secwatch.observer — SEC 8-K summary
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Issuer:     STAAR SURGICAL CO (STAA)
CIK:        0000718937
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0000950170-25-065607
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STAAR Surgical Q1 revenue plunges 45%, swings to $54.2M loss; withdraws outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/718937/000095017025065607/0000950170-25-065607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/718937/000095017025065607/staa-20250507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-065607

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