Coastal Contacts reports record quarterly numbers, hits 52-week high

Coastal Contacts (T.COA) hit a new 52-week high of $1.35; Coastal Contacts reported its financial results for the three and nine months ended July 31, 2009. Key figures for the three months ended July 31, 2009 include record sales of $37.5 million, a 15% increase over the third quarter of 2008. Sales grew 20% excluding the impact of foreign currency exchange rate fluctuations.

Gross profit was $10.7 million or 28% of sales. There were also 370,882 total orders shipped, a 15% increase over the third quarter of 2008. The results also featured $2.0 million of adjusted EBITDA, a 54% increase over the third quarter of 2008.

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