NYSE$GKOS

Glaukos Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Glaukos' second quarter results reflected successful global execution and growing momentum.

Glaukos Corporation reported record net sales of $95.7 million in Q2 2024, a 19% increase year-over-year. The company raised its 2024 net sales guidance to $370 million to $376 million.

  • Record net sales of $95.7 million in Q2 2024 increased 19% year-over-year on a reported basis and 20% year-over-year on a constant currency basis.
  • Glaucoma record net sales of $75.9 million in Q2 2024 increased 23% year-over-year.
  • Corneal Health net sales of $19.8 million in Q2 2024 increased 7% year-over-year.
  • Gross margin of approximately 76% and non-GAAP gross margin of approximately 82% in Q2 2024.

Headline financials

Total Revenue

$95.7M

Previous: $80.4M+19.0%
EPS (adj)

-$0.52

Previous: -$0.55+5.5%
Capital Expenditures

-$3.12M

Previous: -$12.7M+75.4%
Free Cash Flow

-$53.7M

Previous: -$45.5M-18.0%
Net Income

-$50.5M

Previous: -$32.8M-54.0%
Operating Income

-$30M

Previous: -$29.1M-3.1%
Gross Profit

$73.1M

Previous: $60.3M+21.3%
Cash & Equivalents

$68.1M

Previous: $94.8M-28.2%
Total Assets

$920M

Previous: $957M-3.9%
R&D Expense

$34.4M

No prior period
Stock-Based Comp

$11.3M

Previous: $9.87M+14.6%

Revenue & EPS history

Glaukos · Revenue · Quarterly

$95.7M

Q2 2024+19%vs Q2 2023
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Glaukos · $58.3M total across 1 segment · Q3 2023

  • Glaucoma
    $58.3M+8.6%

Forward guidance

The company expects 2024 net sales to be in the range of $370 million to $376 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 2024

Historical avgQ2 2024

-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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