NASDAQ$SGHT

Sight Sciences Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported strong commercial results, FDA clearances, significant progress across clinical trials, and R&D advancements.

Sight Sciences reported a strong fourth quarter and full year 2021, with significant revenue growth and gross margin expansion. The company achieved FDA clearances for OMNI and TearCare, made progress in clinical trials, and advanced R&D efforts.

  • Generated fourth quarter 2021 total revenue of $14.7 million, an increase of 63% compared to the prior year period.
  • Expanded total gross margin to 87% in the fourth quarter 2021 versus 74% in the prior year period.
  • Received FDA 510(k) Clearance of the TearCare® System for treatment of Meibomian Gland Disease (MGD).
  • Completed the largest medical technology IPO of 2021, raising $276 million.

Headline financials

Total Revenue

$14.7M

Previous: $8.99M+63.3%
EPS (adj)

-$0.34

Previous: -$0.26-30.9%
Total Gross Margin

87.0%

Previous: 74.0%+17.6%
Operating Expenses

$27.5M

Previous: $15M+82.5%
Capital Expenditures

$157K

No prior period
Free Cash Flow

-$10.9M

No prior period
Net Income

-$15.9M

Previous: -$9.11M-75.0%
Operating Income

-$14.7M

Previous: -$8.43M-74.5%
Gross Profit

$12.7M

Previous: $6.62M+92.6%
Cash & Equivalents

$261M

No prior period
Total Assets

$280M

No prior period
Stock-Based Comp

$1.98M

No prior period

Revenue & EPS history

Sight Sciences · Revenue · Quarterly

$14.7M

Q4 2021+63.3%vs Q4 2020
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Revenue by segment

Sight Sciences · $14.7M total across 2 segments · Q4 2021

  • Interventional Glaucoma
    $13.9M+59.8%
  • Interventional Dry Eye
    $800K+166.7%

Forward guidance

Sight Sciences projects revenue for the full year 2022 to range from $67 million to $75 million, which represents approximately 45% growth compared to 2021 using the midpoint of the range.

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 Q4 2021

Historical avgQ4 2021

+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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