NASDAQ$STAA
STAAR Surgical Company · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
STAAR Surgical's Q4 2022 earnings reflected growth in net sales and ICL sales, with ICL unit growth driven by U.S. and China.
STAAR Surgical reported a 9% increase in net sales to $64.0 million for Q4 2022, driven by a 15% increase in ICL sales and a 20% increase in ICL unit growth. The company's net income increased to $0.12 per share, and they reaffirmed their outlook for strong growth in 2023.
- Net sales increased by 9% to $64.0 million, with constant currency net sales up 15% from the prior year quarter.
- ICL sales increased by 15% to $61.2 million, with constant currency ICL sales up 21% from the prior year quarter.
- ICL units increased by 20% from the prior year quarter, with U.S. units up 109% and China units up 18%.
- Net income was $0.12 per share, compared to $0.10 per share in the prior year quarter.
Headline financials
Revenue & EPS history
STAAR Surgical · Revenue · Quarterly
$64M
Forward guidance
STAAR Surgical anticipates total ICL sales of approximately $340 million for fiscal year 2023, representing a 26% year-over-year growth.
Tailwinds
- Increased investment to accelerate consumer awareness.
- Increased investment to accelerate surgeon confidence.
- Increased investment to accelerate adoption of EVO ICL family of lenses.
- Continuing industry leading position as a high growth company.
- Continuing industry leading position as a profitable ophthalmic medical device company.
Headwinds
- Global economic conditions
- The impact of the COVID-19 pandemic on markets
- The discretion of regulatory agencies to approve or reject existing, new or improved products, or to require additional actions before approval, or to take enforcement action
- International trade disputes
- The willingness of surgeons and patients to adopt a new or improved product and procedure
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 Q4 2022
+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
| Quarter | Report date | Reaction (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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