Balance Sheet Kits Eyecare Ltd.

Stocks

KITS

CA49804N1042

Other Specialty Retailers

Delayed Toronto S.E. Other stock markets 19:12:50 11/06/2026 +03			5-day change	1st Jan Change
14.47 ^CAD	+8.47%		+2.99%	-21.06%

06-01	Kits Eyecare Announces TSX Acceptance of Normal Course Issuer Bid	MT
06-01	Kits Eyecare Ltd. announces an Equity Buyback for 1,695,313 shares, representing 5% of its issued share capital.	CI

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Published financial data: KITS EYECARE LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	82.4M	91.64M	121M	159M	202M
Total Revenues	82.4M	91.64M	121M	159M	202M
Cost of Goods Sold, Total	61.51M	62.39M	79.72M	106M	130M
Gross Profit	20.89M	29.25M	40.79M	53.64M	72.1M
Selling General & Admin Expenses, Total	35.56M	33.64M	40.09M	49.72M	63.02M
Depreciation & Amortization - (IS)	2.38M	2.3M	2.14M	1.17M	825K
Other Operating Expenses, Total	37.94M	35.94M	42.22M	50.89M	63.84M
Operating Income	-17.04M	-6.7M	-1.43M	2.75M	8.26M
Interest Expense, Total	-1.49M	-1.63M	-1.56M	-1.2M	-673K
Interest And Investment Income	67K	107K	585K	580K	210K
Net Interest Expenses	-1.42M	-1.52M	-975K	-619K	-463K
Currency Exchange Gains (Loss)	-	2.34M	-950K	2.67M	-1.79M
Other Non Operating Income (Expenses)	-	-	466K	-356K	163K
EBT, Excl. Unusual Items	-18.47M	-5.88M	-2.89M	4.45M	6.18M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-1.13M
Other Unusual Items	-375K	-	-	-	-
EBT, Incl. Unusual Items	-18.84M	-5.88M	-2.89M	4.45M	5.05M
Income Tax Expense	-4.23M	-1.32M	-676K	1.34M	1.94M
Earnings From Continuing Operations	-14.62M	-4.55M	-2.22M	3.12M	3.11M
Net Income to Company	-14.62M	-4.55M	-2.22M	3.12M	3.11M
Net Income - (IS)	-14.62M	-4.55M	-2.22M	3.12M	3.11M
Net Income to Common Incl Extra Items	-14.62M	-4.55M	-2.22M	3.12M	3.11M
Net Income to Common Excl. Extra Items	-14.62M	-4.55M	-2.22M	3.12M	3.11M
Per Share Items
Net EPS - Basic	-0.49	-0.15	-0.07	0.1	0.1
Basic EPS - Continuing Operations	-0.49	-0.15	-0.07	0.1	0.1
Basic Weighted Average Shares Outstanding	30.13M	31.27M	31.39M	31.52M	32.05M
Net EPS - Diluted	-0.49	-0.15	-0.07	0.09	0.09
Diluted EPS - Continuing Operations	-0.49	-0.15	-0.07	0.09	0.09
Diluted Weighted Average Shares Outstanding	30.13M	31.27M	31.39M	33.75M	33.95M
Normalized Basic EPS	-0.38	-0.12	-0.06	0.09	0.12
Normalized Diluted EPS	-0.38	-0.12	-0.06	0.08	0.11
Supplemental Items
EBITDA	-15.22M	-4.35M	843K	4.5M	9.66M
EBITA	-15.8M	-5.4M	-87K	3.11M	8.26M
EBIT	-17.04M	-6.7M	-1.43M	2.75M	8.26M
EBITDAR	-15.02M	-4.16M	967K	4.84M	10.09M
Effective Tax Rate - (Ratio)	22.43	22.53	23.38	29.99	38.38
Total Current Taxes	-519K	30K	-	3K	11K
Total Deferred Taxes	-3.71M	-1.35M	-676K	1.33M	1.93M
Normalized Net Income	-11.54M	-3.67M	-1.81M	2.78M	3.86M
Interest on Long-Term Debt	1.37M	1.63M	1.56M	1.2M	673K
Supplemental Operating Expense Items
Marketing Expenses	15.47M	12.93M	16.83M	21.76M	29.98M
Selling and Marketing Expenses	15.52M	12.96M	16.86M	21.76M	29.98M
General and Administrative Expenses	8.37M	7.91M	7.92M	9.99M	11.38M
Research And Development Expense From Footnotes	817K	681K	817K	1.24M	1.49M
Net Rental Expense, Total	203K	190K	124K	342K	438K
Imputed Operating Lease Interest Expense	81.58K	117K	88.86K	234K	166K
Imputed Operating Lease Depreciation	121K	73K	35.14K	108K	272K
Stock-Based Comp., S&M Exp. (Total)	48K	25K	37K	-4K	-
Stock-Based Comp., G&A Exp. (Total)	1.4M	1.2M	444K	957K	1.02M
Stock-Based Comp., SG&A Exp. (Total)	63K	92K	32K	12K	2K
Stock-Based Comp., Other (Total)	-	-	-	-	69K
Total Stock-Based Compensation	1.52M	1.32M	513K	965K	1.09M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	20.5M	18.79M	16.04M	19.27M	29.82M
Trading Asset Securities, Total	-	-	-	-	3.86M
Total Cash And Short Term Investments	20.5M	18.79M	16.04M	19.27M	33.67M
Accounts Receivable, Total	440K	850K	1.69M	2.2M	2.22M
Other Receivables	421K	67K	115K	332K	146K
Total Receivables	861K	917K	1.8M	2.53M	2.36M
Inventory	13.48M	16.41M	15.41M	22.49M	23.67M
Prepaid Expenses	860K	877K	728K	787K	980K
Total Current Assets	35.71M	37M	33.98M	45.08M	60.69M
Gross Property Plant And Equipment	12.22M	13.31M	13.55M	18.55M	18.71M
Accumulated Depreciation	-1.28M	-3.28M	-4.9M	-7.69M	-9.59M
Net Property Plant And Equipment	10.93M	10.04M	8.65M	10.86M	9.12M
Goodwill	36.29M	38.77M	37.86M	41.19M	39.23M
Other Intangibles, Total	4.46M	2.94M	1.47M	1.14M	1.13M
Deferred Tax Assets Long-Term	3.55M	5.12M	5.68M	4.76M	2.65M
Deferred Charges Long-Term	-	-	-	-	134K
Total Assets	90.94M	93.86M	87.64M	103M	113M
Liabilities
Accounts Payable, Total	8.36M	14.46M	12.89M	21.83M	22.22M
Accrued Expenses, Total	1.94M	2.34M	3.07M	3.42M	4.28M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	3.05M	3.1M	3.03M	5.38M	10.28M
Current Portion of Leases	552K	623K	691K	841K	825K
Current Income Taxes Payable	395K	422K	412K	448K	427K
Unearned Revenue Current, Total	2.53M	3.49M	4.42M	6.83M	7.34M
Total Current Liabilities	16.82M	24.44M	24.52M	38.75M	45.37M
Long-Term Debt	13.04M	10.04M	6.69M	1.78M	-
Long-Term Leases	6.3M	5.67M	4.98M	4.6M	4.72M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	-	-	-	-	553K
Total Liabilities	36.16M	40.16M	36.2M	45.13M	50.65M
Preferred Stock Non Redeemable	-	-	-	-	-
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	76.59M	76.98M	77.39M	78.16M	81.77M
Additional Paid In Capital	1.94M	2.86M	3.04M	3.13M	2.45M
Retained Earnings	-21.15M	-25.7M	-27.91M	-24.8M	-21.69M
Comprehensive Income and Other	-2.6M	-440K	-1.07M	1.4M	-216K
Total Common Equity	54.78M	53.71M	51.45M	57.89M	62.31M
Total Equity	54.78M	53.71M	51.45M	57.89M	62.31M
Total Liabilities And Equity	90.94M	93.86M	87.64M	103M	113M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	31.16M	31.32M	31.44M	31.98M	33.99M
ECS Total Common Shares Outstanding	31.16M	31.32M	31.44M	31.56M	32.27M
Book Value / Share	1.76	1.72	1.64	1.83	1.93
Tangible Book Value	14.04M	12M	12.12M	15.56M	21.95M
Tangible Book Value Per Share	0.45	0.38	0.39	0.49	0.68
Total Debt	22.94M	19.44M	15.39M	12.6M	15.82M
Net Debt	2.44M	648K	-646K	-6.67M	-17.85M
Debt Equivalent Oper. Leases	1.62M	1.52M	992K	2.74M	3.5M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	11.88M	15.87M	15.11M	21.29M	21.97M
Inventories - Others	1.6M	543K	297K	1.2M	1.7M
Buildings, Total	45K	51K	167K	308K	434K
Machinery, Total	3.33M	3.81M	4.14M	7.7M	7.27M
Full Time Employees	95	115	143	162	176

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-14.62M	-4.55M	-2.22M	3.12M	3.11M
Depreciation & Amortization - CF	1.04M	1.83M	1.74M	2.31M	2.38M
Amortization of Goodwill and Intangible Assets - (CF)	1.25M	1.3M	1.34M	356K	-
Depreciation & Amortization, Total	2.29M	3.13M	3.08M	2.66M	2.38M
Amortization of Deferred Charges, Total - (CF)	380K	395K	107K	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-24K
Stock-Based Compensation (CF)	1.52M	1.32M	513K	1M	1.09M
Other Operating Activities, Total	-2.26M	317K	575K	2.41M	4.39M
Change In Accounts Receivable	669K	-457K	-897K	-703K	142K
Change In Inventories	-7.68M	-2.93M	1M	-7.08M	-1.18M
Change In Accounts Payable	-94K	6.51M	-845K	9.28M	1.24M
Change in Unearned Revenues	278K	961K	938K	2.4M	514K
Change in Other Net Operating Assets	53K	-17K	142K	-59K	-201K
Cash from Operations	-19.46M	4.68M	2.4M	13.04M	11.46M
Capital Expenditure	-3.63M	-258K	-563K	-3.15M	-136K
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-4.99M
Cash from Investing	-3.63M	-258K	-563K	-3.15M	-5.13M
Long-Term Debt Issued, Total	-	-	-	-	9.97M
Total Debt Issued	-	-	-	-	9.97M
Short Term Debt Repaid, Total	-	-	-	-	-2.12M
Long-Term Debt Repaid, Total	-9.88M	-5.13M	-5.14M	-4.88M	-6.08M
Total Debt Repaid	-9.88M	-5.13M	-5.14M	-4.88M	-8.21M
Issuance of Common Stock	55.31M	-	65K	71K	1.84M
Repurchase of Common Stock	-	-	-	-213K	-
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-3.95M	-	-	-	-134K
Cash from Financing	41.48M	-5.13M	-5.07M	-5.02M	3.47M
Foreign Exchange Rate Adjustments	-187K	-1.01M	480K	-1.63M	736K
Net Change in Cash	18.2M	-1.72M	-2.75M	3.23M	10.54M
Supplemental Items
Cash Interest Paid	1.1M	1.08M	1.06M	688K	213K
Cash Income Tax Paid (Refund)	-151K	-401K	-11K	27K	-14K
Levered Free Cash Flow	-18.05M	3.88M	1.62M	5.31M	8.6M
Unlevered Free Cash Flow	-17.12M	4.9M	2.6M	6.06M	9.02M
Change In Net Working Capital	7.02M	-4.5M	-351K	-3.87M	-528K
Net Debt Issued / Repaid	-9.88M	-5.13M	-5.14M	-4.88M	1.76M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-14.63	-4.53	-0.99	1.8	4.78
Return on Total Capital	-18.08	-5.55	-1.28	2.51	6.95
Return On Equity %	-49.96	-8.39	-4.21	5.7	5.17
Return on Common Equity	-57.65	-8.39	-4.21	5.7	5.17
Margin Analysis
Gross Profit Margin %	25.35	31.92	33.85	33.67	35.61
SG&A Margin	43.15	36.71	33.27	31.2	31.12
EBITDA Margin %	-18.47	-4.74	0.7	2.83	4.77
EBITA Margin %	-19.17	-5.89	-0.07	1.95	4.08
EBIT Margin %	-20.68	-7.31	-1.19	1.73	4.08
Income From Continuing Operations Margin %	-17.74	-4.97	-1.84	1.96	1.54
Net Income Margin %	-17.74	-4.97	-1.84	1.96	1.54
Net Avail. For Common Margin %	-17.74	-4.97	-1.84	1.96	1.54
Normalized Net Income Margin	-14.01	-4.01	-1.5	1.75	1.91
Levered Free Cash Flow Margin	-21.91	4.23	1.34	3.33	4.25
Unlevered Free Cash Flow Margin	-20.78	5.34	2.15	3.8	4.46
Asset Turnover
Asset Turnover	1.13	0.99	1.33	1.67	1.87
Fixed Assets Turnover	13.18	8.74	12.9	16.33	20.27
Receivables Turnover (Average Receivables)	114.37	142.08	94.96	82.01	91.71
Inventory Turnover (Average Inventory)	6.38	4.17	5.01	5.58	5.65
Short Term Liquidity
Current Ratio	2.12	1.51	1.39	1.16	1.34
Quick Ratio	1.27	0.81	0.73	0.56	0.79
Operating Cash Flow to Current Liabilities	-1.16	0.19	0.1	0.34	0.25
Days Sales Outstanding (Average Receivables)	3.19	2.57	3.84	4.46	3.98
Days Outstanding Inventory (Average Inventory)	57.23	87.46	72.85	65.61	64.62
Average Days Payable Outstanding	47.42	63.78	63.43	56.35	61.11
Cash Conversion Cycle (Average Days)	13	26.25	13.27	13.73	7.49
Long Term Solvency
Total Debt/Equity	41.87	36.19	29.92	21.77	25.39
Total Debt / Total Capital	29.51	26.57	23.03	17.87	20.25
LT Debt/Equity	35.3	29.26	22.69	11.02	7.57
Long-Term Debt / Total Capital	24.88	21.49	17.46	9.05	6.04
Total Liabilities / Total Assets	39.76	42.78	41.3	43.81	44.84
EBIT / Interest Expense	-11.44	-4.11	-0.92	2.3	12.28
EBITDA / Interest Expense	-9.9	-2.19	1.06	4.52	15.82
(EBITDA - Capex) / Interest Expense	-12.34	-2.35	0.7	1.89	15.62
Total Debt / EBITDA	-1.56	-5.45	9.33	2.33	1.49
Net Debt / EBITDA	-0.17	-0.18	-0.39	-1.23	-1.68
Total Debt / (EBITDA - Capex)	-1.25	-5.08	14.16	5.57	1.51
Net Debt / (EBITDA - Capex)	-0.13	-0.17	-0.59	-2.95	-1.7
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.55	11.21	31.51	32.22	27.06
Gross Profit, 1 Yr. Growth %	-2.32	40	39.47	31.51	34.41
EBITDA, 1 Yr. Growth %	-1.18K	-69.67	-119.4	434.16	114.43
EBITA, 1 Yr. Growth %	-1.34K	-63.78	-98.39	-3.67K	165.84
EBIT, 1 Yr. Growth %	28.31K	-58.55	-78.61	-292.25	200.22
Earnings From Cont. Operations, 1 Yr. Growth %	122.04	-68.86	-51.34	-240.68	-0.19
Net Income, 1 Yr. Growth %	122.04	-68.86	-51.34	-240.68	-0.19
Normalized Net Income, 1 Yr. Growth %	712.85	-65.16	-50.8	-253.96	38.82
Diluted EPS Before Extra, 1 Yr. Growth %	-31.94	-69.39	-52.96	-227.56	0
Accounts Receivable, 1 Yr. Growth %	-56.04	93.18	98.59	30.21	0.86
Inventory, 1 Yr. Growth %	132.3	21.72	-6.12	45.93	5.26
Net Property, Plant and Equip., 1 Yr. Growth %	597.77	-8.2	-13.8	25.51	-16.01
Total Assets, 1 Yr. Growth %	66.39	3.21	-6.63	17.55	9.64
Tangible Book Value, 1 Yr. Growth %	-130.1	-14.51	0.99	28.36	41.08
Common Equity, 1 Yr. Growth %	-1.45K	-1.96	-4.21	12.53	7.64
Cash From Operations, 1 Yr. Growth %	-565.35	-124.03	-48.58	442.08	-12.07
Capital Expenditures, 1 Yr. Growth %	1.8K	-92.9	118.22	460.21	-95.69
Levered Free Cash Flow, 1 Yr. Growth %	-751.13	-122.16	-58.22	227.98	60.72
Unlevered Free Cash Flow, 1 Yr. Growth %	-511.64	-129.56	-47.01	133.63	47.88
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	49.44	10.38	20.93	31.86	29.62
Gross Profit, 2 Yr. CAGR %	39	16.94	39.74	35.43	32.95
EBITDA, 2 Yr. CAGR %	115.44	75.94	-75.74	1.79	238.44
EBITA, 2 Yr. CAGR %	119.98	105.6	-92.36	-24.11	874.68
EBIT, 2 Yr. CAGR %	173.06	956.41	-70.23	-35.88	140.24
Earnings From Cont. Operations, 2 Yr. CAGR %	1.56K	-16.84	-61.07	-17.26	18.49
Net Income, 2 Yr. CAGR %	1.56K	-16.84	-61.07	-17.26	18.49
Normalized Net Income, 2 Yr. CAGR %	644.71	60.82	-58.6	-12.97	46.2
Diluted EPS Before Extra, 2 Yr. CAGR %	708.29	-54.36	-62.05	-22.54	12.94
Accounts Receivable, 2 Yr. CAGR %	-27.84	-7.85	95.87	60.81	14.6
Inventory, 2 Yr. CAGR %	118.02	68.15	6.9	17.05	23.94
Net Property, Plant and Equip., 2 Yr. CAGR %	214.28	153.09	-11.05	4.01	2.67
Total Assets, 2 Yr. CAGR %	30.52	31.05	-1.83	4.77	13.53
Tangible Book Value, 2 Yr. CAGR %	-42.43	-49.28	-7.08	13.86	34.57
Common Equity, 2 Yr. CAGR %	350.04	263.13	-3.1	3.82	10.06
Cash From Operations, 2 Yr. CAGR %	116.65	5.75	-64.85	66.96	118.33
Capital Expenditures, 2 Yr. CAGR %	236.94	16.22	-60.63	249.64	-50.85
Levered Free Cash Flow, 2 Yr. CAGR %	-	18.26	-69.57	17.06	130.46
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	8.5	-60.42	11.27	86.49
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	35.42	17.01	24.58	30.24
Gross Profit, 3 Yr. CAGR %	-	39.33	24.01	36.94	35.09
EBITDA, 3 Yr. CAGR %	-	9.85	-15.64	-32.01	30.49
EBITA, 3 Yr. CAGR %	-	18.26	-59.16	-40.69	15.26
EBIT, 3 Yr. CAGR %	-	43.08	187.91	-44.56	7.27
Earnings From Cont. Operations, 3 Yr. CAGR %	-	341.21	-30.45	-40.26	-11.92
Net Income, 3 Yr. CAGR %	-	341.21	-30.45	-40.26	-11.92
Normalized Net Income, 3 Yr. CAGR %	-	160.34	8.36	-35.85	1.69
Diluted EPS Before Extra, 3 Yr. CAGR %	-	171.44	-53.9	-43.16	-15.66
Accounts Receivable, 3 Yr. CAGR %	-	0.2	19.03	70.95	37.65
Inventory, 3 Yr. CAGR %	-	79.52	38.46	18.58	12.98
Net Property, Plant and Equip., 3 Yr. CAGR %	-	108.52	76.75	-0.23	-3.14
Total Assets, 3 Yr. CAGR %	-	20.7	17.05	4.24	6.37
Tangible Book Value, 3 Yr. CAGR %	-	-34.32	-36.19	3.48	22.29
Common Equity, 3 Yr. CAGR %	-	170.79	132.89	1.85	5.08
Cash From Operations, 3 Yr. CAGR %	-	4.1	-16.84	-12.5	34.83
Capital Expenditures, 3 Yr. CAGR %	-	-6.93	43.38	-4.6	-19.22
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-16.4	-32.78	30.43
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-14.55	-28.47	22.6
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	33.99	21.9
Gross Profit, 5 Yr. CAGR %	-	-	-	37.76	27.51
EBITDA, 5 Yr. CAGR %	-	-	-	6.55	47.06
EBITA, 5 Yr. CAGR %	-	-	-	-0.97	45.28
EBIT, 5 Yr. CAGR %	-	-	-	3.79	167.8
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	125.87	-13.93
Net Income, 5 Yr. CAGR %	-	-	-	125.87	-13.93
Normalized Net Income, 5 Yr. CAGR %	-	-	-	67.96	22.15
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	64.37	-34.02
Accounts Receivable, 5 Yr. CAGR %	-	-	-	21.07	17.24
Inventory, 5 Yr. CAGR %	-	-	-	51.29	32.46
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	57.88	42.23
Total Assets, 5 Yr. CAGR %	-	-	-	14.05	15.63
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-18.15	-14
Common Equity, 5 Yr. CAGR %	-	-	-	84.54	72.56
Cash From Operations, 5 Yr. CAGR %	-	-	-	25.75	22.35
Capital Expenditures, 5 Yr. CAGR %	-	-	-	58.03	-6.57
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	25.42
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	16.76