NYSE$GKOS

Glaukos Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Glaukos' third quarter performance reflected the company's commitment to strategic priorities amidst COVID-19 challenges.

Glaukos Corporation reported an 11% increase in net sales for the third quarter of 2020, reaching $64.8 million compared to $58.5 million in the same period of 2019. The company's gross margin was approximately 72%, with a non-GAAP gross margin of approximately 85%. Operating expenses were $59.3 million, and the net loss was $15.7 million, or ($0.35) per diluted share.

  • Net sales reached $64.8 million in Q3 2020, up from $58.5 million in Q3 2019.
  • Glaucoma net sales amounted to $51.9 million, while Corneal Health net sales were $12.9 million in Q3 2020.
  • Gross margin was approximately 72%, and non-GAAP gross margin was approximately 85% in Q3 2020.
  • Operating expenses totaled $59.3 million, and non-GAAP operating expenses were $57.5 million in Q3 2020.

Headline financials

Total Revenue

$64.8M

Previous: $58.5M+10.8%
EPS (adj)

-$0.09

Previous: -$0.10+10.0%
Gross Margin

72.0%

Previous: 87.0%-17.2%
Non-GAAP Gross Margin

85.0%

Previous: 87.0%-2.3%
SG&A Expenses

$38.9M

Previous: $44.4M-12.4%
R&D Expenses

$20.3M

Previous: $17.3M+17.5%
Capital Expenditures

-$4.79M

Previous: -$3.53M-35.7%
Free Cash Flow

-$20.5M

Previous: -$17M-20.6%
Net Income

-$15.7M

Previous: -$13.5M-16.6%
Operating Income

-$12.4M

Previous: -$12.4M+0.5%
Gross Profit

$46.9M

Previous: $50.8M-7.7%
Cash & Equivalents

$81M

Previous: $39.5M+104.9%
Total Assets

$995M

Previous: $307M+223.5%
Stock-Based Comp

$9.66M

Previous: $8.55M+13.0%

Revenue & EPS history

Glaukos · Revenue · Quarterly

$64.8M

Q3 2020+10.8%vs Q3 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Glaukos · $51.9M total across 1 segment · Q3 2020

  • Glaucoma
    $51.9M

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 Q3 2020

Historical avgQ3 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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