Analyst Research Report Snapshot


Coastal Contacts Inc.






07 Jul 2015





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Coastal Contacts is an online direct-to-consumer retailer of contact lenses, eyeglasses and optical products. The company designs, produces and distributes eyeglasses and contact lenses through the internet and telephone. The company's manufacturing and distribution facilities are located in North America, Europe and Australia. It is headquartered in Vancouver, Canada, and employs around 626 people. The company recorded revenues of C$217.6 million (approximately $213.5 million) in the fiscal year ended October 2013, an increase of 10.9% over 2012. The company's operating loss was C$15 million (approximately $14.7 million) in fiscal 2013, as compared to an operating loss of C$3.5 million (approximately $3.4 million) in 2012. Its net loss was C$15.9 million (approximately $15.6 million) in fiscal 2013, as compared to the net loss of C$4.9 million (approximately $4.8 million) in 2012.

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