NYSE$GKOS

Glaukos Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Glaukos reported a decrease in net sales but an increase in gross margin and non-GAAP gross margin compared to the same quarter last year. The company is focused on launching new products and advancing its pipeline of novel platform technologies.

Glaukos Corporation announced its second quarter 2022 financial results, with net sales of $72.7 million. The company's gross margin was approximately 75%, and non-GAAP gross margin was approximately 83%. Glaukos raised its 2022 net sales guidance to $275 million to $280 million.

  • Net sales reached $72.7 million.
  • Glaucoma net sales were $56.1 million.
  • Corneal Health net sales totaled $16.6 million.
  • Gross margin was approximately 75%, while non-GAAP gross margin was approximately 83%.

Headline financials

Total Revenue

$72.7M

Previous: $78.1M-6.9%
EPS (adj)

-$0.83

Previous: -$0.11-654.5%
Gross Margin

75.0%

Previous: 77.0%-2.6%
Non-GAAP Gross Margin

83.0%

Previous: 84.0%-1.2%
SG&A Expenses

$49.9M

Previous: $45.3M+10.2%
R&D Expenses

$31.7M

Previous: $24.3M+30.7%
Capital Expenditures

-$16M

Previous: -$28.5M+43.9%
Free Cash Flow

-$61.5M

Previous: -$46M-33.7%
Net Income

-$45.5M

Previous: -$17.5M-160.5%
Operating Income

-$36.8M

Previous: -$14.2M-158.5%
Gross Profit

$54.9M

Previous: $60.3M-9.1%
Cash & Equivalents

$103M

Previous: $118M-13.3%
Total Assets

$1.03B

Previous: $1.04B-1.2%
Stock-Based Comp

$10.5M

Previous: $7.98M+32.0%

Revenue & EPS history

Glaukos · Revenue · Quarterly

$72.7M

Q2 2022-6.9%vs Q2 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Glaukos · $56.1M total across 1 segment · Q2 2022

  • Glaucoma
    $56.1M-10.5%

Forward guidance

The company expects 2022 net sales to be in the range of $275 million to $280 million.

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 2022

Historical avgQ2 2022

-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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro