NASDAQ$SGHT

Sight Sciences Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results, demonstrating revenue growth and expanded gross margin.

Sight Sciences reported a strong first quarter with a 72% increase in revenue compared to the prior year period, driven by growth in both Surgical Glaucoma and Dry Eye segments. The company also expanded its gross margin to 80%.

  • Total revenue increased by 72% to $14.9 million compared to the prior year period.
  • The number of facilities ordering the OMNI® Surgical System increased from 760 to 811.
  • The installed base of TearCare® facilities grew from 562 to 635.
  • Gross margin expanded to 80% compared to 73% in the prior year period.

Headline financials

Total Revenue

$14.9M

No prior period
EPS (adj)

-$0.49

No prior period
Total Gross Margin

80.0%

No prior period
Operating Expenses

$34M

No prior period
Capital Expenditures

-$227K

No prior period
Free Cash Flow

-$23.5M

No prior period
Net Income

-$23.3M

No prior period
Operating Income

-$22.2M

No prior period
Gross Profit

$11.8M

No prior period
Cash & Equivalents

$239M

No prior period
Total Assets

$259M

No prior period
Stock-Based Comp

$2.97M

No prior period

Revenue & EPS history

Sight Sciences · Revenue · Quarterly

$14.9M

Q1 2022
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Revenue by segment

Sight Sciences · $14.9M total across 2 segments · Q1 2022

  • Interventional Glaucoma
    $13.9M
  • Interventional Dry Eye
    $1M

Forward guidance

Sight Sciences projects full year 2022 revenue to range from $67 million to $75 million, representing growth of approximately 37% to 53% compared to 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+3.0%

Avg return

Earnings day

+4.0%

Avg return

5 days after

+5.0%

Avg return

30 days after

53%

10 / 19 earnings

Positive

+60.9%

Q3 2022

Best reaction

-26.9%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.7%+22.6%+2.5%
Q4 2025-26.9%-25.9%-34.9%
Q3 2025+16.0%+54.4%+61.0%
Q1 2025+1.3%+8.3%+38.6%
Q4 2024+2.9%+15.3%-5.0%
Q3 2024-17.1%-17.1%-24.1%
Q2 2024-18.9%-29.4%-13.0%
Q1 2024+6.6%+1.1%+17.4%
Q4 2023+6.8%-4.4%+21.4%
Q3 2023+19.8%+2.0%+54.1%
Q2 2023+11.0%+4.1%-16.0%
Q1 2023-0.4%+0.6%-25.1%
Q4 2022+4.9%-2.3%-5.8%
Q3 2022+60.9%+50.4%+72.9%
Q2 2022-3.9%-16.1%-26.2%
Q1 2022+11.2%+23.9%+59.2%
Q4 2021-10.1%-6.1%-45.5%
Q3 2021-2.4%-5.8%-20.6%
Q2 2021-4.7%+0.1%-15.9%
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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