NYSE$GKOS
Glaukos Corp · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Glaukos' financial results for Q1 2020 were announced, showing a slight increase in net sales but a significant decrease in gross margin due to COVID-19 impacts and the Avedro acquisition.
Glaukos Corporation reported a 2% increase in net sales for Q1 2020, reaching $55.3 million compared to $54.0 million in Q1 2019. However, the company experienced a significant decrease in gross margin, dropping to 41% from 87% in the same period last year. The net loss was $54.1 million, or ($1.24) per diluted share, compared to a net loss of $1.3 million, or ($0.04) per diluted share, in Q1 2019. The company withdrew its annual net sales guidance for 2020 due to uncertainties related to the COVID-19 pandemic.
- Net sales increased by 2% to $55.3 million in Q1 2020, compared to $54.0 million in Q1 2019.
- Glaucoma net sales were $44.1 million in Q1 2020, compared to $54.0 million in Q1 2019.
- Corneal Health net sales were $11.2 million in Q1 2020.
- The company withdrew its annual net sales guidance for 2020 due to COVID-19 uncertainties.
Headline financials
Revenue & EPS history
Glaukos · Revenue · Quarterly
$55.3M
Revenue by segment
Glaukos · $44.1M total across 1 segment · Q1 2020
- Glaucoma$44.1M-18.3%100.0%
Forward guidance
Glaukos withdrew its previously announced annual guidance for 2020 due to the rapidly evolving environment and continued uncertainties from the impact of COVID-19.
Headwinds
- Company is currently unable to reasonably estimate the specific extent, or duration, of the impact of the COVID-19 outbreak on our financial and operating results.
- Company is also unable to predict how the outbreak will continue to affect restrictions and advisories on elective procedures and therapies, the availability of physicians and/or their treatment prioritizations or the impact of the outbreak on the overall healthcare infrastructure.
- In addition to an impact on procedure volumes, we are experiencing and may experience other disruptions as a result of the COVID-19 outbreak.
- It is possible our suppliers will incur challenges supplying the materials needed for the manufacture of our product.
- Our clinical trials may be adversely affected.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.3%
Avg return
Earnings day
-4.0%
Avg return
5 days after
-0.5%
Avg return
30 days after
39%
18 / 46 earnings
Positive
+25.2%
Q1 2016
Best reaction
-28.2%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +22.1% | +14.1% | -11.8% | |
| Q4 2025 | +12.8% | +12.9% | -5.3% | |
| Q3 2025 | +14.0% | +11.5% | +37.9% | |
| Q1 2025 | -1.4% | -15.0% | -15.1% | |
| Q4 2024 | -20.0% | -23.4% | -35.0% | |
| Q3 2024 | -3.0% | +7.6% | +4.9% | |
| Q2 2024 | -0.2% | -3.6% | +13.6% | |
| Q1 2024 | +9.4% | +9.4% | +17.4% | |
| Q4 2023 | -0.7% | -0.5% | -4.4% | |
| Q3 2023 | -5.9% | -6.1% | -4.5% | |
| Q2 2023 | -3.0% | -2.0% | -2.4% | |
| Q1 2023 | +11.3% | +29.1% | +36.7% | |
| Q4 2022 | -2.7% | -5.4% | -1.7% | |
| Q3 2022 | -11.6% | -13.8% | -12.4% | |
| Q2 2022 | +0.4% | -1.8% | -8.3% | |
| Q1 2022 | -7.0% | -27.1% | -11.2% | |
| Q4 2021 | +1.9% | +9.7% | +10.3% | |
| Q3 2021 | +6.6% | -2.6% | -24.7% | |
| Q2 2021 | +3.8% | +2.4% | +20.2% | |
| Q1 2021 | -9.0% | -15.8% | -18.9% | |
| Q4 2020 | -1.9% | -0.4% | -11.3% | |
| Q3 2020 | +7.7% | +15.3% | +25.4% | |
| Q2 2020 | -13.2% | -18.6% | -3.4% | |
| Q1 2020 | -2.0% | -6.8% | +15.0% | |
| Q4 2019 | -28.2% | -30.2% | -45.6% | |
| Q3 2019 | -8.8% | -2.8% | -7.3% | |
| Q2 2019 | -15.4% | -20.5% | -14.9% | |
| Q1 2019 | -4.8% | -10.4% | -5.9% | |
| Q4 2018 | +11.6% | +2.7% | +17.9% | |
| Q3 2018 | +1.8% | -2.8% | +9.5% | |
| Q2 2018 | -9.5% | -7.5% | +57.1% | |
| Q1 2018 | -4.5% | -8.3% | +11.9% | |
| Q4 2017 | +7.1% | +0.8% | -2.1% | |
| Q3 2017 | -16.2% | -15.0% | -26.6% | |
| Q2 2017 | -6.7% | -5.0% | -3.9% | |
| Q1 2017 | -11.6% | -15.4% | -14.9% | |
| Q4 2016 | +4.8% | -1.4% | +12.7% | |
| Q3 2016 | -3.3% | -3.6% | -5.7% | |
| Q2 2016 | -2.1% | -5.5% | -14.6% | |
| Q1 2015 | +18.3% | — | — | |
| Q1 2016 | +25.2% | — | — | |
| Q4 2015 | -2.9% | — | — | |
| Q3 2014 | +9.6% | — | — | |
| Q3 2015 | +15.3% | — | — | |
| Q4 2014 | -0.2% | — | — | |
| Q2 2015 | -0.0% | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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