Coastal Contacts Inc. announced unaudited consolidated capital expenditure for the first quarter ended January 31, 2010. For the quarter, the company reported acquisition of property, equipment and leasehold improvements of CAD 15,000 compared to CAD 157,000 for the same quarter a year ago.

Coastal Contacts Inc. announced its financial results for the three months ended January 31, 2010. The company reported that its sales increased 15% to $36 million as compared to $31 million in the first fiscal quarter of 2009. Sales increased 19% excluding the impact of foreign currency exchange rate fluctuations. Sales of eyeglasses grew more than 180% to $3.8 million. Cash generated from operations was $2.6 million during the quarter. Adjusted EBITDA for the first fiscal quarter of 2010 was $1.7 million compared with $1.8 million for the same period in 2009. Net income for the first fiscal quarter of 2010 was $0.8 million or $0.01 per share. The company also announced that eyeglasses sales exceeded $3.8 million for the first fiscal quarter of 2010, a 180% increase over the same period in 2009. The majority of the eyeglasses sales were derived from the North American market.

Coastal Contacts Inc. reported unaudited consolidated earnings results for the first quarter ended January 31, 2010. The company reported earnings before income taxes were $781,000 compared to $1,305,000 a year ago.