Warby Parker Reveals Widening Losses In Filing To Go Public

Warby Parker has either lost money or broken even for the past three years, the company revealed in a Securities and Exchange Commission filing to go public late Tuesday. The popular eyeglass brand — which is known for its fashionable and cheap eyewear — has seen losses grow alongside revenue, according to financials that were publicly detailed for the first time in its SEC filing. The company’s net revenue grew from $272.9 million in 2018 to $370.5 million in 2019 and $393.7 million last year. At the same time, Warby Parker reported a net loss of $22.9 million in 2018 and $55.9 million last year. The spectacles shop broke even in 2019. Warby Parker has continued to bleed money this year, losing $7.3 million in the six months ending June 30, according to the filing. Read more at New York Post.