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STAAR Surgical Company

STAAR Surgical Company (STAA)

27.79
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Closed July 02 3:00PM
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STAAR Surgical Company (STAA) Options

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15.000.000.0014.3314.330.000.00 %02-
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22.500.000.006.816.810.000.00 %050-
25.000.000.003.803.800.000.00 %052-
27.500.000.001.951.950.000.00 %074-
30.000.000.000.700.700.000.00 %0139-
32.500.000.000.350.350.000.00 %0850-
35.000.000.000.210.210.000.00 %051-
37.500.000.000.410.410.000.00 %032-
40.000.000.000.720.720.000.00 %02-
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32.500.000.003.773.770.000.00 %020-
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37.500.000.008.868.860.000.00 %02-
40.000.000.000.000.000.000.00 %00-
42.500.000.0014.0814.080.000.00 %02-
45.000.000.000.000.000.000.00 %00-
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STAA Discussion

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US Market News US Market News 3 months ago
STAAR Surgical Announces Preliminary Net Sales for First Quarter 2026April 8, 2026 4:01 PM
Business Wire
STAAR Surgical Company (NASDAQ: STAA), the global leader in phakic IOLs with the EVO family of Implantable Collamer® Lenses (EVO ICL™) for vision correction, today announced preliminary net sales for the first quarter ended April 3, 2026. STAAR is announcing its preliminary net sales in advance of its quarterly earnings announcement because it expects to be interacting with members of the investment community, as well as with surgeons and other members of the ophthalmology community, at the ASCRS Annual Meeting in Washington, D.C.


Net sales for the first quarter of 2026 are expected to be in excess of $90 million, compared to net sales of $42.6 million for the first quarter of 2025.


“We are very pleased with our strong first quarter net sales in our largest market, China, which accounted for the majority of the increase in net sales, along with continued double-digit growth in the Americas. Our higher net sales, combined with our significantly improved cost structure, are expected to drive a meaningful improvement in adjusted EBITDA for the first quarter. These results deliver on two of the three core objectives outlined in our Shareholder Letter earlier this year—Revenue Growth and Profit Expansion—and though early in the year, are indicators of the overall good health of our business,” said Deborah Andrews, Interim Co-CEO and CFO. “Current global business conditions are volatile and some portions of our business remain unpredictable. We continue to provide no forward revenue or earnings guidance and look forward to reporting our full first quarter financial results and filing our 10-Q in early May.”


In the Middle East and some other parts of the EMEA and APAC regions, net sales were negatively affected by significant geopolitical and macroeconomic challenges, resulting in a decline in sales in parts of those regions. The Company is monitoring the situation and cautions that sales growth could continue to be adversely affected if these conditions persist, and that macroeconomic challenges could spread to other regions.


As previously disclosed, net sales during the first quarter of 2025 were impacted as the Company shipped minimal quantities of EVO ICLs to China while distributors worked through excess inventory. As of the end of the first quarter of 2026, distributor inventory appears to be within the Company’s targeted range to appropriately service the refractive market.


The financial information in this release is unaudited and subject to adjustment and confirmation as the Company completes its quarterly review and finalizes its financial statements to be filed with the Company’s Quarterly Report on Form 10-Q for the quarter ended April 3, 2026, and the review of the Company’s independent registered public accounting firm's consolidated financial statements for the quarterly period.


About STAAR Surgical


STAAR Surgical (NASDAQ: STAA) is the global leader in implantable phakic intraocular lenses, a vision correction solution that reduces or eliminates the need for glasses or contact lenses. Since 1982, STAAR has been dedicated solely to ophthalmic surgery, and for 30 years, STAAR has been designing, developing, manufacturing, and marketing advanced Implantable Collamer® Lenses (ICLs), using its proprietary biocompatible Collamer material. STAAR ICL’s are clinically-proven to deliver safe long-term vision correction without removing corneal tissue or the eye’s natural crystalline lens. Its EVO ICL™ product line provides visual freedom through a quick, minimally invasive procedure. STAAR has sold more than 4 million ICLs in over 85 countries. Headquartered in Lake Forest, California, the company operates research, development, manufacturing, and packaging facilities in California and Switzerland. For more information about ICL, visit www.EVOICL.com. To learn more about STAAR, visit http://www.staar.com.


We intend to use our website as a means of disclosing material non-public information about the Company and complying with Regulation FD. Such disclosures will be included on our website in the ‘Investor Relations’ sections at investors.staar.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, SEC filings and public conference calls and webcasts. In addition, you may automatically receive email alerts and other information about the Company when you enroll your email address by visiting the Email Alerts section at investors.staar.com.


Forward-Looking Statements


This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often contain words such as “anticipate,” “believe,” “expect,” “plan,” “estimate,” “project,” “continue,” “will,” “should,” “may,” and similar terms. All statements in this press release that are not statements of historical fact are forward-looking statements. These forward-looking statements are neither promises nor guarantees and involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements, including, but not limited to: our ability to grow and generate profit; our reliance on independent distributors in international markets; a slowdown or disruption to the Chinese economy; global economic and geopolitical conditions; disruptions in our supply chain; fluctuations in foreign currency exchange rates; international trade disputes (including involving tariffs) and substantial dependence on demand from Asia; changes in effective tax rate or tax laws; any loss of use of our principal manufacturing facility; competition; potential losses due to product liability claims; our exposure to environmental liability; data corruption, cyber-based attacks or network security breaches and/or noncompliance with data protection and privacy regulations; acquisitions of new technologies; climate changes; the willingness of surgeons and patients to adopt a new or improved product and procedure; extensive clinical trials and resources devoted to research and development; compliance with government regulations; the discretion of regulatory agencies to approve or reject existing, new or improved products, or to require additional actions before or after approval, or to take enforcement action; laws pertaining to healthcare fraud and abuse; changes in FDA or international regulations related to product approval; product recalls or failures; and other important factors set forth in the Company’s Annual Report on Form 10-K for the year ended January 2, 2026 under the caption “Risk Factors,” which is filed with the Securities and Exchange Commission (the “SEC”) and available in the “Investor Information” section of the Company’s website under the heading “SEC Filings,” as any such factors may be updated from time to time in the Company’s other filings with the SEC.


Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260408379147/en/
Investor/Media Contact:

ir@staar.com


Connie Johnson

cjohnson@staar.com

(626) 303-7902 (ext. 2207)


Asia Investor/Media Contact:

Niko Liu, CFA

nliu@staar.com

United States: (626) 303-7902 (ext. 3023)

Hong Kong: +852 6092-5076


Original: STAAR Surgical Announces Preliminary Net Sales for First Quarter 2026
👍️0
US Market News US Market News 4 months ago
STAAR Surgical Reports Fourth Quarter and Fiscal Year 2025 ResultsMarch 3, 2026 4:01 PM
Business Wire
Confident in China Progress and Future Roadmap


A Clear Path Toward Sustainable Profitability and Growth


Board and Leadership Transitions Support Strategy Execution and Shareholder Value Creation


STAAR Interim co-CEOs Issue Letter to Shareholders


Earnings Call and Webcast Today at 5:30 PM Eastern


STAAR Surgical Company (NASDAQ: STAA), the global leader in phakic IOLs with the EVO family of Implantable Collamer® Lenses (EVO ICL™) for vision correction, today reported results for the fourth quarter and fiscal year ended January 2, 2026. STAAR’s Interim co-CEOs will be issuing a Letter to Shareholders after this earnings release, which can be found here: https://investors.staar.com/news-and-events/press-releases.


Fourth Quarter 2025 Financial Overview



Net sales of $57.8 million, up 18.1% Y/Y



Net sales excluding China of $40.3 million, down 2.1% Y/Y



Gross margin at 75.7% vs. 64.7% Y/Y



Net loss of $(18.3) million or $(0.37) per share, compared to a net loss of $(34.2) million or $(0.69) per share a year ago



Adjusted EBITDA1 breakeven or $(0.00) per share, compared to Adjusted EBITDA loss of $(20.8) million or $(0.42) per share a year ago



Fiscal Year 2025 Financial Overview



Net sales of $239.4 million, down 23.7% Y/Y



Net sales excluding China of $161.7 million, up 6.6% Y/Y



Gross margin at 76.2% vs. 76.3% Y/Y



Net loss of $(80.4) million or $(1.62) per share, compared to a net loss of $(20.2) million or $(0.41) per share a year ago



Adjusted EBITDA1 loss of $(6.6) million or ($0.13) per share compared to Adjusted EBITDA income of $23.2 million or $0.47 per share a year ago



Cash, cash equivalents and investments available for sale ended the year at $187.5 million



“Throughout fiscal 2025, we made meaningful progress on multiple fronts, including rebalancing distributor inventory and disciplined gross profit and expense management. The actions we have taken give us confidence in a clear path toward sustained profitability and growth, and we are optimistic about the business in 2026,” said Warren Foust, Interim Co-CEO of STAAR Surgical. “During 2024, China demand was challenged, which led to a double-digit decline in in-market sales2 and increased inventory in the channel. In 2025, in-market demand in China improved with an estimated mid-single-digit recovery, and inventories were reduced to normal levels. In-market demand in China accelerated in the fourth quarter, providing a positive signal for fiscal 2026. However, the in-market recovery did not translate into sales growth for STAAR during the fourth quarter because of a reduction in sub-distributor and customer inventory in China. Due to uncertainties about their future if the Company were acquired by Alcon, certain China sub-distributors and customers returned some inventory to our distributors, resulting in lower-than-anticipated fourth quarter net sales for STAAR. This uncertainty also impacted sales to distributors in other parts of the world. In 2026, with the merger question behind us, we believe we will see modest growth in in-market volume demand and expect net sales in China to increase due to rising average selling prices (ASPs) for lenses and market share gains. ASP increases are being driven by the success of our EVO+ ICL launch in China. The EVO+ ICL for China, which is manufactured in Switzerland, is not subject to US-China tariff volatility. There is excitement around the launch of EVO+ in China, and we are working closely with our distributor partners to accelerate adoption in this key market. We believe our China business is well positioned for growth this year and intend to provide investors with greater transparency into our execution there. We made substantial progress in improving our ability to track channel inventory in China during 2025 and are continuing that effort in 2026.”


Mr. Foust continued, “STAAR possesses a differentiated proprietary material with Collamer®, exceptional optical technology with EVO ICLs, and a proven ability to gain market share. With a large addressable market opportunity driven by the increasing prevalence of myopia worldwide, our leadership in lens-based refractive surgery provides us with a winning formula. As we look to the future as a standalone company, our Board, leadership team, and employees have a renewed focus on strategic execution and long-term value creation for our shareholders.”


Leadership Changes


On February 2, 2026, STAAR announced the appointment of Warren Foust and Deborah Andrews as interim co-Chief Executive Officers. STAAR’s Board of Directors have engaged Egon Zehnder, a leading global executive search and leadership advisory firm, to conduct the search for STAAR’s next Chief Executive Officer. The search will include both internal and external candidates.


Fourth Quarter 2025 Financial Results


Net sales were $57.8 million for the fourth quarter of 2025, up by 18.1% from $49.0 million in the prior year quarter. The year over year increase in net sales primarily reflected sales growth in China. Excluding China, net sales were $40.3 million, a decrease of 2.1% as compared to $41.1 million in the prior year quarter due to the timing of sales returns that disproportionally impacted the fourth quarter compared to the first three quarters of 2025.


Gross profit margin for the fourth quarter of 2025 was 75.7% of total net sales compared to the prior year quarter of 64.7% of total net sales. The increase in gross profit margin versus the prior year quarter was due primarily to the timing of the recognition of the cost of sales associated with the December 2024 China Shipment, decreased period costs resulting from cost reductions implemented in the first quarter of 2025 and the ramp up of Swiss manufacturing, partially offset by higher inventory provisions. As previously disclosed, in December 2024, the Company shipped $27.5 million of ICLs to China, for which it did not recognize revenue in the fourth quarter of 2024 due to extended payment terms with the Company’s distributor. However, cost of sales of $3.9 million associated with the December 2024 China Shipment was recorded in the fourth quarter of 2024. The revenue from this shipment was recognized in the second and third quarters of 2025, as payments were received.


Total operating expenses for the fourth quarter of 2025 were $66.6 million, compared to $59.6 million in the prior year quarter. Operating expenses for the quarter included costs related to the Company’s terminated merger transaction with Alcon of $11.2 million and costs related to restructuring of $0.7 million. Excluding the costs related to the merger and restructuring, operating expenses for the fourth quarter of 2025 were $54.7 million, a reduction of 8.2% from the prior year quarter. General and administrative expenses were $19.6 million compared to $21.3 million in the prior year quarter. The year over year decrease was primarily due to decreased outside services and facilities costs, largely offset by increased compensation related expenses. Selling and marketing expenses were $25.8 million compared to $28.4 million in the prior year quarter. The year over year decrease was due to lower advertising and promotional spending, lower trade show and sales meeting expenses, partially offset by increased compensation expenses. Research and development expenses were $9.2 million compared to $9.8 million in the prior year quarter. The year over year decrease is the result of lower clinical and investigator-initiated trials, partially offset by increased compensation expenses.


Operating loss for the fourth quarter of 2025 was $(22.8) million compared to $(27.9) million in the prior year quarter. Net loss for the fourth quarter of 2025 was $(18.3) million or $(0.37) per diluted share, down from net loss of $(34.2) million or $(0.69) per diluted share for the prior year quarter. The year over year improvement in net loss was primarily attributable to higher gross profit and lower operating expenses before merger and restructuring expenses and foreign exchange gains, partially offset by merger and restructuring expenses.


Fiscal Year 2025 Financial Results


Net sales were $239.4 million for fiscal year 2025 compared to $313.9 million in the prior year. Included in 2025 net sales was the recognition of $27.5 million in China sales from the December 2024 China Shipment, which was deferred from the fourth quarter of 2024 to the second and third quarters of 2025 due to extended payment terms with the Company’s distributor. The decrease in net sales was due to the reduction of distributor and channel inventory in China in the first half of the year partially offset by increased sales outside of China. Excluding China, net sales for fiscal year 2025 were $161.7 million, an increase of 6.6% as compared to $151.6 million in the prior year.


Gross profit margin for fiscal year 2025 was 76.2% of total net sales compared to 76.3% of total net sales for fiscal year 2024.


Operating expenses for fiscal year 2025 were $274.1 million compared to $252.2 million in the prior year. Excluding merger and restructuring expenses, operating expenses for fiscal year 2025 were $228.4 million, a 9.4% reduction from the prior year.


Operating loss for fiscal year 2025 was $(91.7) million compared to operating loss of $(12.6) million for fiscal year 2024. Net loss for fiscal year 2025 was $(80.4) million or $(1.62) per diluted share compared with net loss of $(20.2) million or $(0.41) per diluted share for the prior year.


Cash, cash equivalents and investments available for sale at January 2, 2026, totaled $187.5 million, compared to $230.5 million at the end of the fourth quarter of 2024. The Company had no outstanding debt.


For the year ended January 2, 2026, the Company repurchased approximately 376,000 shares of its common stock under its $30 million share repurchase program announced in May 2025, for a total cost of approximately $6.5 million. The average purchase price per share was $17.20. As of January 2, 2026, approximately $23.5 million remained available under the current authorization.


Earnings Conference Call and Webcast


The Company will host an earnings conference call and webcast today, Tuesday, March 3 at 5:30 p.m. Eastern / 2:30 p.m. Pacific to discuss its financial results and operational progress. To access the webcast please use the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=J3bNAuVd


In addition to live questions, participants may submit questions by email to ir@staar.com




1






Adjusted EBITDA and Adjusted EBITDA per share are non-GAAP financial measures. For further information on non-GAAP financial measures, please refer to the “Use of Non-GAAP Financial Measures” section of this press release. Please also refer to the tables at the end of this press release for a reconciliation of non-GAAP financial measures to the most directly comparable GAAP measure.








2






In-market sales reflect sales from the Company’s distributors to customers and end-users in China. This data is collected and provided by the Company’s distributors and is used by the Company to estimate in-market demand and analyze trends. This data is unaudited by the Company and can be impacted by timing of orders placed, returns, and other factors.







Use of Non-GAAP Financial Measures


To supplement the Company’s financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release and the accompanying tables include certain non-GAAP financial measures, including Adjusted EBITDA. Management uses these non-GAAP financial measures in its evaluation of Company operating performance and believes investors will find them useful in evaluating the Company’s operating performance, including cash flow generation, and in analyzing period-to-period financial performance of core business operations and underlying business trends. Non-GAAP financial measures are in addition to, not a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.


EBITDA is a non-GAAP financial measure, which is calculated by adding interest income and expense, net; provision for income taxes; and depreciation and amortization to net income. In calculating Adjusted EBITDA and Adjusted EBITDA per diluted share, the Company further adjusts for stock-based compensation expense, restructuring, impairment and related charges, and commencing with the fourth quarter ended January 2, 2026, merger transaction and related costs. As stock-based compensation is a non-cash expense that can vary significantly based on the timing, size and nature of awards granted, the Company believes that the exclusion of stock-based compensation expense can assist investors in comparisons of Company operating results with other peer companies because (i) the amount of such expense in any specific period may not directly correlate to the underlying performance of our business operations and (ii) such expense can vary significantly between periods as a result of the timing of grants of new stock-based awards, including inducement grants in connection with hiring. Additionally, the Company believes that excluding stock-based compensation from Adjusted EBITDA and Adjusted EBITDA per diluted share assists management and investors in making meaningful comparisons between the Company’s operating performance and the operating performance of other companies that may use different forms of employee compensation or different valuation methodologies for their stock-based compensation. Investors should note that stock-based compensation is a key incentive offered to employees whose efforts contributed to the operating results in the periods presented and are expected to contribute to operating results in future periods. Investors should also note that such expenses will recur in the future. The Company believes that restructuring, impairment and related charges are not indicative of the underlying operating expense profile for the Company. These charges, which include costs related to severance, reduction in force and consulting expenses, impairment expenses on leasehold improvements and machinery and equipment, impairment on real property right-of-use assets, and impairment of internally developed software, are anticipated to be completed within a finite period of time and can vary significantly in any specific period. The Company believes that excluding restructuring, impairment and related charges from Adjusted EBITDA allows investors to more consistently analyze period-to-period financial performance of its core business operations and better assess the Company’s current and future continuing operations. Similarly, the Company believes that merger transaction and related costs are not indicative of the underlying operating expense profile for the Company and that excluding such costs from Adjusted EBITDA allows investors to more consistently analyze period-to-period financial performance of its core business.


The Company also presents certain financial information on a constant currency basis, which is intended to exclude the effects of foreign currency fluctuations. The Company conducts a significant part of its activities outside the U.S. It receives sales revenue and pays expenses principally in U.S. dollars, Swiss francs, Japanese yen and euros. The exchange rates between dollars and non-U.S. currencies can fluctuate greatly and can have a significant effect on the Company’s results when reported in U.S. dollars. In order to compare the Company's performance from period to period without the effect of currency, the Company will apply the same average exchange rate applicable in the prior period, or the “constant currency” rate to sales or expenses in the current period as well.


In the tables provided below, the Company has included a reconciliation of Adjusted EBITDA and Adjusted EBITDA per diluted share to net income (loss) and net income (loss) per diluted share, the most directly comparable GAAP financial measure, as well as supplemental financial information with net sales expressed in constant currency.


About STAAR Surgical


STAAR Surgical (NASDAQ: STAA) is the global leader in implantable phakic intraocular lenses, a vision correction solution that reduces or eliminates the need for glasses or contact lenses. Since 1982, STAAR has been dedicated solely to ophthalmic surgery, and for 30 years, STAAR has been designing, developing, manufacturing, and marketing advanced Implantable Collamer® Lenses (ICLs), using its proprietary biocompatible Collamer material. STAAR ICL’s are clinically-proven to deliver safe long-term vision correction without removing corneal tissue or the eye’s natural crystalline lens. Its EVO ICL™ product line provides visual freedom through a quick, minimally invasive procedure. STAAR has sold more than 4 million ICLs in over 85 countries. Headquartered in Lake Forest, California, the company operates research, development, manufacturing, and packaging facilities in California and Switzerland. For more information about ICL, visit www.EVOICL.com. To learn more about STAAR, visit http://www.staar.com.


We intend to use our website as a means of disclosing material non-public information about the Company and complying with Regulation FD. Such disclosures will be included on our website in the ‘Investor Relations’ sections at investors.staar.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, SEC filings and public conference calls and webcasts. In addition, you may automatically receive email alerts and other information about the Company when you enroll your email address by visiting the Email Alerts section at investors.staar.com.


Forward-Looking Statements


This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often contain words such as “anticipate,” “believe,” “expect,” “plan,” “estimate,” “project,” “continue,” “will,” “should,” “may,” and similar terms. All statements in this press release that are not statements of historical fact are forward-looking statements. These forward-looking statements are neither promises nor guarantees and involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements, including, but not limited to: our ability to grow and generate profit; our reliance on independent distributors in international markets; a slowdown or disruption to the Chinese economy; global economic conditions; disruptions in our supply chain; fluctuations in foreign currency exchange rates; international trade disputes (including involving tariffs) and substantial dependence on demand from Asia; changes in effective tax rate or tax laws; any loss of use of our principal manufacturing facility; competition; potential losses due to product liability claims; our exposure to environmental liability; data corruption, cyber-based attacks or network security breaches and/or noncompliance with data protection and privacy regulations; acquisitions of new technologies; climate changes; the willingness of surgeons and patients to adopt a new or improved product and procedure; extensive clinical trials and resources devoted to research and development; compliance with government regulations; the discretion of regulatory agencies to approve or reject existing, new or improved products, or to require additional actions before or after approval, or to take enforcement action; laws pertaining to healthcare fraud and abuse; changes in FDA or international regulations related to product approval; product recalls or failures; and other important factors set forth in the Company’s Annual Report on Form 10-K for the year ended January 2, 2026 under the caption “Risk Factors,” which is filed with the Securities and Exchange Commission (the “SEC”) and available in the “Investor Information” section of the Company’s website under the heading “SEC Filings,” as any such factors may be updated from time to time in the Company’s other filings with the SEC.


Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



Consolidated Balance Sheets


(in 000's)


Unaudited






 


ASSETS

January 2, 2026

December 27, 2024


Current assets:






Cash and cash equivalents


$






153,150






 







$






144,159






 







Investments available for sale


 






34,386






 







 






86,335






 







Accounts receivable trade, net


 






50,064






 







 






77,897






 







Inventories, net


 






55,496






 







 






43,305






 







Prepayments, deposits, and other current assets


 






18,449






 







 






16,244






 







Total current assets


 






311,545






 







 






367,940






 







Property, plant, and equipment, net


 






73,323






 







 






84,889






 







Finance lease right-of-use assets, net


 






-






 







 






37






 







Operating lease right-of-use assets, net


 






29,609






 







 






36,850






 







Cloud-based software


 






30,700






 







 






15,763






 







Goodwill


 






1,786






 







 






1,786






 







Deferred income taxes


 






3,365






 







 






788






 







Other assets


 






1,350






 







 






1,471






 







Total assets


$






451,678






 







$






509,524






 











 


LIABILITIES AND STOCKHOLDERS' EQUITY






Current liabilities:






Accounts payable


$






11,574






 







$






16,704






 







Obligations under finance leases


 






-






 







 






42






 







Obligations under operating leases


 






5,872






 







 






3,894






 







Allowance for sales returns


 






10,199






 







 






6,579






 







Other current liabilities


 






40,859






 







 






43,087






 







Total current liabilities


 






68,504






 







 






70,306






 







Obligations under operating leases


 






32,481






 







 






34,807






 







Deferred income taxes


 






-






 







 






297






 







Asset retirement obligations


 






45






 







 






42






 







Deferred rent


 






89






 







 






-






 







Pension liability


 






6,375






 







 






6,737






 







Total liabilities


 






107,494






 







 






112,189






 











 


Stockholders' equity:






Common stock


 






498






 







 






493






 







Additional paid-in capital


 






504,682






 







 






471,449






 







Treasury Stock


 






(6,461






)







 






-






 







Accumulated other comprehensive loss


 






(6,511






)







 






(7,031






)







Accumulated deficit


 






(148,024






)







 






(67,576






)







Total stockholders' equity


 






344,184






 







 






397,335






 







Total liabilities and stockholders' equity


$






451,678






 







$






509,524






 















 



Consolidated Statements of Operations


(in 000's except for per share data)


Unaudited


























 





Three Months Ended






 






Twelve Months Ended










% of Sales






 






January 2,

2026






 






% of Sales






 






December 27,

2024






 






Fav (Unfav)

Amount






 






%






 






% of Sales






 






January 2,

2026






 






% of Sales






 






December 27,

2024






 






Fav (Unfav)

Amount






 






%







Net sales


100.0






%







$






57,801






 







100.0






%







$






48,950






 







$






8,851






 







18.1






%







100.0






%







$






239,442






 







100.0






%







$






313,901






 







$






(74,459






)







(23.7






)%































 


Cost of sales


24.3






%







 






14,060






 







35.3






%







 






17,302






 







 






3,242






 







18.7






%







23.8






%







 






57,022






 







23.7






%







 






74,319






 







 






17,297






 







23.3






%































 


Gross profit


75.7






%







 






43,741






 







64.7






%







 






31,648






 







 






12,093






 







38.2






%







76.2






%







 






182,420






 







76.3






%







 






239,582






 







 






(57,162






)







(23.9






)%































 


Selling, general and administrative expenses:


























General and administrative


33.9






%







 






19,593






 







43.6






%







 






21,344






 







 






1,751






 







8.2






%







35.8






%







 






85,783






 







28.6






%







 






89,898






 







 






4,115






 







4.6






%







Selling and marketing


44.7






%







 






25,839






 







58.1






%







 






28,443






 







 






2,604






 







9.2






%







42.8






%







 






102,528






 







37.3






%







 






116,978






 







 






14,450






 







12.4






%







Research and development


16.0






%







 






9,244






 







20.0






%







 






9,771






 







 






527






 







5.4






%







16.7






%







 






40,055






 







14.4






%







 






45,317






 







 






5,262






 







11.6






%







Total selling, general, and administrative expenses


94.6






%







 






54,676






 







121.7






%







 






59,558






 







 






4,882






 







8.2






%







95.3






%







 






228,366






 







80.3






%







 






252,193






 







 






23,827






 







9.4






%







Merger transaction and related costs


19.4






%







 






11,209






 







0.0






%







 






-






 







 






(11,209






)







0.0






%







7.2






%







 






17,135






 







0.0






%







 






-






 







 






(17,135






)







0.0






%







Restructuring, impairment and related charges


1.2






%







 






694






 







0.0






%







 






-






 







 






(694






)







0.0






%







12.0






%







 






28,632






 







0.0






%







 






-






 







 






(28,632






)







0.0






%







Total operating expenses


115.2






%







 






66,579






 







121.7






%







 






59,558






 







 






(7,021






)







(11.8






)%







114.5






%







 






274,133






 







80.3






%







 






252,193






 







 






(21,940






)







(8.7






)%































 


Operating loss


(39.5






)%







 






(22,838






)







(57.0






)%







 






(27,910






)







 






5,072






 







18.2






%







(38.3






)%







 






(91,713






)







(4.0






)%







 






(12,611






)







 






(79,102






)







(627.2






)%































 


Other income (expense):


























Interest income, net


1.8






%







 






1,072






 







3.2






%







 






1,553






 







 






(481






)







(31.0






)%







1.9






%







 






4,594






 







1.9






%







 






5,911






 







 






(1,317






)







(22.3






)%







Gain (loss) on foreign currency transactions


(0.9






)%







 






(535






)







(8.7






)%







 






(4,260






)







 






3,725






 







87.4






%







1.1






%







 






2,603






 







(1.3






)%







 






(3,675






)







 






6,278






 







170.8






%







Royalty income


0.0






%







 






-






 







0.0






%







 






-






 







 






-






 







0.0






%







0.0






%







 






-






 







0.1






%







 






508






 







 






(508






)







(100.0






)%







Other income, net


2.9






%







 






1,649






 







0.6






%







 






283






 







 






1,366






 







482.7






%







0.9






%







 






2,253






 







0.3






%







 






815






 







 






1,438






 







176.4






%







Total other income (expense), net


3.8






%







 






2,186






 







(4.9






)%







 






(2,424






)







 






4,610






 







190.2






%







3.9






%







 






9,450






 







1.0






%







 






3,559






 







 






5,891






 







165.5






%































 


Loss before provision for income taxes


(35.7






)%







 






(20,652






)







(61.9






)%







 






(30,334






)







 






9,682






 







31.9






%







(34.4






)%







 






(82,263






)







(3.0






)%







 






(9,052






)







 






(73,211






)







(808.8






)%































 


Provision (benefit) for income taxes


(4.1






)%







 






(2,343






)







8.0






%







 






3,894






 







 






6,237






 







160.2






%







(0.8






)%







 






(1,815






)







3.6






%







 






11,156






 







 






12,971






 







116.3






%































 


Net loss


(31.6






)%







 






(18,309






)







(69.9






)%







 






(34,228






)







 






15,919






 







46.5






%







(33.6






)%







 






(80,448






)







(6.6






)%







 






(20,208






)







 






(60,240






)







(298.1






)%































 


























 


Net loss per share - basic




 






(0.37






)









 






(0.69






)













 






(1.62






)









 






(0.41






)











Net loss per share - diluted




 






(0.37






)









 






(0.69






)













 






(1.62






)









 






(0.41






)



































 


Weighted average shares outstanding - basic




 






49,758






 









 






49,266






 













 






49,568






 









 






49,125






 











Weighted average shares outstanding - diluted




 






49,758






 









 






49,266






 













 






49,568






 









 






49,125






 



































 



Consolidated Statements of Cash Flows


(in 000's)


Unaudited










 




Three Months Ended

Twelve Months Ended




January 2,
2026

December 27,
2024

January 2,
2026

December 27,
2024


Cash flows from operating activities:










Net loss


$






(18,309






)







$






(34,228






)







$






(80,448






)







$






(20,208






)







Adjustments to reconcile net loss to net cash provided by (used in) operating activities:










Depreciation of property and equipment


 






2,007






 







 






2,375






 







 






8,319






 







 






6,891






 







Amortization of capitalized cloud-based software


 






105






 







 






-






 







 






409






 







 






-






 







Non-cash operating lease expense


 






905






 







 






973






 







 






3,570






 







 






3,562






 







Impairment of fixed assets and operating leases


 






811






 







 






-






 







 






15,404






 







 






-






 







Gain on fixed asset recovery


 






(1,458






)







 






-






 







 






(1,458






)







 






-






 







Accretion/Amortization of investments available for sale


 






(143






)







 






(681






)







 






(198






)







 






(1,091






)







Deferred income taxes


 






(2,198






)







 






3,543






 







 






(2,916






)







 






3,590






 







Change in net pension liability


 






(292






)







 






188






 







 






(249






)







 






26






 







Stock-based compensation expense


 






8,613






 







 






4,669






 







 






30,588






 







 






27,210






 







Change in asset retirement obligation


 






4






 







 






(77






)







 






4






 







 






(53






)







Loss on disposal of property and equipment


 






51






 







 






26






 







 






74






 







 






1,694






 







Provision for sales returns and bad debts


 






2,689






 







 






(1,661






)







 






3,664






 







 






286






 







Inventory provision


 






2,073






 







 






909






 







 






5,334






 







 






2,782






 







Changes in working capital:










Accounts receivable


 






9,830






 







 






26,196






 







 






27,834






 







 






16,493






 







Inventories


 






(4,532






)







 






(4,038






)







 






(16,981






)







 






(10,000






)







Prepayments, deposits and other assets


 






(2,403






)







 






440






 







 






(1,352






)







 






(2,006






)







Cloud-based software


 






(4,700






)







 






(3,566






)







 






(15,764






)







 






(13,357






)







Accounts payable


 






2,404






 







 






2,106






 







 






(5,507






)







 






75






 







Other current and long-term liabilities


 






629






 







 






3,468






 







 






(4,557






)







 






(169






)







Net cash provided by (used in) operating activities


 






(3,914






)







 






642






 







 






(34,230






)







 






15,725






 















 


Cash flows from investing activities:










Acquisition of property and equipment


 






(1,677






)







 






(5,725






)







 






(5,820






)







 






(23,394






)







Purchase of investments available for sale


 






(48,899






)







 






(19,046






)







 






(75,363






)







 






(80,240






)







Proceeds from sale or maturity of investments available for sale


 






31,161






 







 






5,276






 







 






127,522






 







 






44,417






 







Net provided by (used in) investing activities


 






(19,415






)







 






(19,495






)







 






46,339






 







 






(59,217






)















 


Cash flows from financing activities:










Repayment of finance lease obligations


 






-






 







 






(41






)







 






(42






)







 






(165






)







Repurchase of common stock


 






-






 







 






-






 







 






(6,461






)







 






-






 







Repurchase of employee common stock for taxes withheld


 






(164






)







 






(109






)







 






(1,520






)







 






(1,505






)







Proceeds from vested restricted stock and exercise of stock options


 






114






 







 






40






 







 






3,468






 







 






7,394






 







Net cash provided by (used in) financing activities


 






(50






)







 






(110






)







 






(4,555






)







 






5,724






 















 


Effect of exchange rate changes on cash and cash equivalents


 






374






 







 






(881






)







 






1,437






 







 






(1,111






)















 


Increase (decrease) in cash and cash equivalents


 






(23,005






)







 






(19,844






)







 






8,991






 







 






(38,879






)







Cash and cash equivalents, at beginning of the period


 






176,155






 







 






164,003






 







 






144,159






 







 






183,038






 







Cash and cash equivalents, at end of the period


$






153,150






 







$






144,159






 







$






153,150






 







$






144,159






 























 



Reconciliation of Non-GAAP Financial Measure


Net Income to Adjusted EBITDA


(in 000's except for per share data)


Unaudited
























 





 






2023






 






 






Q1-24






 






Q2-24






 






Q3-24






 






Q4-24(5)






 






 






2024(5)







 






Q1-25






 






Q2-25(5)






 






Q3-25(5)






 






Q4-25






 






2025(5)








Net income (loss) - (as reported)


$






21,347






 







$






(3,339






)







$






7,379






 







$






9,980






 







$






(34,228






)







$






(20,208






)







$






(54,211






)







$






(16,812






)







$






8,884






 







$






(18,309






)







$






(80,448






)







Provision (benefit) for income taxes


 






12,349






 







 






1,128






 







 






2,955






 







 






3,179






 







 






3,894






 







 






11,156






 







 






(275






)







 






(9,103






)







 






9,906






 







 






(2,343






)







 






(1,815






)







Other (income) expense, net


 






(5,599






)







 






(70






)







 






1,564






 







 






(7,477






)







 






2,424






 







 






(3,559






)







 






(2,915






)







 






(4,049






)







 






(300






)







 






(2,186






)







 






(9,450






)







Depreciation


 






5,111






 







 






1,237






 







 






1,522






 







 






1,757






 







 






2,375






 







 






6,891






 







 






2,337






 







 






1,975






 







 






2,000






 







 






2,007






 







 






8,319






 







(Gain) loss on disposal of property plant and equipment(2)


 






73






 







 






-






 







 






26






 







 






1,642






 







 






26






 







 






1,694






 







 






-






 







 






-






 







 






23






 







 






51






 







 






74






 







Amortization of capitalized cloud-based software


 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






53






 







 






147






 







 






104






 







 






105






 







 






409






 







Restructuring, impairment and related charges(3)


 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






22,664






 







 






5,248






 







 






26






 







 






694






 







 






28,632






 







Merger transaction and related costs(4)


 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






5,926






 







 






11,209






 







 






17,135






 







Amortization of intangible assets


 






13






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







Stock-based compensation


 






23,516






 







 






6,339






 







 






9,042






 







 






7,160






 







 






4,669






 







 






27,210






 







 






6,015






 







 






7,802






 







 






8,158






 







 






8,613






 







 






30,588






 







Adjusted EBITDA


$






56,810






 







$






5,295






 







$






22,488






 







$






16,241






 







$






(20,840






)







$






23,184






 







$






(26,332






)







$






(14,792






)







$






34,727






 







$






(159






)







$






(6,556






)







Net income (loss) as a % of Sales


 






6.7






%







 






(4.3






)%







 






7.4






%







 






11.3






%







 






(69.9






)%







 






(6.6






)%







 






(127.3






)%







 






(38.0






)%







 






9.3






%







 






(31.6






)%







 






(33.6






)%







Adjusted EBITDA as a % of Sales


 






17.6






%







 






6.8






%







 






22.7






%







 






18.3






%







 






(42.6






)%







 






7.4






%







 






(61.8






)%







 






(33.4






)%







 






36.7






%







 






(0.3






)%







 






(2.7






)%





























 


Net income (loss) per share, diluted - (as reported)


$






0.43






 







$






(0.07






)







$






0.15






 







$






0.20






 







$






(0.69






)







$






(0.41






)







$






(1.10






)







$






(0.34






)







$






0.18






 







$






(0.37






)







$






(1.62






)







Provision (benefit) for income taxes


 






0.25






 







 






0.02






 







 






0.06






 







 






0.06






 







 






0.08






 







 






0.22






 







 






(0.01






)







 






(0.18






)







 






0.20






 







 






(0.05






)







 






(0.04






)







Other (income) expense, net


 






(0.11






)







 






-






 







 






0.03






 







 






(0.15






)







 






0.05






 







 






(0.07






)







 






(0.06






)







 






(0.08






)







 






(0.01






)







 






(0.04






)







 






(0.19






)







Depreciation


 






0.10






 







 






0.03






 







 






0.03






 







 






0.04






 







 






0.05






 







 






0.14






 







 






0.05






 







 






0.04






 







 






0.04






 







 






0.04






 







 






0.17






 







(Gain) loss on disposal of property plant and equipment


 






-






 







 






-






 







 






-






 







 






0.03






 







 






-






 







 






0.03






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







Amortization of capitalized cloud-based software


 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






0.01






 







Restructuring, impairment and related charges


 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






0.46






 







 






0.11






 







 






-






 







 






0.01






 







 






0.58






 







Merger transaction and related costs


 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






0.12






 







 






0.23






 







 






0.35






 







Amortization of intangible assets


 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







 






-






 







Stock-based compensation


 






0.48






 







 






0.13






 







 






0.18






 







 






0.14






 







 






0.09






 







 






0.55






 







 






0.12






 







 






0.16






 







 






0.16






 







 






0.17






 







 






0.62






 







Adjusted EBITDA per share, diluted(1)


$






1.15






 







$






0.11






 







$






0.45






 







$






0.33






 







$






(0.42






)







$






0.47






 







$






(0.53






)







$






(0.30






)







$






0.69






 







$






-






 







$






(0.13






)





























 


Weighted average shares outstanding - Diluted


 






49,427






 







 






48,907






 







 






49,811






 







 






49,731






 







 






49,266






 







 






49,597






 







 






49,344






 







 






49,520






 







 






50,549






 







 






49,758






 







 






49,568






 









(1)






Adjusted EBITDA per diluted share may not add due to rounding.








(2)






The Q3-2024 non cash write-off of $1.6M was related to the former EVO Experience Center.








(3)






This was related to severance, consulting expenses and impairment on operating leases, machinery and equipment, leasehold improvements and internally developed software.








(4)






These are costs related to the merger with Alcon, which was terminated on January 6, 2026.








(5)






As previously disclosed, in December 2024 the Company shipped $27.5 million of ICLs to one of its distributors in China (the “December China Shipment”). The December China Shipment was subject to extended payment terms and was paid in full during Q3 FY25 pursuant to such payment terms. Cost of sales for the December China Shipment of $3.9 million was recognized upon shipment in Q4 FY24. Net sales for the December China Shipment were recognized as payments were received, with $1.6 million and $25.9 million of net sales recognized in Q2 FY25 and Q3 FY25, respectively, at 100% gross margin. If the cost of sales was recognized during the same period as the corresponding net sales, cost of sales related to the December China Shipment would have been $0.2 million and $3.7 million in Q2 FY25 and Q3 FY25, respectively.
























 


Sales by Geography


(in 000's)


Unaudited








Fiscal Year






 






Three Months Ended







Sales by Region(1)


 






2023






 






 






 






2024






 






 






 






2025






 






 






December 27,

2024






 






March 28,

2025






 






June 27,

2025






 






September 26,

2025






 






January 2,

2026























 


Americas(2)


$






22,315






 







$






25,229






 







$






28,788






 







$






6,387






 







$






6,739






 







$






7,307






 







$






7,211






 







$






7,531






 























 


EMEA(3)


 






40,063






 







 






43,511






 







 






44,733






 







 






12,286






 







 






13,110






 







 






11,436






 







 






10,364






 







 






9,823






 























 


APAC(4)


 






260,037






 







 






245,161






 







 






165,921






 







 






30,277






 







 






22,740






 







 






25,577






 







 






77,157






 







 






40,447






 























 


Global Sales


$






322,415






 







$






313,901






 







$






239,442






 







$






48,950






 







$






42,589






 







$






44,320






 







$






94,732






 







$






57,801






 























 


Global Sales Growth


 






13






%







 






(3






)%







 






(24






)%







 






(36






)%







 






(45






)%







 






(55






)%







 






7






%







 






18






%























 


Americas Sales Growth


 






13






%







 






13






%







 






14






%







 






20






%







 






9






%







 






10






%







 






20






%







 






18






%























 


EMEA Sales Growth


 






(2






)%







 






9






%







 






3






%







 






7






%







 






16






%







 






11






%







 






8






%







 






(20






)%























 


APAC Sales Growth


 






16






%







 






(6






)%







 






(32






)%







 






(49






)%







 






(62






)%







 






(69






)%







 






6






%







 






34






%























 


Global ICL Unit Growth


 






19






%







 






(6






)%







 






(27






)%







 






(39






)%







 






(48






)%







 






(63






)%







 






9






%







 






15






%























 





Fiscal Year






 






Three Months Ended







Sales by Country(5)


 






2023






 






 






 






2024






 






 






 






2025






 






 






December 27, 2024






 






March 28, 2025






 






June 27, 2025






 






September 26, 2025






 






January 2, 2026























 


China


$






184,569






 







$






162,287






 







$






77,781






 







$






7,823






 







$






(877






)







$






5,299






 







$






55,833






 







$






17,526






 







Growth


 






25






%







 






(12






)%







 






(52






)%







 






(81






)%







 






(102






)%







 






(92






)%







 






6






%







 






124






%























 


Japan


$






38,468






 







$






41,841






 







$






45,265






 







$






10,963






 







$






11,395






 







$






10,915






 







$






11,226






 







$






11,729






 







Growth


 






(11






)%







 






9






%







 






8






%







 






10






%







 






9






%







 






10






%







 






7






%







 






7






%























 


South Korea


$






19,880






 







$






21,636






 







$






23,380






 







$






5,880






 







$






7,522






 







$






4,293






 







$






5,491






 







$






6,074






 







Growth


 






11






%







 






9






%







 






8






%







 






17






%







 






12






%







 






9






%







 






8






%







 






3






%























 


United States


$






17,221






 







$






19,896






 







$






22,558






 







$






4,881






 







$






5,459






 







$






5,635






 







$






5,632






 







$






5,832






 







Growth


 






17






%







 






16






%







 






13






%







 






17






%







 






11






%







 






4






%







 






20






%







 






19






%























 


Global Sales Ex China


$






137,846






 







$






151,614






 







$






161,661






 







$






41,127






 







$






43,466






 







$






39,021






 







$






38,899






 







$






40,275






 







Growth


 






1






%







 






10






%







 






7






%







 






14






%







 






12






%







 






10






%







 






8






%







 






(2






)%








Notes:



(1)






Certain adjustments have been reclassed from EMEA to APAC. Prior periods have changed to conform to the current presentation.








(2)






Americas includes the United States, Canada and Latin American countries.








(3)






EMEA includes Spain, Germany, United Kingdom, European, Middle East and Africa Distributors.








(4)






APAC includes China, Japan, South Korea, India and the rest of Asia Pacific distributors.








(5)






Sales by country includes countries representing more than 5% of total sales in the most recently completed fiscal year.








 



Constant Currency Sales


Constant Currency Sales


(in 000's)


Unaudited



















 




Three Months Ended

Three Months Ended

As Reported

Constant Currency



Sales

January 2,
2026

Effect of
Currency

Constant
Currency

December 27,
2024

$ Change

% Change

$ Change

% Change



Total Sales


$






57,801







$






(702






)







$






57,099







$






48,950







$






8,851






 







18.1






%







$






8,149






 







16.6






%

























 




Twelve Months Ended

Twelve Months Ended

As Reported

Constant Currency



Sales

January 2,
2026

Effect of
Currency

Constant
Currency

December 27,
2024

$ Change

% Change

$ Change

% Change



Total Sales


$






239,442







$






(1,992






)







$






237,450







$






313,901







$






(74,459






)







(23.7






)%







$






(76,451






)







(24.4






)%








 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260303436397/en/
Investor/Media Contact:

Connie Johnson

cjohnson@staar.com

(626) 303-7902 (ext. 2207)


Asia Investor/Media Contact:

Niko Liu, CFA

nliu@staar.com

United States: (626) 303-7902 (ext. 3023)

Hong Kong: +852 6092-5076


ir@staar.com


Original: STAAR Surgical Reports Fourth Quarter and Fiscal Year 2025 Results
👍️0
US Market News US Market News 4 months ago
STAAR Surgical Issues Shareholder LetterMarch 3, 2026 4:02 PM
Business Wire
STAAR Surgical Company (NASDAQ: STAA), the global leader in phakic IOLs with the EVO family of Implantable Collamer® Lenses (EVO ICL™) for vision correction, today issued a Shareholder Letter on Tuesday, March 3 after the market close. STAAR’s results release can be found here: https://investors.staar.com/news-and-events/press-releases.


Fellow Shareholders,


This past month marked an important transition for our company as we stepped into the roles of Interim co-Chief Executive Officers. We are honored by the Board’s confidence and deeply grateful for the dedication of our employees, the loyalty of our customers, and the opportunity to serve you—our shareholders. It is with great pleasure that we take on the responsibility of leading this organization.


STAAR has a long and successful history, and we intend to honor that heritage while advancing the organization forward with focus and urgency. We bring a shared philosophy centered on revenue growth, profitability expansion, and accelerated innovation. We are committed to being shareholder-focused, deeply engaged with our customers, and attentive listeners to our employees, surgeons, distributors, and investors. We believe in empowerment and accountability, clear priorities, and disciplined execution. Leadership transitions are moments not only to preserve what works, but to sharpen focus, accelerate innovation, and elevate our ambitions. STAAR has everything it takes to deliver on these goals: superior technology, trusted relationships with our partners and the team to execute.


As co-CEOs, our partnership is rooted in complementary experience, shared values, and a unified commitment to long-term value creation. We believe this structure enhances decision-making, deepens operational oversight, and positions us to move with both agility and discipline. Above all, we are aligned around a simple objective: delivering sustainable and profitable growth while strengthening the durability and competitiveness of our company.


We may not always get it right, but we approach the year ahead with confidence, rooted in the quality of STAAR’s products and our team, and urgency based on the exciting opportunities ahead and the multiple projects and priorities that we must convert to accomplishments. In the pages that follow, we outline our performance, the strategic priorities guiding our actions, and how we intend to create enduring value for our shareholders.


Thank you for your continued trust and partnership.


2025 was a difficult year of transition for STAAR. We expect 2026 to be a much better year, a year of growth, improving profitability, and meaningful progress across our innovation pipeline.


Less than five years ago, STAAR was experiencing a period of hypergrowth, and we believed that we could continue that pace well into the future. That success was built on the durable advantages of our Collamer® lens material and the growing global recognition that the future of refractive surgery is lens-based. Those advantages remain powerful today. Across most markets, refractive surgery continues to take steps toward lens-based procedures and away from laser-vision correction procedures that require corneal tissue removal.


Over the past four years, however, a combination of macroeconomic headwinds—particularly in China, our largest market—and underperforming initiatives contributed to slower revenue growth, increased our cost structure, reduced our profitability, and delayed progress in our innovation pipeline. Some of our strategic efforts to grow revenue through heavy investments in consumer marketing – particularly in the United States – didn’t deliver in the way that we expected. These challenges understandably impacted investor confidence in STAAR.


In early 2025, we took decisive action. We shifted our marketing focus to a much more controlled, targeted approach that we believe will deliver considerably better return on investment. We temporarily paused shipments to China to address elevated channel inventory, initiated significant cost reductions, and accelerated manufacturing expansion in Switzerland in response to rising tariffs. These steps were difficult but necessary to reset the business and position STAAR for renewed growth and profitability.


Midway through the year, we entered a period of additional disruption related to the proposed merger with Alcon. This development created temporary uncertainty across parts of our distribution network and diverted management focus. In January 2026, our shareholders overwhelmingly rejected that proposal, allowing STAAR to return its full attention to long-term value creation. Shortly thereafter, we strengthened Board alignment by adding directors directly representing over 37% of our outstanding shares. And in February, we implemented new leadership at the CEO level using a co-CEO structure designed to enhance execution and accountability.


Our 2025 cost actions reversed the expense growth of prior years, and we achieved significant cost savings in 2025. As revenue recovers, we intend to maintain this cost discipline, positioning the company to return to profitability. Because our proprietary products earn strong gross margins, our operating margin has the potential to be quite high if we execute our plans effectively. We feel confident that our technology, product roadmap and ability to execute will enable us to both invest to generate significant revenue growth and achieve a substantial operating margin.


China Recovery and Operational Reset


Over the last several years, China’s economy faced a series of disruptions beginning with the COVID-19 pandemic. While the economy grew in each calendar year, the pandemic and its aftermath created significant quarterly volatility. Consumer spending was particularly uneven, at times declining temporarily, in part due to a historic housing downturn.


As the EVO ICL is a cash pay, premium procedure, these dynamics led to meaningful volatility in refractive procedure volumes and a prolonged pause in overall market growth. As a result, EVO ICL procedure growth slowed, and distributor inventories increased until we adjusted them in 2025.


During much of this period, STAAR did not have complete visibility into downstream inventory levels or actual EVO ICL procedure volumes. Over the past year, we have invested time and effort in more comprehensive data processes and analyses that now provide improved and still evolving insight into inventories across the channel. While this work is ongoing, our visibility has improved materially and will continue to strengthen.


Encouragingly, conditions in China began to stabilize in 2025. In-market EVO ICL demand recovered at an estimated mid-single-digit rate as distributor inventories normalized. Procedure volumes accelerated in the fourth quarter, and our largest customer in China reported continued market share gains for EVO ICL and other premium refractive procedures.


At the same time, Chinese government fiscal and monetary stimulus beginning in late 2024 has helped support consumer spending. Housing prices have remained weak, but the Chinese stock market has surged. Global luxury brands, that previously had reported declining sales in China largely reported a return to growth by late 2025. And throughout 2025, demand for refractive surgery was materially less volatile than in prior years.


We are encouraged by this stabilization and remain optimistic about the long-term opportunity in China. Refractive surgery penetration in China remains well below that of many developed markets, even though China has one of the highest rates of myopia in the world.


Beyond China, other emerging market countries in Asia present compelling long-term growth opportunities. Parts of India, for example, are now reaching income and urbanization levels similar to where refractive surgery began accelerating in China, and several other Asian markets offer strong future potential. Outside of Asia Pacific, we continue to build on our foundation of success in Europe, the Middle East, and in the Americas. In the United States, we have improved our cost structure to better align with revenue while continuing to deliver respectable growth. EVO ICL growth is occurring against a broader U.S. refractive market in which laser-based procedures, which require corneal tissue removal, have declined at double-digit rates since 2022. Excluding the temporary post-COVID rebound in 2021, that market has been in decline since 2018, with the rate of decline accelerating from approximately 8% to nearly 20%. Our growth in EMEA has been steady and reliable, and we believe we can continue having success despite declines in laser vision correction procedures.


As the ophthalmology community has discussed for years, the global epidemics of myopia and dry eye disease continue. Refractive surgery addresses myopia, and notably, lens-based refractive surgery does not cause dry eye disease. STAAR is the global leader in lens-based refractive surgery and intends to continue leading the field with our Collamer material and continuing innovation.


Inventory Normalization, Cost Discipline, and Strategic Execution


Our most significant operational challenge in 2025 was working through rebalancing product inventory in China following weakened demand in 2024. That year saw a double-digit decline in in-market EVO ICL sales and elevated inventory levels. In response, we deliberately paused shipments, normalized channel inventory, and strengthened distributor discipline.


These actions were painful but necessary. By late 2025, inventory held by our distributor customers in China had declined below contractual levels, in-market sales and procedures improved, and business momentum began to return.


At the same time, we executed a comprehensive cost-reduction program. Prior to 2024, STAAR had delivered strong adjusted earnings per share for six consecutive years. However, operating expense growth began to outpace revenue growth in 2023.


In early 2025, we acted decisively, and reduced our operating expenses before merger and restructuring charges—beating our second half run rate target of $225 million which we communicated to investors back in Q1’25. As our revenue recovers, we intend to maintain this cost discipline, positioning STAAR for a return to profitability. Over time, we believe that we can return our business to the double-digit operating margin that we consistently achieved a few years ago, while also returning to substantial revenue growth.


Midway through 2025, our business also entered a period of one-time disruptions related to the proposed merger with Alcon. Some distributors returned inventory or paused activity amid merger-related uncertainty. While these disruptions depressed our fourth-quarter results, we believe that reduced distributor inventories will lead to improved revenue in 2026 and beyond. Since the termination of the Alcon merger agreement in January 2026, we have renewed our focus on revenue growth, improving profitability, and accelerating innovation to drive long-term standalone value creation.


Manufacturing Expansion and Tariff Mitigation


In early 2025, rising international tariffs created additional headwinds for our business. STAAR mitigated near-term exposure by deploying temporary consignment inventory to distributors and leveraging existing China-held inventory, while simultaneously accelerating our manufacturing expansion in Nidau, Switzerland.


Our Swiss facility began producing commercial product in 2025 and is now focused exclusively on building EVO and EVO+ for China. This approach allows us to supply China with next-generation lenses that are not subject to US-China tariff volatility. While this transition has carried incremental and duplicative costs, it helps mitigate tariff exposure, and it significantly strengthens our long-term supply chain resilience. We are pleased with our progress on manufacturing yields and quality metrics that we are now achieving in Nidau, which provide a strong base for increased manufacturing volume.


Product Momentum and Pipeline Progress


Momentum is growing across our product portfolio.


In mid-2025, we received regulatory approval in China for EVO+, our next-generation ICL featuring a larger optic zone designed to improve visual quality for patients with larger pupils. Initial shipments began from Switzerland to China in November of 2025, and early customer demand has exceeded expectations. We expect EVO+ in China to continue to command higher average selling prices and contribute to long-term margin expansion as production scales.


In the U.S., the FDA recently expanded EVO ICL’s approved age range from 21–45 to 21–60, opening access to nearly eight million additional potential patients. In markets where EVO ICL is approved up to age 60, patients aged 46–60 typically represent approximately 6% of the EVO ICL patient base. In 2025, we also received regulatory approval for Taiwan. We plan to expand our efforts in that market in 2026 and beyond as we believe it represents an exciting opportunity for STAAR.


Over time, EVO ICL has grown to represent an estimated 12% of refractive surgeries globally, while overall laser vision correction procedures, which require corneal tissue removal, have trended lower.


Our development pipeline offers additional promise to further increase the advantages of lens-based refractive surgery and expand our addressable market. We look forward to updating you on this progress throughout 2026.


Strengthening the Organization


During 2025, we strengthened key areas of our leadership team to support operational excellence and regional execution. In June, we welcomed Filip De Keersmaecker as Senior Vice President, End-to-End Supply Chain. Filip brings deep operational expertise and is leading the effort to ensure product availability while improving working capital. He will also be focused on improving manufacturing efficiency, quality metrics, and supply chain resiliency.


In September, we appointed Ying Chen as Senior Vice President of APAC. Ying brings fresh perspective and strong leadership experience. Her addition strengthens our execution in Asia Pacific and supports our efforts to improve commercial discipline and alignment in China and across the broader region.


We believe these leadership additions meaningfully strengthen our operational foundation as we enter 2026.


Positioned for 2026 and Beyond


With China inventory normalization largely complete, strong early demand for EVO+ in China, meaningful cost reductions behind us, and Swiss manufacturing expansion ramping, we enter 2026 positioned for renewed growth and improving profitability.


During 2026 we are focused on three core objectives:



Revenue Growth - Drive revenue growth through focus and execution — accelerating performance in key markets while working to unlock new opportunities




Profit Expansion - Profit expansion through disciplined investing, focusing on markets with the highest returns, improving costs enterprise-wide, increasing manufacturing yields, maximizing fair ASPs, and scrutinizing distributor economics




Innovation Acceleration - Innovation acceleration by delivering near-term enhancements to our product portfolio while strengthening our next-generation pipeline



STAAR possesses differentiated proprietary material in Collamer, exceptional optical technology in EVO ICL, and a proven ability to gain market share. With a large addressable opportunity driven by rising global myopia prevalence, we believe STAAR has a winning formula.


Our Board, leadership team, and employees are aligned, our strategy is clear, and our focus is on disciplined execution and the urgent task of long-term shareholder value creation.


Thank you for your continued support.


Sincerely,


Warren Foust

Interim Co-Chief Executive Officer

President and Chief Operating Officer


Deborah Andrews

Interim Co-Chief Executive Officer

Chief Financial Officer


About STAAR Surgical


STAAR Surgical (NASDAQ: STAA) is the global leader in implantable phakic intraocular lenses, a vision correction solution that reduces or eliminates the need for glasses or contact lenses. Since 1982, STAAR has been dedicated solely to ophthalmic surgery, and for 30 years, STAAR has been designing, developing, manufacturing, and marketing advanced Implantable Collamer® Lenses (ICLs), using its proprietary biocompatible Collamer material. STAAR ICL’s are clinically-proven to deliver safe long-term vision correction without removing corneal tissue or the eye’s natural crystalline lens. Its EVO ICL™ product line provides visual freedom through a quick, minimally invasive procedure. STAAR has sold more than 4 million ICLs in over 85 countries. Headquartered in Lake Forest, California, the company operates research, development, manufacturing, and packaging facilities in California and Switzerland. For more information about ICL, visit www.EVOICL.com. To learn more about STAAR, visit www.staar.com.


Safe Harbor


All statements that are not statements of historical fact are forward-looking statements, including statements about any of the following: any financial projections (including sales), plans, strategies, and objectives of management for 2026 and beyond or prospects for achieving such plans, expectations for sales, revenue, margin, expenses or earnings, and any statements of assumptions underlying any of the foregoing, including those relating to expected or future financial performance. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include risks and uncertainties related to our ability to grow or generate profit; global economic conditions; the discretion of regulatory agencies to approve or reject existing, new or improved products, or to require additional actions before or after approval, or to take enforcement action; international trade disputes and substantial dependence on demand from Asia; and the willingness of surgeons and patients to adopt a new or improved product and procedure; as well as the factors set forth in the Company’s Annual Report on Form 10-K for the year ended January 2, 2026 under the caption “Risk Factors,” which is filed with the Securities and Exchange Commission and available in the “Investor Information” section of the Company’s website under the heading “SEC Filings” And in our other filings with the Securities and Exchange Commission. We disclaim any intention or obligation to update or revise any financial projections or forward-looking statement due to new information or events. These statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements.


We intend to use our website as a means of disclosing material non-public information about the Company and complying with Regulation FD. Such disclosures will be included on our website in the ‘Investor Relations’ sections at investors.staar.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, SEC filings and public conference calls and webcasts. In addition, you may automatically receive email alerts and other information about the Company when you enroll your email address by visiting the News & Alerts section at https://investors.staar.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260303983177/en/
Investor/Media Contact: ir@staar.com


Connie Johnson

cjohnson@staar.com

(626) 303-7902 (ext. 2207)


Asia Investor/Media Contact:

Niko Liu, CFA

nliu@staar.com

United States: (626) 303-7902 (ext. 3023)

Hong Kong: +852 6092-5076


Original: STAAR Surgical Issues Shareholder Letter
👍️0
US Market News US Market News 4 months ago
STAAR Surgical to Host Fourth Quarter and Fiscal Year 2025 Earnings Conference Call and Webcast on March 3, 2026February 23, 2026 4:01 PM
Business Wire
STAAR Surgical Company (NASDAQ: STAA), the global leader in phakic IOLs with the EVO family of Implantable Collamer® Lenses (EVO ICL™) for vision correction, today announced that it will release financial results for the fourth quarter and fiscal year ended January 2, 2026, on Tuesday, March 3 after the market close. The Company will also host an earnings call and webcast at 5:30 p.m. ET to discuss its financial results and business progress.


Event: STAAR Surgical Fourth Quarter and Fiscal Year 2025 Financial Results Webcast


Date: Tuesday, March 3, 2026


Time: 5:30 p.m. ET/ 2:30 p.m. PT


Location: https://event.choruscall.com/mediaframe/webcast.html?webcastid=J3bNAuVd


Topics on the call will include:



Review of Fiscal Year 2025 Operations and Financial Results



China Recovery and Operational Improvements



Inventory Normalization



Cost Discipline



Update on Manufacturing Expansion in Switzerland



Innovation Pipeline Progress



2026 Strategic Focus



The live webcast, including an option to pre-register, can be accessed at the preceding link or the “Investors” section of the STAAR website at https://investors.staar.com/. A webcast replay will be available at the same link for at least 90 days.


About STAAR Surgical


STAAR Surgical (NASDAQ: STAA) is the global leader in implantable phakic intraocular lenses, a vision correction solution that reduces or eliminates the need for glasses or contact lenses. Since 1982, STAAR has been dedicated solely to ophthalmic surgery, and for 30 years, STAAR has been designing, developing, manufacturing, and marketing advanced Implantable Collamer® Lenses (ICLs), using its proprietary biocompatible Collamer material. STAAR ICL’s are clinically-proven to deliver safe long-term vision correction without removing corneal tissue or the eye’s natural crystalline lens. Its EVO ICL™ product line provides visual freedom through a quick, minimally invasive procedure. STAAR has sold more than 3.5 million ICLs in over 75 countries. Headquartered in Lake Forest, California, the company operates research, development, manufacturing, and packaging facilities in California and Switzerland. For more information about ICL, visit www.EVOICL.com. To learn more about STAAR, visit www.staar.com.


Safe Harbor


All statements that are not statements of historical fact are forward-looking statements, including statements about any of the following: any financial projections (including sales), plans, strategies, and objectives of management for 2026 and beyond or prospects for achieving such plans, expectations for sales, revenue, margin, expenses or earnings, and any statements of assumptions underlying any of the foregoing, including those relating to expected or future financial performance. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include risks and uncertainties related to global economic conditions, as well as the factors set forth in the Company’s Annual Report on Form 10-K for the year ended December 27, 2024 under the caption “Risk Factors,” which is on file with the Securities and Exchange Commission and available in the “Investor Information” section of the Company’s website under the heading “SEC Filings.” We disclaim any intention or obligation to update or revise any financial projections or forward-looking statement due to new information or events. These statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The risks and uncertainties include the following: global economic conditions; the discretion of regulatory agencies to approve or reject existing, new or improved products, or to require additional actions before or after approval, or to take enforcement action; international trade disputes and substantial dependence on demand from Asia; and the willingness of surgeons and patients to adopt a new or improved product and procedure.


We intend to use our website as a means of disclosing material non-public information about the Company and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included on our website in the ‘Investor Relations’ sections at investors.staar.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, SEC filings and public conference calls and webcasts. In addition, you may automatically receive email alerts and other information about the Company when you enroll your email address by visiting the News & Alerts section at https://investors.staar.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260223189943/en/
Investor/Media Contact: ir@staar.com


Connie Johnson

cjohnson@staar.com

(626) 303-7902 (ext. 2207)


Asia Investor/Media Contact:

Niko Liu, CFA

nliu@staar.com

United States: (626) 303-7902 (ext. 3023)

Hong Kong: +852 6092-5076


Original: STAAR Surgical to Host Fourth Quarter and Fiscal Year 2025 Earnings Conference Call and Webcast on March 3, 2026
👍️0
US Market News US Market News 5 months ago
FDA Expands U.S. Age Indication for EVO ICL as Long-Term Safety Data Reinforces Market Shift Away From Laser Vision CorrectionFebruary 17, 2026 4:01 PM
Business Wire
New FDA expansion of U.S. age indication extends EVO ICL use for patients 21 to 60 years old – making EVO ICL available to nearly 8 million additional refractive patients


Lens-based vision correction with EVO ICL is now the leading procedure for U.S. patients with -8.0 diopters and above


U.S. refractive market continues to shift away from laser-based refractive procedures that require corneal tissue removal


STAAR Surgical Company (NASDAQ: STAA), the global leader in phakic IOLs with the EVO family of Implantable Collamer® Lenses (EVO ICL™) for vision correction, today announced that the U.S. Food and Drug Administration (FDA) has approved an expanded age indication for EVO/EVO+ Visian® Implantable Collamer Lenses, extending use to patients 21 to 60 years old. The approval came shortly after publication of three-year FDA clinical trial safety data, reinforcing the long-term safety profile of the EVO ICL.1 The EVO ICL was previously approved for U.S. patients 21 to 45 years old. The age range indication expansion helps to further increase the addressable market for the EVO ICL in the U.S. and allow its benefits to be brought to more patients. The achievement of the age range expansion in the U.S. is part of a continuing STAAR effort to expand our EVO ICL offering to a broader patient population globally.


A Shift in Patient Preference


The additional approval comes amid a notable shift in the U.S. refractive vision correction market. Laser-based refractive procedures that require corneal tissue removal are at a multi-decade low, declining nearly 40% over the past three years.2 Meanwhile, EVO ICL implantations in the U.S. have been growing. Recent patient research indicates that more than half (53%) of U.S. vision correction consumers are now interested in alternatives to LASIK,3 signaling a meaningful change in how patients approach refractive care.


Evolving the Treatment Paradigm for High Myopia


This shift away from laser-based procedures is particularly evident among patients with higher levels of myopia (nearsightedness). A recent AECOS study across 19 U.S. practices, helmed by industry-leading surgeons in the refractive space, found that EVO ICL was the most-performed refractive procedure (72%) in patients with -8.0 diopters and above, indicating that lens-based solutions are increasingly shaping the treatment approach for high myopia.4


Long-Term Safety


In parallel with these market trends, long-term clinical evidence for EVO ICL continues to strengthen. In the FDA clinical trial, 629 eyes were followed for three years, demonstrating a strong safety profile with a safety index of 1.25 at three years, no reported cases of pupillary block or pigment dispersion, and a low incidence of anterior subcapsular cataract (0.16%).1 These outcomes are consistent with published global literature on the EVO platform.


“The AECOS study offers a real-world snapshot of where refractive surgery is heading in the U.S.,” said Warren Foust, Interim Co-CEO, President and Chief Operating Officer of STAAR Surgical. “Across 19 leading refractive practices, EVO ICL accounted for more than 70% of procedures in patients with -8.0 diopters and above. When experienced surgeons consistently favor a lens-based approach for high myopia, it reflects a clear shift in treatment patterns. Combined with long-term FDA safety data and the expanded age indication, we believe EVO ICL is helping define the future pathway for treating a broad range of myopia.”


An estimated 24 million U.S. adults with myopia, including nearly 8 million adults between 46-60, may be potential candidates for EVO ICL, a biocompatible, implantable lens designed to correct distance vision while preserving both the cornea and the natural lens of the eye.5 Outside the United States, EVO lenses have been widely used in patients across the 21–60 age range for many years, with patients in the 46-60 age range making up an average of 6% of the total EVO ICL patient base in markets where the product is indicated for patients up to age 60. Clinical experience and more than 100 peer-reviewed studies have demonstrated the safety and effectiveness of the EVO ICL platform.


By preserving corneal tissue and the eye’s natural crystalline lens, EVO ICL offers a reversible, lens-based approach to vision correction that maintains future treatment flexibility. For many patients, this supports a longer-term vision care strategy by providing visual freedom today while allowing surgeons to tailor future solutions as visual needs evolve over time.


EVO lenses are implanted in a quick, minimally invasive procedure in which the lens is positioned behind the iris and in front of the natural crystalline lens. In the U.S., EVO Visian ICL (Implantable Collamer Lens) is indicated for use in phakic eye treatment in patients 21–60 years of age:



for the correction/reduction of myopia in patients with spherical equivalent ranging from -3.0 D to -20.0 D at the spectacle plane;



for the correction/reduction of myopic astigmatism in patients with spherical equivalent ranging from -3.0 D to -20.0 D with cylinder of 1.0 D to 4.0 D at the spectacle plane;



with an anterior chamber depth (ACD) of 3.00 mm or greater, when measured from the corneal endothelium to the anterior surface of the crystalline lens;



and a stable refractive history (within 0.5 D for 1 year prior to implantation).



For more information about EVO Implantable Collamer® Lenses, please visit EVOICL.com.


1EVO | EVO+ Visian ICL Directions for Use

2RSC Q4, 2024 Report

3Consumer Survey Conducted By: In-House Research, August 2025.

4AECOS US Refractive Surgery Study Data 2024, n=1,882 procedures, Internal Data on File.

5Market Scope 2025 Refractive Error Model


About STAAR Surgical


STAAR Surgical (NASDAQ: STAA) is the global leader in implantable phakic intraocular lenses, a vision correction solution that reduces or eliminates the need for glasses or contact lenses. Since 1982, STAAR has been dedicated solely to ophthalmic surgery, and for 30 years, STAAR has been designing, developing, manufacturing, and marketing advanced Implantable Collamer® Lenses (ICLs), using its proprietary biocompatible Collamer material. STAAR® ICLs are clinically proven to deliver safe long-term vision correction without removing corneal tissue or the eye’s natural crystalline lens. Its EVO ICL™ product line provides visual freedom through a quick, minimally invasive procedure. STAAR has sold more than 3.5 million ICLs in over 75 countries. Headquartered in Lake Forest, California, the company operates research, development, manufacturing, and packaging facilities in California and Switzerland. For more information about ICL, visit www.EVOICL.com. To learn more about STAAR, visit www.staar.com.


Important Safety Information for EVO ICL


The EVO Visian ICL lens is intended to correct/reduce nearsightedness between -3.0 D up to -20.0 D and treat astigmatism from 1.0 D to 4.0 D. If you have nearsightedness within these ranges, EVO Visian ICL surgery may improve your distance vision without eyeglasses or contact lenses. Because the EVO Visian ICL corrects for distance vision, it does not eliminate the need for reading glasses, you may require them at some point, even if you have never worn them before. Since implantation of the EVO Visian ICL is a surgical procedure, before considering EVO Visian ICL surgery you should have a complete eye examination and talk with your eye care professional about EVO Visian ICL surgery, especially the potential benefits, risks, and complications. You should discuss the time needed for healing after surgery. Complications, although rare, may include need for additional surgical procedures, inflammation, loss of cells from the back surface of the cornea, increase in eye pressure, and cataracts. You should NOT have EVO Visian ICL surgery if your doctor determines that 1) the shape of your eye is not appropriate, 2) you do not meet the minimum endothelial cell density for your age at the time of implantation, 3) you have moderate to severe glaucoma, 4) your vision is not stable; or 5) if you are pregnant or nursing.


For additional information with potential benefits, risks and complications please visit evoicl.com.


Forward-Looking Statements


This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often contain words such as “anticipate,” “believe,” “expect,” “plan,” “estimate,” “project,” “continue,” “will,” “should,” “may,” and similar terms. All statements in this press release that are not statements of historical fact are forward-looking statements. These forward-looking statements are neither promises nor guarantees and involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements, including, but not limited to: our ability to grow or generate profit; the willingness of surgeons and patients to adopt a new or improved product and procedure; and other important factors set forth in the Company’s Annual Report on Form 10-K for the year ended December 27, 2024 under the caption “Risk Factors,” which is on file with the Securities and Exchange Commission (the “SEC”) and available in the “Investor Information” section of the Company’s website under the heading “SEC Filings,” as any such factors may be updated from time to time in the Company’s other filings with the SEC. Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


We intend to use our website as a means of disclosing material non-public information about the Company and for complying with Regulation FD. Such disclosures will be included on our website in the ‘Investor Relations’ sections at investors.staar.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, SEC filings and public conference calls and webcasts. In addition, you may automatically receive email alerts and other information about the Company when you enroll your email address by visiting the New & Alerts section at https://investors.staar.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260217181103/en/
MEDIA CONTACT:

Kara Ryan

(949) 796-5849

kara.ryan@staar.com


Original: FDA Expands U.S. Age Indication for EVO ICL as Long-Term Safety Data Reinforces Market Shift Away From Laser Vision Correction
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zdog zdog 4 years ago
Star is flying today, great to see!
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keepemcloser keepemcloser 6 years ago
Now that’s good news,thanks STM
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stocktrademan stocktrademan 8 years ago
Hey good luck let everyone know how it goes. Taking a look at the chart currently it looks like to me it is completing an ABC zigzag correction, and appears to be forming a bull flag. STAA could have a good measured move rally starting now for the long term.
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alchemytrader alchemytrader 8 years ago
https://staar.com/news/2018/staar-surgical-announces-approval-by-the-fda-of-the-visian-toric-icl-for-the-correction-of-myopia-with-astigmatism

Ive been waiting years for the FDA to approve the toric ICL lens.

I can finally get my eye surgery. I have a consolidation on Tuesday!!
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stocktrademan stocktrademan 8 years ago
STAA buy 22.25

earnings winner



http://www.staar.com/



https://discoverevo.com/























normal chart




log chart



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biocqr biocqr 13 years ago
Earnings call transcript...

http://seekingalpha.com/article/1592472-staar-surgicals-ceo-discusses-q2-2013-results-earnings-call-transcript?source=yahoo
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biocqr biocqr 13 years ago
STAAR Surgical Reports Strong Second Quarter Financial Results
Total Sales of $18.2 Million Increased 14% from Q2 2012 / 20% Increase on Constant Currency Basis
Visian® ICL™ Sales Grew 31% to Record $11.3 Million
Visian ICL with CentraFLOW™ Technology Continues to Drive Growth
Company Increases Revenue Growth Metric for the Year
GAAP Net Income of $0.01 per share; Non-GAAP Adjusted Net Income of $0.05 per share

MONROVIA, Calif., July 31, 2013 /PRNewswire/ -- STAAR Surgical Company (STAA), a leading developer, manufacturer and marketer of minimally invasive ophthalmic products, today reported revenue for the second quarter ended June 28, 2013 of $18.2 million, which represented 14% growth compared to $15.9 million reported for the second quarter of 2012. The results included sales of $11.3 million of the Company's Visian ICL product portfolio and $5.9 million of its IOL products. In addition, low margin Other Product sales increased to $1.0 million. The effect of foreign currency exchange during the quarter versus prior year second quarter reduced total sales by $1.0 million. On a constant currency basis revenues grew 20% during the second quarter of 2013 compared to the second quarter of 2012.
"We delivered a second consecutive quarter of solid revenue growth with some very positive trends that we believe can be built on over the next several quarters," said Barry Caldwell, President and CEO. "In our focused major markets, our Visian ICL continues to gain share over LASIK. We have now successfully implanted over 20,000 ICLs with CentraFLOW and this technology continues to be a key growth driver. During June we received approval of the ICL with CentraFLOW in Argentina and Korea. The ICL with CentraFLOW launch events took place this month in Korea and also in India where we now expect to receive the final product approval during the third quarter. Based upon our experience in Europe, the wider approval range of the Visian ICL with CentraFLOW opens up the refractive market for increased market share gains."

"We saw good growth in ICL revenues from all three of our regions despite the continued downward pressure on LASIK," added Mr. Caldwell. "Our European region grew 47% during the quarter driven by the new CentraFLOW technology, productivity from our expanded sales team in the region and the shift to a direct selling model in Spain. Our Asia Pacific region grew Visian ICL sales by 29% which was driven by 77% growth in China. With the growth renewal in China during the quarter that market was our number one market in Visian ICL revenues. During the second half of this year the region will have the new CentraFLOW approvals in Korea and India to drive incremental growth. North America grew ICL revenues by 9%. The U.S. continues to show market share gains as revenue grew 10% while units increased 15% during the quarter. Our competitors promoting LASIK continue to profile the U.S. as a very challenging market for refractive procedures."

"We sold our first nanoFLEX™ Toric IOLs in Europe during the quarter with encouraging results. IOL growth overall continued to be negatively impacted by KS IOL product supply and the worsening value of the yen. The negative impact from the value of the yen on IOL sales was $827,000 during the quarter. We had to suspend delivery of our new KS IOL products to China until we have additional supply which is dependent on our third party supplier. This interruption in supply for China resulted in reduced sales of $810,000 as compared to second quarter of 2012 and $347,000 sequentially. Our backorders in Europe increased to $1.2 million at the end of the second quarter."

"Our manufacturing consolidation project remained basically on schedule as all IOLs and 21% of myopic ICLs through final inspection were manufactured in Monrovia during June. Throughout this three year process, supply and product quality have remained our priority. As a result of higher than expected demand for the Visian ICL during the first half of the year our ICL inventory levels in Switzerland have declined below our level of comfort. We need to build more ICL units during the second half for both the increased demand and inventory replenishment. In order to accomplish this we have decided to extend completion of our manufacturing consolidation initiative until the first half of 2014. By the end of December we expect to have two thirds of all myopic ICLs and one third of all TICLs manufactured in the U.S. as well as 100% of all IOL products. Production in Switzerland will continue into the first half of next year to build more robust inventory levels for our ICL products and we plan to begin a second shift in Monrovia at the end of August. We do not anticipate this slight shift will interfere with the planned use of all of the NOLs after consolidation," Mr. Caldwell continued.
"We remain focused on expanding our market share and gaining additional approvals for our technology in key markets. I am encouraged that we have executed so well against the plan we laid out at the start of this year. While we expect to have continued headwinds due to the yen valuation, as a result of our performance during the first half of the year, and the positive momentum going into the second half of the year, we are increasing our annual revenue growth metric from the original 8 to 10% to the 12 to 14% range," concluded Mr. Caldwell.

Gross profit margin for the quarter was 69.5% compared to 69.3% in the second quarter of 2012. The highest gross margin product, the Visian ICL, represented 62% of all revenue during the quarter. Gross margin expansion was limited primarily by a 23% sequential increase in very low margin IOL injector systems sales to a third party supplier for the buildup of their acrylic preloaded product supply, which appears in the Other Product sales category. These sales generated a gross margin considerably below the Company's Visian ICL and IOL product lines gross margins. Those differences accounted for a 150 basis point difference in the gross margin results during the quarter which would have otherwise been 71%.
Operating expenses for the second quarter of 2013 were $11.9 million, up 6.4% from the $11.2 million prior year period reflecting $613,000 in related charges associated with the Company's manufacturing consolidation project and a $293,000 increase in sales and marketing expenses driven by the additions to the Company's headcount throughout 2012. The effect of foreign currency exchange on overall operating expenses was a positive $505,000.

Income taxes increased to $599,000 during the second quarter of 2013 compared to $327,000 during the second quarter of 2012. The overall tax rate was 68.3% during the quarter and the estimated tax rate for 2013 has been increased to 45% due to the Company's decision to extend the completion date of its manufacturing consolidation project to focus on meeting near term demand. Additionally, the effective tax rate for the quarter was negatively impacted because under GAAP jurisdictions with losses are excluded from the calculation for interim reporting purposes.
GAAP net income for the second quarter of 2013 was $278,000, or $0.01 on a per diluted share basis, compared with net loss of $491,000, or $0.01 on a per diluted share basis, in the second quarter of 2012, a $769,000 improvement. Adjusted net income (excluding manufacturing consolidation expenses, gain (loss) on foreign currency transactions, fair value adjustment of warrants, and stock-based compensation expense) for the quarter ended June 28, 2013 was $1.8 million or $0.05 per diluted share versus adjusted net income for the year ago quarter of $1.2 million or $0.03 per diluted share. The reconciliation between GAAP and non-GAAP financial matters is provided with financial tables included with this release.

Cash and cash equivalents on June 28, 2013 totaled $19.7 million, compared to $19.2 million at the end of the first quarter of 2013. Cash generation from operations during the quarter was $788,000, which includes the use of $613,000 for the manufacturing consolidation project. The Company also used $799,000 for the purchase of property and equipment and generated $929,000 in proceeds from stock option exercises.

For the six month period ended June 28, 2013, sales increased to $36.2 million versus $31.5 million during the first half of 2012, a 15% increase in U.S. dollars and 21% increase in constant currency. Gross profit increased by 15%. Operating expenses increased $1.7 million or 7.6%, which included key investments of $1.5 million for the consolidation project ($262,000 above prior year) and incremental spending of $916,000 in sales and marketing. Operating income increased by $1.7 million during the six month period. Income taxes were $355,000 higher and the new medical device tax was $104,000. Net Income on a GAAP basis was $749,000 or $0.02 per diluted share and the non-GAAP adjusted net income increased to $5.0 million or $0.13 per diluted share basis as compared to $2.6 million or $0.07 per diluted share during the first half of 2012.

Recent Visian Implantable Collamer® Lens (ICL) Highlights
ICL sales represented 62.0% of total sales, compared to 54.0% of sales in Q2 2012.

ICL sales increased 31% to $11.3 million from $8.6 million in Q2 2012 reflecting a 27% increase in unit sales and a 3% increase in price.

Of total Visian ICLs the mix of TICLs was approximately 33% of units and 39% of dollars.

Overall sales in the Company's 11 key markets reflected a 33% increase in revenues and 28% increase in units.

Key regulatory approvals were obtained during the quarter:
Visian ICL with CentraFLOW was approved in Korea and Argentina.
Progress was made in India with approval of the CentraFLOW technology expected within the third quarter.

The Company has been told by the FDA that the current intent is to take the TICL to the Advisory Panel. A date has not been established and the Company is responding to questions from the FDA and preparing the information needed for the Panel Package necessary for that meeting to occur.

Regional ICL Updates

Europe, Middle East, Africa (EMEA)
Visian ICL revenues grew by 47% while units increased 30% and price increased 13%.

Europe increased 52% in revenue due to gains from the CentraFLOW technology, and new sales personnel hired in 2012.

Spain grew 127% driven by the conversion from a distributor sales model to a direct model which occurred at the end of second quarter 2012. This provided end customer pricing for the market. Visian ICL unit growth was 100% for the quarter. During the second quarter of 2012 the Company credited the past distributor for their inventory in the market.

Strong growth was also seen in France +41%, Italy +35% and the UK +107%.

The Middle East revenues grew 37% after a very strong first quarter with the release of the Visian ICL with CentraFLOW.
Latin America grew 39% in revenue. Approval of the ICL with CentraFLOW in Argentina allowed the first orders to be placed late in the quarter.

Asia Pacific (APAC)
APAC grew 29% in revenue while units increased 28% and price increased 1%.

China returned to more historical growth rates as revenues increased 77% while units increased 82%. The Company believes that the impact of the negative press on LASIK one year ago may now be subsiding.

Korea grew 7% as the distributor prepared for the first sales of the Visian CentraFLOW technology which was approved in late June with the official launch at the end of July.

Japan grew 12% in revenue with unit growth at 17% as revenue was negatively impacted by currency and price.

India grew 20% in revenue. Visian CentraFLOW was launched during a key meeting in early June and regulatory approval is expected during the third quarter.

North America (NA)
NA increased revenues by 9% while units increased 13% with a 3% decline in price.

Sales in the U.S. grew 10% while units grew 15% in a market with increasing evidence that LASIK procedures are declining or flat at best.

A major corporate provider of LASIK procedures reported their refractive procedures declined 10% in the U.S. during Q2 based upon their belief that new flexible spending account guidelines are having a negative impact on elective surgeries.

Recent Intraocular Lens (IOL) Highlights
Second quarter IOL sales were $5.9 million as compared to $6.8 million during the second quarter of 2012. The negative impact of foreign exchange was $827,000 for IOLs. Without the impact of foreign exchange, global IOL revenue would have declined by approximately 1% on a constant currency basis.

IOL gross margin declined from 60% in the second quarter of 2012 to 55% in the current quarter. This was driven primarily by the negative impact of foreign exchange as the preloaded silicone IOLs are cost based in U.S. dollars and primarily sold in yen. If not for this impact the gross margin would have remained at the 60% level for the quarter.

IOLs represented 32% of total sales in the second quarter of 2013, compared to 43% of total sales in the same period of the prior year.

The Company ended the quarter with approximately $1.2 million in backorders from European customers which is a 30% increase over the backorders at the end of the first quarter. The Company's supplier of acrylic IOLs has been unable to meet the high demand for the new KS IOL products, but is working to increase supply during the second half of the year.

IOL sales in Japan represented 57% of all IOL revenues and 45% of all IOL units. During the quarter there was a 15% increase in units as compared to the second quarter of 2012. Units during the quarter increased by 2% over the first quarter of this year yet revenue declined by 6% due to the weakening of the yen value. In U.S. dollars, this reflects a flat performance to the prior year though a 21% increase in constant currency.

Due to the lack of supply in the KS IOL products, the Company has suspended delivery of product to the China market. IOL revenues during the second quarter were $810,000 less than prior year and $347,000 less than the first quarter of this year.

Shipments of the nanoFLEX Toric IOL began late in the quarter to customers in Europe.

The newly enhanced nanoFLEX II IOLs were shipped along with the reading cards for the clinical trials which started during July. The protocol is designed to measure near and intermediate visual results as well as rotational stability.

Project Comet Update
The Company's manufacturing consolidation project continued to be basically on plan through the first half of the year. The Company has decided that due to the higher demand needs resulting from increased sales of the Visian ICL products and the expected Visian Preloaded V5 ICL approval for Europe, to extend the completion date for consolidation until the first half of 2014.
Validations were successfully completed for the Visian Toric ICLs as expected and the Company plans to ship the first TICLs from Monrovia during the third quarter.

Sterile IOLs began shipping from Monrovia to Japan during the quarter and the Company exited the quarter with all IOLs globally being manufactured in Monrovia.

Manufacturing consolidation expenses were $613,000, as compared to $697,000 reported in the second quarter of 2012. Costs associated with the wind down of manufacturing operations in Japan are expected to decrease in the second half of the year.

2013 Metrics- Revenue Growth Metric Increased; Manufacturing Consolidation Extended
The Company updated its metrics as follows and will continue to report and update on each of the 2013 metrics quarterly:
Total revenue growth in the range of 12 to 14%, up from an original metric of 8 to 10%.

Gross margin expansion by a minimum of 250 bps for the year.
Profitable on a GAAP basis each quarter.

Continuous quarterly progress toward the full implementation of manufacturing consolidation from Japan and Switzerland facilities to the U.S. The timetable for complete implementation of this program has been extended to the first half of 2014. During the month of December the Company expects to have 100% of all IOL production, two thirds of ICLs and one third of TICLs manufactured in the U.S.

Conference Call
The Company will host a conference call and video webcast today, July 31, 2013 at 4:30 p.m. Eastern / 1:30 p.m. Pacific to discuss the Company's second quarter 2013 financial results and recent corporate developments. The dial-in number for the conference call is 877-703-6105 for domestic participants and 857-244-7304 for international participants, both using a passcode 23510067.
The Company will also be using slides to illustrate its second quarter results and operational progress. The slides and live webcast of the call can be accessed from the investor relations section of the STAAR website at www.staar.com.

A taped replay of the conference call will also be available beginning approximately one hour after the call's conclusion and will be available for seven days. This replay can be accessed by dialing 888-286-8010 for domestic callers and 617-801-6888 for international callers, both using passcode 40120994. An archived webcast will also be available at www.staar.com.

Use of Non-GAAP Financial Measures
This press release includes supplemental non-GAAP financial information, which STAAR believes investors will find helpful in understanding its operating performance.

The Company conducts a significant part of its activities outside the U.S. It receives sales revenue and pays expenses principally in U.S. dollars, Swiss francs, Japanese yen and Euros. The exchange rates between dollars and non-U.S. currencies can fluctuate greatly and can have a significant effect on our results when reported in U.S. dollars. When preparing its financial statements in conformance with GAAP, the Company translates foreign currency sales and expenses denominated in Japanese yen to dollars at the weighted average of exchange rates in effect during the period. As a result, the Company's reported performance may be significantly affected by currency fluctuations. In order to compare the Company's performance from period to period without the effect of currency, the Company will apply the same average exchange rate applicable in the prior period, or the "constant currency" rate to sales or expenses in the current period as well. Because changes in currency are outside of the control of the Company and its managers, management finds this non-GAAP measure useful in determining the long term progress of its initiatives and determining whether its managers are achieving their performance goals. The Company believes that the non-GAAP constant-currency sales results measures provided in this press release are similarly useful to investors to give insight on long term trends in the Company's performance without the external effect of changes in relative currency values. The table below shows sales results calculated in accordance with GAAP, the effect of currency, and the resulting non-GAAP measure expressed in constant currency.

"Adjusted Net Income" excludes the following items that are included in "Net Income" as calculated in accordance with U.S. generally accepted accounting principles ("GAAP"): manufacturing consolidation expenses, Spain distribution transition expenses, gain or loss on foreign currency transactions, the fair value adjustment of outstanding warrants issued in 2007, and stock-based compensation expenses.

We believe that "Adjusted Net Income" is useful to investors in gauging the outcome of the key drivers of our business performance: our ability to increase sales revenue and our ability to increase profit margin by improving the mix of high value products while reducing the costs over which we have control.

We have excluded manufacturing consolidation and Spain distribution transition expenses because these are non-recurring expenses and their inclusion may mask underlying trends in our business performance. Expenses associated with the Company's plans to consolidate its manufacturing operations to the U.S. are largely expected to be completed at the end of 2013 and the Spain distribution transition expenses were completed at the end of the first quarter of 2013.

We have excluded gains and losses on foreign currency transactions and the fair value adjustment of warrants because of the significant fluctuations that can result from period to period as a result of market driven factors.

Stock-based compensation expenses consist of expenses for stock options and restricted stock under Statement of Financial Accounting Standards ("SFAS") No. 123R. In calculating Adjusted Net Income STAAR excludes these expenses and the fair value adjustment of outstanding warrants because they are non-cash expenses and because of the complexity and considerable judgment involved in calculating their values. In addition, these expenses tend to be driven by fluctuations in the price of our stock and not by the same factors that generally affect our other business expenses.

We have provided below a detailed reconciliation table, which is useful to investors in providing the context to understand our Adjusted Net Income and how it differs from Net Income calculated in accordance with GAAP.
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biocqr biocqr 13 years ago
Staar Surgical (STAA): Sounds pretty confident that implantable lenses can replace LASIK surgery

Staar Surgical (STAA), which makes implantable lenses for the eye and which was recently re-added to our Emerging Growth rankings (added May 7 at $8.99), just wrapped up its presentation at the Deutsche Bank Healthcare Conference in Boston. It sounds like its biggest competitor (LASIK surgery) is on the decline and Staar is filling the void. Since Staar is not a well known name in the US (81% of 2012 revenue was from outside the US), we wanted to provide some highlights from the presentation.

In terms of what Staar does, they make implantable lenses for the eye both to correct vision (Visian ICL lens, which is an alternative to LASIK surgery) and to treat cataracts (IOLs). All of its lenses are foldable and can be inserted through a small incision in the eye. It's basically an implantable contact lens. STAA believes its Visian ICL lens is better than LASIK as it has better results, fewer side effects and, unlike LASIK, can be removed if the patient is not satisfied. That's a big selling point to nervous consumers. Management believes its competitive position has improved over the past six months as it appears LASIK procedures are declining in major markets. Also, lenses which are in the anterior segment of the eye all seem to be facing new clinical challenges. The Visian ICL sits behind the iris in the posterior segment. As a result, STAA believes it is taking market share. The stock jumped in early May on a surprisingly strong Q1 report and the favorable comments about its improved competitive positioning.

Probably the most interesting point to come out of today's presentation is STAA being pretty confident that LASIK surgery is on the decline. Basically, they said that there are always evolutions in healthcare. In this space, it was originally glasses then contact lenses etc. "There is clear evidence that LASIK is on the downturn and there is evidence that ICL is taking over. This is the moment for the ICL." LASIK and the related complications have seen a good deal of negative press over the past few years. While this is good for Staar, which has a competing product, unfortunately this tends to weigh down the entire elective eye surgery market as consumers lump all of them together. In particular, there has been a lot of negative press about LASIK in China over the past year. This hurt STAA's results in this important region but they have seen some improvement recently.

In terms of the R&D pipeline, STAA has regularly introduced new products over the past few years. Perhaps most importantly, STAA introduced the ICL V4c with CentraFLOW technology in Europe and other territories in 2011. The CentraFLOW technology optimizes the flow of fluid within the eye, and eliminates the need for the surgeon to perform a YAG peripheral iridotomy procedure days before the ICL implant. By simplifying the procedure to a one-time visit like LASIK, STAA is much better able to compete with LASIK. STAA expects to get approval in India and Korea for the CentraFLOW technology. In the first year after approval in Europe it had a big impact on STAA's results and they expect a similar impact in other countries. Another key launch was the Toric ICL in Japan to treat patients primarily affected by astigmatism.

A big reason STAA is not well known in the US is because its two most advanced lenses are not yet approved in the US. In particular, management concedes that the Toric not being approved in US has been a cloud over the company. STAA has shown it can do well outside of the US but cracking the US market in a bigger way would be a big positive. STAA has filed its application and has had dialogue with the FDA. STAA has been pushing that it would like some sort of decision this year (either approval, go to panel, not approved). Overall, STAA says he has felt a change at the agency that the process seems to finally be moving along.

In terms of other topics, STAA is moving its manufacturing operations from Japan and Switzerland to the US. This manufacturing consolidation should improve gross margins further. The process is wrapping up this year and it's on plan. This is a major project and gross margins should get near 80% after the consolidation. Another topic was STAA's heavy investment in sales/marketing last year. They expect to start to see some benefit this year. They also have some key new product launches and approvals coming up in 2013. Also, Spain has been converted to a direct model (instead of using distributors) which will help margins. Finally, STAA says it wants to crack the US market in a bigger way as it's an attractive opportunity but they do not expect much additional penetration until the Toric ICL gets approved.

Overall, we remain a fan of STAA. They seem confident that LASIK surgery is on the way out and the implantable lens is the next step in corrective vision technology. A huge selling point is that the lens can be removed if the patient is not happy. The unfortunate part about the STAA story is that its latest technology is not yet approved in the US, it's mostly being used in Asia and Europe. But they are working on that and if they get approval, that would be a big boost for them. Another recent development in its favor, we believe, is the recent announced acquisition of lens supplier Bausch & Lomb by Valeant Pharma (VRX). STAA is tiny but has some attractive technology that we think would be attractive to a larger player in this space.

Read more: http://www.briefing.com/DisplayArticle/Article.aspx?ArticleId=NS20130529120310EmergingGrowthStocks#ixzz2WlpxAlKf
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Chabojilo Chabojilo 13 years ago
Great earnings outlook, 10% tax rate next year will help bottom line.
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Penny Roger$ Penny Roger$ 14 years ago
~ Monday! $STAA ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $STAA ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=STAA&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=STAA&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=STAA
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=STAA#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=STAA+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=STAA
Finviz: http://finviz.com/quote.ashx?t=STAA
~ BusyStock: http://busystock.com/i.php?s=STAA&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=STAA >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.
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PennyStockVideos PennyStockVideos 15 years ago
Did anyone buy this after earnings came out?
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swiftearl swiftearl 15 years ago
IF we close over 6
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swiftearl swiftearl 15 years ago
I am in looks like a quad top break out....BLUE SKIES
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chris8sirhc chris8sirhc 15 years ago
Tim Sykes just bought in this stock around 3:38
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leoncio1 leoncio1 17 years ago
post #8 was a good tip.. Uptrend here rally
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leoncio1 leoncio1 17 years ago
there is goes again.. up ..
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leoncio1 leoncio1 17 years ago
still more to com..

stockprize gets more, and more in positive area..
an bigg breakout, is a mather of time..

$4/$5 ahead.. in my opinion..
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leoncio1 leoncio1 17 years ago
gooooooo +13%
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leoncio1 leoncio1 17 years ago
goooo.. +11%
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leoncio1 leoncio1 17 years ago
I feel a big rally soon..
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stock2windaily stock2windaily 17 years ago
Load up at $1.15 - this will be support and should be a great buy opportunity.

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scott64 scott64 17 years ago
NEWS! NEWS!!!!!!
Free Stock Symbol Lookup - Scottrade: Leading stock research

Press Release Source: STAAR Surgical Company
STAAR Surgical Receives FDA Clearance for the Epiphany(TM) Injector System

* On Thursday June 11, 2009, 8:00 am EDT

*
Buzz up!
* Print

Related:

* STAAR Surgical Company

MONROVIA, Calif., June 11 /PRNewswire-FirstCall/ -- STAAR Surgical Company (Nasdaq: STAA - News), a leading developer, manufacturer and marketer of minimally invasive ophthalmic products, today announced that the FDA has granted 510(k) clearance for its Epiphany Injector System for use with the Affinity(TM) Collamer® Three-Piece NTIOL and the Elastimide(TM) Silicone NTIOL. Introduction of the Epiphany will usher in a new era of insertion devices for the company and pave the way for the future introduction of a preloaded injector for the U.S. market.
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STAA 1.49 0.00
Chart for STAAR Surgical Company
{"s" : "staa","k" : "c10,l10,p20,t10","o" : "","j" : ""}

STAAR named this product "Epiphany" based on the genesis of the product: the realization that the revolutionary proprietary technology used in our preloaded products outside of the U.S. could be modified and incorporated into a stand-alone injector for IOLs in other markets. Epiphany has been designed to combine both ease of use with controlled delivery. The Epiphany injector system is intended for single use and offers the flexibility of either twist or push insertion techniques - a unique feature of STAAR's IOL delivery systems.

"The Epiphany Injector System is an important extension of STAAR Japan's expertise in the area of preloaded delivery systems for foldable IOLs which have been very successful in the Japanese market," said Barry G. Caldwell, President and CEO of STAAR Surgical. "This product will enhance the ability of surgeons to accurately deliver the Collamer Three-Piece NTIOL into the eye and it serves as the forerunner in our regulatory pathway for potential approval of the preloaded delivery system in the U.S."

As the Epiphany provides for effortless yet controlled insertion through a 2.8mm incision and, being a single use product, ensures a sterile pathway into the eye. The Epiphany's planar delivery of the lens into the eye offers controlled release of the lens haptics which is another clear advantage that will help differentiate this the new system in the market place.

First shipments of the product should begin in July with full release to the market in the August timeframe.

About STAAR Surgical

STAAR Surgical is a leader in the development, manufacture and marketing of minimally invasive ophthalmic products employing proprietary technologies. STAAR's products include the Visian ICL, a tiny, flexible lens implanted to correct refractive errors, as well as innovative products designed to improve patient outcomes for cataracts and glaucoma. Manufactured in Switzerland by STAAR, the ICL is approved by the FDA for use in treating myopia, has received CE Marking and is sold in more than 50 countries. Collamer® is the brand name for STAAR's proprietary collagen copolymer lens material. More information is available at www.staar.com.

Safe Harbor
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leoncio1 leoncio1 17 years ago
Events: Jun 11, 2009 Shareholders Meeting - 11:00AM EDT
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leoncio1 leoncio1 17 years ago
STAAR Surgical Receives CE Mark Approval for KS-X Preloaded Hydrophobic Acrylic Lens Injector System







MONROVIA, Calif., June 9 /PRNewswire-FirstCall/ -- STAAR Surgical Company (Nasdaq: STAA), a leading developer, manufacturer and marketer of minimally invasive ophthalmic products, today announced that it has received CE Mark approval for its KS-X Preloaded Hydrophobic Acrylic Injector for use in minimally invasive cataract surgical procedures. The CE Mark allows STAAR Surgical to market this foldable intraocular (IOL) KS-X lens delivery system in the European Union as well as other countries that recognize the CE Mark. It also signifies that STAAR's preloaded acrylic lens delivery system complies with applicable safety and quality standards.


STAAR has been offering the KS-X system, which mates a preloaded delivery system manufactured by STAAR Japan with an independently sourced acrylic lens, in the Japanese market for two years. The STAAR system enables lens delivery into the eye through a 2.8 millimeter incision and is compatible with the most commonly used small incision cataract extraction procedures. It is the only preloaded lens delivery system in the world that provides single or bi-manual injection options in one single design, allowing for the smoothest IOL injection methods compared with traditional delivery systems.


"Receipt of the CE Mark is an important accomplishment and a validation of STAAR Japan's expertise in the development of preloaded delivery systems for foldable IOLs that enable precise delivery of the lens during cataract surgeries," said David Bailey, President of International Operations. "The CE Mark illustrates STAAR Japan's expertise in delivery systems for intraocular lenses, including their use with advanced material lenses. This expertise was one of the major factors behind our recent creation of operational Centers of Excellence throughout our global operations, which is expected to drive continued product enhancements as we move forward."


A foldable IOL is a prosthetic lens used to replace a cataract patient's natural lens after it has been extracted in minimally invasive small incision cataract surgery. STAAR manufactures IOLs out of silicone and Collamer(R), STAAR's proprietary biocompatible collagen copolymer lens material. STAAR Japan introduced the first preloaded IOL lens injector system to the international markets during 2003. STAAR introduced the Centers of Excellence Project in the fourth quarter of 2008. It is designed to enhance STAAR's ability to deliver innovative surgical products to customers by focusing the Japanese operations on developing and manufacturing innovative lens delivery systems and focusing the U.S. operations on optics design and manufacturing. The expected result is costs savings and more rapid introduction of new technologies.


"The introduction of our KS-X preloaded delivery system will be primarily focused on our direct markets and other key markets in Europe where reimbursement for our end customers are higher. The outstanding functionality of our preloaded system has already won market share in the more difficult silicone segment, and this approval allows us to bring the technology to the growing number of surgeons who prefer the hydrophobic acrylic lenses for their patients. With the introduction of this product in these markets, we believe we are moving toward our goal of establishing our preloaded delivery systems as the global standard of care in all IOL lens segments," Mr. Bailey said.


First shipments of the product in key European and Australian markets are expected to begin in late June. The acrylic-lens-based preloaded injector is not approved for sale in the U.S.



About STAAR Surgical

STAAR Surgical is a leader in the development, manufacture and marketing of minimally invasive ophthalmic products employing proprietary technologies. STAAR's products include the Visian ICL, a tiny, flexible lens implanted to correct refractive errors, as well as innovative products designed to improve patient outcomes for cataracts and glaucoma. Manufactured in Switzerland by STAAR, the ICL is approved by the FDA for use in treating myopia, has received CE Marking and is sold in more than 50 countries. Collamer(R) is the brand name for STAAR's proprietary collagen copolymer lens material. More information is available at www.staar.com.



Safe Harbor

All statements in this press release that are not statements of historical fact are forward-looking statements, including statements about any of the following: projections of any financial items; the plans, strategies, and objectives of management for future operations or prospects for achieving such plans; the success of the KS-X injector system in the European Union or elsewhere, our future performance; statements of belief; and any statements of assumptions underlying any of the foregoing.


These statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The risks and uncertainties include the need to satisfy the forthcoming judgment in the Parallax case or post an appeal bond and the resulting effect on our liquidity, our limited capital resources and limited access to financing, the need to defend other litigation similar to the Parallax case and to satisfy judgment in the event of an adverse ruling in that case, for which we have taken no reserve, the effect the global recession may have on sales of products, especially products such as the ICL used in non-reimbursed elective procedures, the challenge of managing our foreign subsidiaries, the risk that we will not succeed in introducing improved products that restore the profitability of our U.S. IOL product line, our ability to resolve FDA concerns over the clinical study for the Toric ICL and to overcome negative publicity resulting from warning letters and other correspondence from the FDA Office of Compliance, the willingness of surgeons and patients to adopt a new product and procedure, and the potential effect of recent negative publicity about LASIK on the demand for refractive surgery in general in the U.S.


CONTACT: Investors Media
EVC Group EVC Group
Douglas Sherk, 415-896-6820 Christopher Gale 646-201-5431
Michael Pollock, 415-896-6862







SOURCE STAAR Surgical Company

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leoncio1 leoncio1 17 years ago
Time to post here.. afher 4 years.. lol

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GuruTrader GuruTrader 21 years ago
news out: http://quotemedia.10kwizard.com/contents.xml
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GuruTrader GuruTrader 21 years ago
Merry X-Mas Hoooo Hooooooo Hoooooooooo... Happy Holidays
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