NYSE$GKOS

Glaukos Corp · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Glaukos's net sales decreased due to COVID-19 disruptions, while employees remained dedicated to strategic objectives.

Glaukos Corporation reported a decrease in net sales for Q2 2020, primarily due to disruptions associated with COVID-19. The company is encouraged by the initial return of elective procedures and remains focused on advancing its mission.

  • Q2 2020 net sales were $31.6 million, compared to $58.6 million in Q2 2019.
  • Glaucoma Q2 2020 net sales were $24.9 million, compared to $58.6 million in Q2 2019.
  • Corneal Health Q2 2020 net sales were $6.6 million.
  • Gross margin for the second quarter of 2020 was approximately 31%, compared to approximately 87% in the same period in 2019.

Headline financials

Total Revenue

$31.6M

Previous: $58.6M-46.1%
EPS (adj)

-$0.61

Previous: -$0.17-258.8%
Gross Margin

31.0%

Previous: 87.0%-64.4%
Non-GAAP Gross Margin

78.0%

Previous: 87.0%-10.3%
SG&A Expenses

$38.1M

Previous: $37.7M+1.1%
R&D Expenses

$19M

Previous: $17.1M+11.1%
Capital Expenditures

-$3.51M

Previous: -$2.52M-39.1%
Free Cash Flow

-$43.4M

Previous: -$8.83M-391.4%
Net Income

-$39.9M

Previous: -$6.31M-532.3%
Operating Income

-$47.2M

Previous: -$6.24M-656.4%
Gross Profit

$9.89M

Previous: $50.7M-80.5%
Cash & Equivalents

$267M

Previous: $40M+567.6%
Total Assets

$996M

Previous: $302M+229.6%
Stock-Based Comp

$10.9M

Previous: $8.25M+32.1%

Revenue & EPS history

Glaukos · Revenue · Quarterly

$31.6M

Q2 2020-46.1%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Glaukos · $24.9M total across 1 segment · Q2 2020

  • Glaucoma
    $24.9M-57.5%

Forward guidance

Glaukos has withdrawn its previously announced annual guidance for 2020 due to the rapidly evolving environment and continued uncertainties from the impact of COVID-19.

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 Q2 2020

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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