NASDAQ$STAA

STAAR Surgical Company · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

STAAR Surgical's Q2 2021 earnings reflected record net sales and ICL sales, driven by strong global ICL unit growth and positive sales in major markets.

STAAR Surgical reported record second-quarter net sales of $62.4 million, a 77% increase year-over-year, driven by ICL sales growth of 93%. The company raised its full-year net sales outlook to a range of $227 million to $230 million.

  • Record quarterly net sales of $62.4 million, up 77% year-over-year.
  • Record quarterly ICL sales of $59.2 million, up 93% year-over-year.
  • Record quarterly ICL units, up 79% year-over-year.
  • Net income of $0.17 per share, compared to a net loss of ($0.03) per share in the prior year quarter.

Headline financials

Total Revenue

$62.4M

Previous: $35.2M+77.2%
EPS (adj)

$0.27

Previous: $0.03+800.0%
Capital Expenditures

-$5.68M

Previous: -$4.21M-35.0%
Free Cash Flow

$2.88M

Previous: -$5.38M+153.6%
Net Income

$8.57M

Previous: -$1.17M+831.0%
Operating Income

$10.6M

Previous: -$1.06M+1109.4%
Gross Profit

$49.2M

Previous: $24.4M+101.4%
Cash & Equivalents

$173M

Previous: $116M+48.8%
Total Assets

$294M

Previous: $218M+35.0%
Stock-Based Comp

$3.99M

No prior period

Revenue & EPS history

STAAR Surgical · Revenue · Quarterly

$62.4M

Q2 2021+77.2%vs Q2 2020
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

STAAR Surgical raised its outlook for full-year fiscal 2021 net sales to a range of $227 million to $230 million.

Tailwinds

  • Increased sales outlook for fiscal year 2021 represents approximately 40% growth year over year.
  • ICL unit growth in China up 65%.
  • ICL unit growth in Japan up 95%.
  • ICL unit growth in Korea up 57%.
  • ICL unit growth in the U.S. up 255%.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+2.4%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+3.5%

Avg return

30 days after

50%

30 / 60 earnings

Positive

+29.0%

Q1 2018

Best reaction

-24.7%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.3%+14.5%+0.6%
Q4 2025-1.4%-3.2%+6.8%
Q3 2025-0.3%-4.9%-0.2%
Q1 2025+0.2%-2.3%-8.1%
Q4 2024-24.7%-29.8%-22.1%
Q3 2024-4.3%-3.8%-3.9%
Q2 2024+6.5%+1.7%-17.9%
Q1 2024-10.8%-7.9%-12.0%
Q4 2023+6.6%+8.6%+22.9%
Q3 2023-13.9%-17.5%-21.1%
Q2 2023-10.5%-11.6%-18.4%
Q1 2023-5.8%-1.5%-15.9%
Q4 2022-12.7%-18.4%-9.6%
Q3 2022-18.9%-20.0%-14.1%
Q2 2022+23.1%+26.6%+16.8%
Q1 2022+1.9%-9.3%+7.6%
Q4 2021+13.1%+20.4%+10.7%
Q3 2021-1.5%-1.3%-24.8%
Q2 2021+21.3%+19.4%+22.4%
Q1 2021+8.6%-8.6%+12.6%
Q4 2020-4.3%-4.1%-9.7%
Q3 2020+2.4%+14.8%+7.0%
Q2 2020-6.8%-14.2%-16.7%
Q1 2020-0.5%+3.8%+14.8%
Q4 2019+2.0%+4.1%+1.9%
Q3 2019+14.6%+22.1%+28.8%
Q2 2019+14.9%+5.9%-0.6%
Q1 2019-13.3%-16.8%-28.7%
Q4 2018-0.6%-1.2%+2.7%
Q3 2018+10.6%+13.9%-1.2%
Q2 2018+25.6%+29.3%+54.6%
Q1 2018+29.0%+38.1%+84.8%
Q4 2017-9.1%-8.2%-7.2%
Q3 2017+12.0%+10.5%+17.0%
Q2 2017-1.4%-3.3%+11.6%
Q1 2017-2.9%-3.3%-10.0%
Q4 2016+1.5%-2.4%-4.4%
Q3 2016+9.8%+11.6%+28.0%
Q2 2016+19.9%+21.5%+30.4%
Q1 2016-22.4%
Q4 2015+17.1%
Q3 2015+13.0%
Q2 2015+1.2%
Q1 2015-6.0%
Q4 2013+10.1%
Q3 2013-3.6%
Q2 2013+18.6%
Q1 2013+20.8%
Q4 2012-5.6%
Q3 2012+7.5%
Q2 2012+26.3%
Q1 2011-10.1%
Q1 2012-0.7%
Q4 2011-0.8%
Q1 2009-0.8%
Q3 2010+7.7%
Q3 2011+7.7%
Q4 2010-6.7%
Q2 2010-6.7%
Q2 2011-6.7%

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