STAAR Surgical Co
NASDAQ:STAA

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STAAR Surgical Co
NASDAQ:STAA
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Price: 18.97 USD 2.49% Market Closed
Market Cap: $939.2m

STAAR Surgical Co
Investor Relations

In the early throes of medical innovation, STAAR Surgical Co. carved a niche within the ophthalmic industry, where its focus on implantable lenses set it apart from many contemporaries. Based in Monrovia, California, the company began its journey by enhancing an integral component of human life: vision. Through the skillful development and manufacture of implantable collamer lenses (ICLs), STAAR Surgical has thrived by providing solutions for those seeking alternatives to laser-based surgeries. Its ICL technology directly targets issues like myopia (nearsightedness) and astigmatism, offering patients a reversible, less invasive option than traditional corrective procedures.

STAAR Surgical's business model hinges on a blend of specialized technology and strategic market penetration. The company primarily generates revenue by selling its suite of implantable lenses to healthcare providers and clinics worldwide, capitalizing on the rising trend of elective vision correction procedures. With its innovation-driven credo, STAAR continually invests in R&D to enhance its product offerings, ensuring it remains at the forefront of eye-care technology. By targeting emerging markets and expanding its global footprint, particularly in regions with growing demand for premium vision solutions, STAAR has positioned its unique value proposition to capitalize on both technological advancements and changing patient preferences. Through this deliberate strategy, STAAR not only bolsters its revenue streams but also fortifies its presence as a key player in the ophthalmic landscape.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 3, 2026
AI Summary
Q4 2025

Leadership: Interim Co-CEOs Warren Foust and Deborah Andrews are jointly leading STAAR while the Board conducts a CEO search.

Q4 Results: Total net sales were $57.8 million (Q4 2025) versus $49.0 million a year ago; China net sales in Q4 were $17.5 million versus $7.8 million a year ago.

China inventory: Management says distributor inventory in China has been reduced to contractual levels (and slightly below the referenced 6‑month level), improving visibility into in‑market demand.

Profitability progress: Gross margin expanded to 75.7% in Q4 2025 (from 64.7% prior year); adjusted EBITDA loss narrowed to $0.2 million from a $20.8 million loss a year ago.

Costs & run rate: Total Q4 operating expenses were $66.6 million, including $11.2 million of merger-related costs; operating expenses ex-merger/restructuring were $54.7 million (down 8.2% YoY). Management beat its $225 million second-half 2025 expense target and expects a similar ~$225 million operating expense run rate in 2026.

Manufacturing & tariffs: Swiss manufacturing (Nidau) is producing commercial product and is being scaled to support EVO+ in China to mitigate tariff exposure and increase supply resilience.

Outlook (qualitative): Management is targeting profitability in FY 2026, expects slightly lower gross margin in 2026 due to Swiss inventory cost and increased reserves, and plans cash generation to resume in H2 with year‑end 2026 cash higher than 2025.

Key Financials
Total net sales (Q4 2025)
$57.8 million
Total net sales (Q4 2024)
$49.0 million
China net sales (Q4 2025)
$17.5 million
China net sales (Q4 2024)
$7.8 million
December 2024 China shipment recognized
$27.5 million
Gross profit margin (Q4 2025)
75.7%
Gross profit margin (Q4 2024)
64.7%
Total operating expenses (Q4 2025)
$66.6 million
Operating expenses excluding merger & restructuring (Q4 2025)
$54.7 million
Merger-related costs (Q4 2025)
$11.2 million
Restructuring costs (Q4 2025)
$0.7 million
Adjusted EBITDA (Q4 2025)
loss of $0.2 million
Adjusted EBITDA (Q4 2024)
loss of $20.8 million
Cash, cash equivalents and available-for-sale investments (end of Q4 2025)
$187.5 million
Debt
None
Operating expense run-rate target (communicated Q1 2025)
$225 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Thomas G. Frinzi
President, CEO & Chairman
No Bio Available
Mr. Patrick F. Williams
Chief Financial Officer
No Bio Available
Mr. Warren Foust
Chief Operating Officer
No Bio Available
Dr. Keith Holliday Ph.D.
Chief Technology Officer
No Bio Available
Dr. Scott D. Barnes M.D.
Chief Medical Officer
No Bio Available
Mr. Brian Moore
Vice President of Investor Relations & Corporate Development
No Bio Available
Mr. Nathaniel B. Sisitsky Esq.
General Counsel & Corporate Secretary
No Bio Available
Ms. Nancy Sabin
Chief Marketing Officer
No Bio Available
Mr. James Francese
Senior Vice President of Commercial Operations - North America & APAC
No Bio Available
Dr. Magda Michna Ph.D.
Chief Clinical, Regulatory & Medical Affairs Officer
No Bio Available

Contacts

Address
CALIFORNIA
Lake Forest
25651 Atlantic Ocean Drive
Contacts
+16263037902.0
staar.com
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