Warby ParkerFriday’s report showed that revenue for the third quarter rose by 32% compared to last year, however sales suffered from increased costs due to direct listing and stock-based payments.

Premarket trading saw no change in the shares of eyeglass maker Warby following its first financial report. The direct listing made it public on New York Stock Exchange. on Sept. 29

Warby’s three-month net loss ended September 30th was $91.1 million or $1.45 per shares, as compared to a loss in the same period last year of $41.6million or 78cs per share.

From $104.1 million, revenue grew by 32% to $137.4million. Two-year sales increased by 45%

Active customers were 2.15 Million, an increase of 23% over 2020.

Warby projects revenue of $539.5 to $542 million for the year. That’s a 38% leap over the previous year and 46% increase on a 2-year basis.

This company still plans to open 35 more stores by the end the year. It will bring its total to 161 locations.

Warby shares were closed at $53.51, almost 1% below its previous closing price. opening trade price of $54.05

Warby Parker has released the earnings press release here

This is a developing story. Keep checking back for more updates.