NASDAQ$SGHT

Sight Sciences Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong second-quarter results with revenue growth and gross margin expansion.

Sight Sciences reported a 37% increase in revenue to $17.2 million for the second quarter of 2022, driven by growth in both Surgical Glaucoma and Dry Eye segments. Gross margin expanded to 84%. The company is focused on increasing adoption of its OMNI Surgical System and TearCare System, launching the SION surgical instrument, and advancing dry eye initiatives.

  • Generated $17.2 million in revenue, a 37% increase compared to the prior year period.
  • Expanded gross margin to 84% versus 82% in the prior year period.
  • Increased facilities ordering the OMNI Surgical System to 875 and TearCare System facilities to 762.
  • Maintained excellence in Surgical Glaucoma account retention with a 100% retention rate.

Headline financials

Total Revenue

$17.2M

Previous: $12.5M+37.4%
EPS (adj)

-$0.50

Previous: -$1.83+72.7%
Total Gross Margin

84.0%

Previous: 82.0%+2.4%
Operating Expenses

$37.4M

Previous: $21.3M+75.4%
Capital Expenditures

-$569K

Previous: -$369K-54.2%
Free Cash Flow

-$24.4M

Previous: -$18M-35.7%
Net Income

-$23.8M

Previous: -$17.6M-35.4%
Operating Income

-$22.9M

Previous: -$11.1M-106.4%
Gross Profit

$14.5M

Previous: $10.2M+41.7%
Cash & Equivalents

$220M

Previous: $35.6M+518.7%
Total Assets

$241M

Previous: $52.5M+358.5%
Stock-Based Comp

$3.53M

No prior period

Revenue & EPS history

Sight Sciences · Revenue · Quarterly

$17.2M

Q2 2022+37.4%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Sight Sciences · $17.2M total across 2 segments · Q2 2022

  • Interventional Glaucoma
    $15.9M+32.5%
  • Interventional Dry Eye
    $1.3M+160.0%

Forward guidance

Sight Sciences projects revenue for the full year 2022 to range from $68 million to $72 million, which represents growth of approximately 39% to 47% 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 Q2 2022

Historical avgQ2 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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