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Kits Eyecare (TSE:KITS)
TSX:KITS
Holding TSE:KITS?
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
C$0.02Last Year’s EPS
-C$0.02Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -15.70%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlights significant growth in revenue, customer engagement, and operational efficiency, with strong performance in both U.S. and Canadian markets. Product innovation and expanded offerings further support a positive outlook. The only notable challenge is the increase in customer acquisition costs.Company Guidance
During the Q3 2024 earnings call for Kits Eye Care, the company provided guidance for the upcoming quarter, projecting revenue between $43 million and $45 million, with an adjusted EBITDA margin target of 3% to 5%. This reflects a significant increase from the nearly $42 million in revenue achieved in Q3, which represented a 34% organic year-over-year growth. Kits Eye Care exceeded its previous guidance, which anticipated Q3 revenue between $39 million and $41 million, and an EBITDA margin of 3% to 5%, by delivering a 3.8% adjusted EBITDA or $1.6 million. The company reported a net income of $0.1 million and earnings per share of $0.01, while generating $2.2 million in positive cash flow from operations. Additionally, Kits reduced its debt principal by $1 million, maintaining a low debt balance with over $19 million in cash reserves. The Q3 results were driven by record performances in contact lens and eyeglasses sales, with the latter seeing a 43% year-over-year increase, and strong growth in both U.S. and Canadian markets.Record Quarterly Revenue and Customer Engagement
Achieved nearly $42 million in revenue for the quarter, equating to 34% organic year-over-year growth and an annual revenue run rate of over $167 million.
Eight Consecutive Quarters of Positive Adjusted EBITDA
Reported an adjusted EBITDA of 3.8% or $1.6 million, with net income of $0.1 million and earnings per share of $0.01.
Significant Growth in Contact Lens and Eyeglasses Segments
Record $36 million in contact lens sales and the eyeglasses segment increased by 43% year-over-year.
Strong Performance in the U.S. and Canadian Markets
U.S. business grew by a record 39% year-over-year, and Canadian business achieved a 24% growth rate.
Improved Operational Efficiency
Fulfillment expenses reduced by 180 basis points, and G&A expenses improved to 6.2% of sales.
Expansion of Product Lines and Innovation
Launched 190 new styles of glasses and expanded the Kits Daily Silicone Hydrogel line to include color contacts.
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TSE:KITS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:KITS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$10.00 | C$9.79 | -2.10% |
| Aug 07, 2024 | C$9.33 | C$9.80 | +5.04% |
| May 08, 2024 | C$5.72 | C$6.24 | +9.09% |
| Mar 06, 2024 | C$6.42 | C$6.38 | -0.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kits Eyecare (TSE:KITS) report earnings?
Kits Eyecare (TSE:KITS) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Kits Eyecare (TSE:KITS) earnings time?
Kits Eyecare (TSE:KITS) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:KITS EPS forecast?
TSE:KITS EPS forecast for the fiscal quarter 2024 (Q4) is C$0.02.
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