NASDAQ$SGHT

Sight Sciences Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported strong second-quarter growth driven by Surgical Glaucoma and Dry Eye segments.

Sight Sciences reported a significant increase in revenue for the second quarter of 2021, driven by growth in both Surgical Glaucoma and Dry Eye segments. The company's gross margin also saw substantial improvement. They completed an IPO raising $253 million.

  • Total revenue increased by 258% compared to the prior year period, reaching $12.5 million.
  • Surgical Glaucoma sales increased by 263% compared to the prior year period, totaling $12.0 million.
  • Dry Eye sales increased by 169% compared to the prior year period, reaching $0.5 million.
  • Gross margin expanded to 82% compared to 40% in the prior year period.

Headline financials

Total Revenue

$12.5M

Previous: $3.5M+257.9%
EPS (adj)

-$1.83

Previous: -$0.24-671.3%
Total Gross Margin

82.0%

Previous: 40.0%+105.0%
Operating Expenses

$21.3M

Previous: $9.1M+134.1%
Capital Expenditures

-$369K

No prior period
Free Cash Flow

-$18M

No prior period
Net Income

-$17.6M

Previous: -$8.32M-111.8%
Operating Income

-$11.1M

Previous: -$7.69M-44.0%
Gross Profit

$10.2M

Previous: $1.42M+621.9%
Cash & Equivalents

$35.6M

No prior period
Total Assets

$52.5M

No prior period

Revenue & EPS history

Sight Sciences · Revenue · Quarterly

$12.5M

Q2 2021+257.9%vs Q2 2020
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Revenue by segment

Sight Sciences · $12.5M total across 2 segments · Q2 2021

  • Interventional Glaucoma
    $12M+264.7%
  • Interventional Dry Eye
    $500K+168.8%

Forward guidance

Sight Sciences projects revenue for the full year 2021 to range from $46 million to $48 million, which represents 66% to 74% growth compared to the prior year period.

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

+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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