NYSE$GKOS

Glaukos Corp · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Glaukos's Q2 2023 financial results were announced, featuring record net sales and double-digit topline growth.

Glaukos reported Q2 2023 net sales of $80.4 million, an 11% increase year-over-year, with a gross margin of approximately 75% and a non-GAAP gross margin of approximately 82%. The company raised its 2023 net sales guidance to $304 million to $308 million.

  • Net sales reached $80.4 million, marking an 11% increase year-over-year.
  • Glaucoma net sales were $61.9 million, up 10% year-over-year.
  • Corneal Health net sales increased by 11% to $18.5 million.
  • Gross margin was approximately 75%, with a non-GAAP gross margin of about 82%.

Headline financials

Total Revenue

$80.4M

Previous: $72.7M+10.6%
EPS (adj)

-$0.55

Previous: -$0.83+33.7%
Gross Margin

75.0%

Previous: 75.0%+0.0%
Non-GAAP Gross Margin

82.0%

Previous: 83.0%-1.2%
SG&A Expenses

$53.1M

Previous: $49.9M+6.4%
R&D Expenses

$33.2M

Previous: $31.7M+4.7%
Capital Expenditures

-$12.7M

Previous: -$16M+20.8%
Free Cash Flow

-$45.5M

Previous: -$61.5M+26.1%
Net Income

-$32.8M

Previous: -$45.5M+27.9%
Operating Income

-$29.1M

Previous: -$36.8M+20.9%
Gross Profit

$60.3M

Previous: $54.9M+9.9%
Cash & Equivalents

$94.8M

Previous: $103M-7.5%
Total Assets

$957M

Previous: $1.03B-7.2%
Stock-Based Comp

$9.87M

Previous: $10.5M-6.3%

Revenue & EPS history

Glaukos · Revenue · Quarterly

$80.4M

Q2 2023+10.6%vs Q2 2022
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Glaukos · $61.9M total across 1 segment · Q2 2023

  • Glaucoma
    $61.9M+10.3%

Forward guidance

The company expects 2023 net sales to be in the range of $304 million to $308 million based on the latest foreign currency exchange rates.

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 2023

Historical avgQ2 2023

-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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