STAAR Surgical prelim Q4 net sales ~$76.5M, ICL sales +22%; FY2024 outlook $335-340M

STAAR SURGICAL CO

2023-FY EPS reported $0.43 revenue$322,415,000

Preliminary FY2023 net sales ~$322.5M (+13% YoY); Q4 net sales ~$76.5M (+19% YoY).
Global ICL sales up 22% in Q4 (APAC +26%) and 18% for FY2023; ICL unit growth outpaced refractive industry by 26 points in 2023.
FY2024 net sales guidance of $335-340M, implying ~10% ICL growth in both China and U.S.; GAAP operating margin expected at least breakeven.
Cash and investments ~$230M, up ~$28M from Q3; accounts receivable ~$90M.
Full FY2023 results to be reported on or about Feb 21, 2024.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STAAR SURGICAL CO reported fiscal year ended December 29, 2023 results: revenue Net sales of approximately $322.5 million for fiscal 2023 (preliminary). Guidance initiated.

Period: fiscal year ended December 29, 2023
Revenue: Net sales of approximately $322.5 million for fiscal 2023 (preliminary)
Guidance: initiated
Result: preliminary results

Exact text from the filing

STAAR Surgical Company (NASDAQ: STAA), a leading developer, manufacturer and marketer of the EVO family of Implantable Collamer® Lenses (EVO ICL) for myopia, astigmatism and presbyopia, today announced preliminary results for the fourth quarter and fiscal year ended December 29, 2023.

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Source: SEC EDGAR

accession 0000950170-24-002738

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