earnings
confidence high
sentiment neutral
materiality 0.70
Sight Sciences FY2023 revenue $81.1M (+14%); guides FY2024 $81-85M (0-5% growth)
Sight Sciences, Inc.
- Q4 2023 revenue $18.8M (-9% YoY); net loss $10.7M ($0.22/sh) vs $16.9M loss ($0.35/sh) prior year.
- FY2023 net loss $55.5M ($1.14/sh) vs $86.2M loss ($1.80/sh) in 2022; cash used reduced to $46.9M from $75.7M.
- Operating expenses cut 20% in Q4; non-GAAP adjusted OpEx $22.3M vs $30.6M prior year.
- New $65M senior secured credit facility with Hercules Capital; initial $35M drawn to refinance existing debt.
- Full-year 2024 revenue guidance $81-85M (0-5% growth); expects double-digit growth in H2 2024.