earnings
confidence high
sentiment negative
materiality 0.80
STAAR Surgical Q1 revenue plunges 45%, swings to $54.2M loss; withdraws outlook
STAAR SURGICAL CO
2025-Q1 EPS reported
-$1.10
revenue$42,589,000
- Net sales $42.6M, down 45% YoY; net loss $54.2M ($1.10) vs $3.3M loss prior year.
- China revenue minimal as distributors consume inventory; ex-China sales up 9%.
- Gross margin fell to 65.8% from 78.9% due to reduced production and Switzerland expansion costs.
- Incurred $22.7M restructuring charges; targeting SG&A run rate cut to ~$225M.
- Withdrew prior FY2025 outlook citing global economic uncertainty and tariff policy.