Q: Kit's stock took a dive today, I assume the earnings report wasn't favourable by the way the stock acted?
Thnx 5I
Thnx 5I
5i Research Answer:
EPS of 6c beat estimates of 5.5c; revenue of $57.5M missed estimates of $58.2M. EBITDA of $4.1M beat estimates by 24%. Sales rose 23%. EBITDA margin did slip slightly. Net income rose 23%. Glasses grew 60%. Q2 guidance was largely in line with estimates. The stock took a hit as guidance was not 'perfect'. The stock is also quite expensive after its multi-year run. Not a disaster, and growth is still there, but the company is maturing somewhat as investors realize it is not as unknown as it has been.