8 million from $393.7 million in 2020. . Gilboa said: “Twenty-twenty-one was a record year forThe company’s adjusted earnings before interest, taxes, depreciation and amortization margin grew to 4.6 percent, up from 1.9 percent in 2020.
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