NYSE$GKOS

Glaukos Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Glaukos reported strong Q4 2019 results with a 22% increase in net sales, driven by Glaucoma unit volume increases and the Avedro acquisition.

Glaukos Corporation announced its Q4 and full year 2019 financial results, highlighted by a 22% increase in net sales for the quarter, reaching $65.8 million. The growth was fueled by increased Glaucoma unit volume and the contribution from the Avedro acquisition. The company introduced 2020 net sales guidance of $290 million to $300 million.

  • Net sales increased by 22% to $65.8 million compared to Q4 2018.
  • Glaucoma net sales grew by 11% to $59.8 million compared to Q4 2018.
  • Corneal Health net sales reached $6.0 million from November 21, 2019, through December 31, 2019, following the Avedro acquisition.
  • The company provided 2020 net sales guidance of $290 million to $300 million.

Headline financials

Total Revenue

$65.8M

Previous: $54.1M+21.8%
EPS (adj)

-$0.06

Previous: $0.04-250.0%
Gross Margin

76.0%

Previous: 87.0%-12.6%
Non-GAAP Gross Margin

85.0%

Previous: 87.0%-2.3%
SG&A Expenses

$59.6M

Previous: $32.1M+85.7%
R&D Expenses

$20M

Previous: $13M+53.8%
Capital Expenditures

$1.19M

Previous: $7.58M-84.3%
Free Cash Flow

-$5.39M

Previous: $9.55M-156.4%
Net Income

$36.6M

Previous: $1.78M+1957.3%
Operating Income

-$29.7M

Previous: $1.9M-1665.6%
Gross Profit

$49.9M

Previous: $47M+6.4%
Cash & Equivalents

$62.4M

Previous: $29.8M+109.3%
Total Assets

$818M

Previous: $207M+295.4%
Stock-Based Comp

$12.5M

Previous: $6.67M+87.0%

Revenue & EPS history

Glaukos · Revenue · Quarterly

$65.8M

Q4 2019+21.8%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Glaukos · $59.8M total across 1 segment · Q4 2019

  • Glaucoma
    $59.8M+10.5%

Forward guidance

The company expects 2020 net sales to be in the range of $290 to $300 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 Q4 2019

Historical avgQ4 2019

-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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