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Kits Eyecare Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 52.4M 49.6M 46.6M 44.8M 41.9M
Operating Revenue 52.4M 49.6M 46.6M 44.8M 41.9M
Cost Of Revenue 34.2M 31.6M 29.5M 28.6M 28.1M
Gross Profit 18.1M 18.0M 17.1M 16.3M 13.8M
Selling General And Administration 10.4M 11.1M 9.2M 14.1M 8.2M
General And Administrative Expense 3.0M 3.6M 2.9M 9.6M 2.6M
Depreciation And Amortization In Income Statement 224,000 219,000 225,000 236,000 202,000
Other Operating Expenses 5.3M 5.3M 5.1M -186,000 4.5M
Operating Expense 16.0M 16.7M 14.5M 14.1M 12.9M
Operating Income 2.2M 1.3M 2.6M 2.1M 868,000
EBIT 2.7M -361,000 2.5M 4.4M 340,000
Interest Expense 67,000 128,000 171,000 648,000 84,000
Interest Expense Non Operating 67,000 128,000 171,000 648,000 84,000
Net Interest Income -67,000 -128,000 -171,000 -266,000 -84,000
Other Income Expense 547,000 -1.7M -87,000 1.9M -528,000
Gain On Sale Of Security 547,000 -1.7M -87,000 2.0M -528,000
Pretax Income 2.6M -489,000 2.3M 3.7M 256,000
Tax Provision 698,000 205,000 704,000 986,000 124,000
Tax Effect Of Unusual Items 144,898 -252,600 -26,549 494,193 -79,200
Net Income From Continuing And Discontinued Operation 1.9M -694,000 1.6M 2.7M 132,000
Net Income From Continuing Operation Net Minority Interest 1.9M -694,000 1.6M 2.7M 132,000
Net Income Including Noncontrolling Interests 1.9M -694,000 1.6M 2.7M 132,000
Net Income Common Stockholders 1.9M -694,000 1.6M 2.7M 132,000
Net Income 1.9M -694,000 1.6M 2.7M 132,000
EBITDA 3.3M 243,000 3.1M 5.1M 945,000
Normalized EBITDA 2.8M 1.9M 3.2M 3.2M 1.5M
Reconciled Depreciation 607,000 604,000 623,000 711,000 605,000
Basic EPS 0.06 -0.02 0.05 0.09 0.00
Diluted EPS 0.06 -0.02 0.05 0.08 0.00
Basic Average Shares 32.1M 34.7M 31.9M 30.4M 31.6M
Diluted Average Shares 34.2M 34.7M 33.8M 34.2M 31.6M
Total Unusual Items 547,000 -1.7M -87,000 1.9M -528,000
Total Unusual Items Excluding Goodwill 547,000 -1.7M -87,000 1.9M -528,000
Tax Rate For Calcs 0.26 0.15 0.31 0.27 0.15
Normalized Income 1.5M 737,400 1.7M 1.4M 580,800
Depreciation Amortization Depletion Income Statement 224,000 219,000 225,000 236,000 202,000
Diluted NI Availto Com Stockholders 1.9M -694,000 1.6M 2.7M 132,000
Net Income Continuous Operations 1.9M -694,000 1.6M 2.7M 132,000
Net Non Operating Interest Income Expense -67,000 -128,000 -171,000 -266,000 -84,000
Other Gand A 3.0M 3.6M 2.9M -4.1M 2.6M
Reconciled Cost Of Revenue 33.9M 31.2M 29.1M 28.1M 27.7M
Selling And Marketing Expense 7.4M 7.5M 6.3M 4.5M 5.6M
Total Expenses 50.2M 48.3M 44.0M 42.7M 41.0M
Total Operating Income As Reported 2.7M -361,000 2.5M 4.1M 340,000
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 19.7M 18.1M 17.7M 19.3M 19.1M
Cash Cash Equivalents And Short Term Investments 19.7M 18.1M 17.7M 19.3M 19.1M
Accounts Receivable 2.7M 2.0M 1.9M 2.2M 2.0M
Receivables 2.7M 2.0M 1.9M 2.5M 2.0M
Inventory 22.1M 20.4M 24.2M 22.5M 17.1M
Other Current Assets 1.1M 737,000 818,000 787,000 676,000
Current Assets 45.6M 41.3M 44.6M 45.1M 39.0M
Gross PPE 9.3M 9.1M 10.2M 18.6M 10.7M
Accumulated Depreciation -- -- -- -7.7M --
Net PPE 9.3M 9.1M 10.2M 10.9M 10.7M
Goodwill 39.8M 39.1M 41.2M 41.2M 38.6M
Goodwill And Other Intangible Assets 41.0M 40.2M 42.3M 42.3M 39.8M
Other Intangible Assets 1.1M 1.1M 1.1M 1.1M 1.1M
Total Non Current Assets 53.3M 52.9M 56.6M 57.9M 56.0M
Total Assets 98.9M 94.3M 101.2M 103.0M 94.9M
Current Debt 2.0M 2.7M 3.3M 5.4M 3.0M
Current Debt And Capital Lease Obligation 2.8M 3.5M 4.1M 6.2M 3.8M
Accounts Payable 22.8M 21.0M 24.1M 21.8M 22.5M
Payables 23.2M 21.5M 24.6M 22.3M 23.0M
Payables And Accrued Expenses 23.2M 21.5M 24.6M 25.7M 23.0M
Current Accrued Expenses -- -- -- 3.4M --
Current Deferred Revenue 6.4M 5.9M 6.1M 6.8M 5.6M
Current Liabilities 32.4M 30.9M 34.8M 38.8M 32.4M
Long Term Debt -- -- 1.0M 1.8M 4.5M
Long Term Debt And Capital Lease Obligation 4.5M 4.2M 5.5M 6.4M 9.1M
Long Term Capital Lease Obligation 4.5M 4.2M 4.4M 4.6M 4.6M
Total Non Current Liabilities Net Minority Interest 4.5M 4.2M 5.5M 6.4M 9.1M
Total Liabilities Net Minority Interest 36.9M 35.1M 40.2M 45.1M 41.6M
Common Stock 80.8M 80.5M 79.7M 78.2M 78.2M
Capital Stock 80.8M 80.5M 79.7M 78.2M 78.2M
Additional Paid In Capital 2.8M 2.9M 3.1M 3.1M 3.1M
Retained Earnings -22.0M -23.9M -23.2M -24.8M -27.5M
Gains Losses Not Affecting Retained Earnings 339,000 -325,000 1.4M 1.4M -535,000
Other Equity Adjustments 339,000 -325,000 1.4M 1.4M -535,000
Common Stock Equity 62.0M 59.2M 60.9M 57.9M 53.3M
Stockholders Equity 62.0M 59.2M 60.9M 57.9M 53.3M
Total Equity Gross Minority Interest 62.0M 59.2M 60.9M 57.9M 53.3M
Total Capitalization 62.0M 59.2M 62.0M 59.7M 57.8M
Net Tangible Assets 21.0M 19.0M 18.6M 15.6M 13.6M
Tangible Book Value 21.0M 19.0M 18.6M 15.6M 13.6M
Working Capital 13.2M 10.5M 9.8M 6.3M 6.5M
Invested Capital 64.0M 61.9M 65.2M 65.0M 60.8M
Total Debt 7.2M 7.7M 9.5M 12.6M 13.0M
Share Issued 32.1M 32.1M 32.0M 31.6M 31.6M
Ordinary Shares Number 32.1M 32.1M 32.0M 31.6M 31.6M
Buildings And Improvements -- -- -- 7.2M --
Capital Lease Obligations 5.2M 5.0M 5.2M 5.4M 5.4M
Current Capital Lease Obligation 792,000 788,000 812,000 841,000 797,000
Current Deferred Liabilities 6.4M 5.9M 6.1M 6.8M 5.6M
Current Notes Payable 290,000 290,000 290,000 2.4M --
Finished Goods 21.6M 20.1M 23.7M 22.1M 16.6M
Leases -- -- -- 946,000 --
Machinery Furniture Equipment -- -- -- 535,000 --
Non Current Deferred Assets 3.0M 3.7M 4.0M 4.8M 5.5M
Non Current Deferred Taxes Assets 3.0M 3.7M 4.0M 4.8M 5.5M
Other Current Borrowings 1.7M 2.4M 3.0M 3.0M 3.0M
Other Inventories 529,000 350,000 449,000 436,000 502,000
Other Properties 9.3M 9.1M 10.2M 9.9M 10.7M
Properties -- -- -- 0.00 --
Taxes Receivable 0.00 33,000 33,000 332,000 9,000
Total Tax Payable 434,000 425,000 448,000 448,000 473,000
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow 3.0M 1.6M 474,000 3.8M 2.2M
Cash Flow From Continuing Operating Activities 3.0M 1.6M 474,000 3.8M 2.2M
Depreciation And Amortization 607,000 604,000 623,000 711,000 605,000
Depreciation Amortization Depletion 607,000 604,000 623,000 711,000 605,000
Stock Based Compensation 97,000 644,000 269,000 74,000 122,000
Deferred Tax 698,000 205,000 704,000 986,000 124,000
Deferred Income Tax 698,000 205,000 704,000 986,000 124,000
Change In Working Capital -460,000 419,000 -2.9M -1.0M 898,000
Changes In Account Receivables -- -87,000 -- -466,000 -307,000
Change In Receivables -706,000 -87,000 610,000 -466,000 -307,000
Change In Inventory -1.7M 3.8M -1.7M -5.4M -764,000
Change In Payables And Accrued Expense 1.8M -3.1M -1.1M 3.8M 667,000
Change In Other Working Capital 493,000 -225,000 -702,000 1.2M 173,000
Other Non Cash Items 153,000 175,000 215,000 612,000 290,000
Capital Expenditure -136,000 -8,000 -- -1.1M -1.5M
Purchase Of PPE -136,000 -- -- -1.1M -1.5M
Net PPE Purchase And Sale -136,000 -8,000 13,000 -1.1M -1.5M
Investing Cash Flow -136,000 -8,000 13,000 -1.1M -1.5M
Cash Flow From Continuing Investing Activities -136,000 -8,000 13,000 -1.1M -1.5M
Repayment Of Debt -1.1M -2.0M -3.3M -1.2M -1.2M
Net Issuance Payments Of Debt -1.1M -2.0M -3.3M -1.2M -1.2M
Financing Cash Flow -966,000 -2.0M -2.1M -1.4M -1.2M
Cash Flow From Continuing Financing Activities -966,000 -2.0M -2.1M -1.4M -1.2M
Effect Of Exchange Rate Changes -273,000 837,000 22,000 -1.2M 300,000
Changes In Cash 1.9M -397,000 -1.6M 1.3M -462,000
Beginning Cash Position 18.1M 17.7M 19.3M 19.1M 19.3M
End Cash Position 19.7M 18.1M 17.7M 19.3M 19.1M
Free Cash Flow 2.8M 1.6M 474,000 2.7M 719,000
Amortization Cash Flow 0.00 0.00 0.00 3,000 0.00
Amortization Of Intangibles 0.00 0.00 0.00 3,000 0.00
Change In Prepaid Assets -316,000 81,000 -31,000 -111,000 1.1M
Depreciation 607,000 604,000 623,000 708,000 605,000
Gain Loss On Sale Of PPE -8,000 0.00 -16,000 -- 0.00
Long Term Debt Payments -1.1M -2.0M -1.2M -1.2M -1.2M
Net Foreign Currency Exchange Gain Loss -98,000 250,000 6,000 -321,000 72,000
Net Income From Continuing Operations 1.9M -694,000 1.6M 2.7M 132,000
Net Long Term Debt Issuance -1.1M -2.0M -1.2M -1.2M -1.2M
Net Short Term Debt Issuance 0.00 0.00 -2.1M -- 0.00
Operating Gains Losses -106,000 250,000 -10,000 -321,000 72,000
Proceeds From Stock Option Exercised 129,000 0.00 1.2M 41,000 30,000
Short Term Debt Payments 0.00 0.00 -2.1M -- 0.00
Taxes Refund Paid 26,000 -12,000 -- 0.00 -3,000
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