Sight Sciences, Inc. Stock Price, News & Analysis

Sight Sciences reported strong financial results for Q3 2022, with total revenue of $18.7 million, marking a 43% increase year-over-year and an 8% rise from Q2 2022. The gross margin stood at 84%. The company increased the number of facilities using its OMNI Surgical System to 913 and the TearCare System to 881. Surgical Glaucoma revenue rose 37% year-over-year, while Dry Eye revenue surged 145%. Despite a net loss of $22.2 million, the outlook for 2022 revenue is projected between $70 million and $72 million, reflecting 43% to 47% growth.

Sight Sciences announced the publication of clinical data demonstrating the safety and effectiveness of the OMNI Surgical System in treating pseudophakic glaucoma patients. The study, published in International Ophthalmology, highlights the potential of OMNI as a minimally invasive, implant-free solution for patients whose intraocular pressure (IOP) is no longer controlled by existing treatments. Follow-ups of 3 to 42 months revealed that most participants regained IOP control, emphasizing OMNI's role in managing glaucoma throughout its progression.

Sight Sciences, Inc. (Nasdaq: SGHT) will announce its third-quarter financial results on November 10, 2022, after the market close. The management team will host a conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss these results. The event will be accessible through a live and archived webcast on the company's website. Sight Sciences focuses on innovative eyecare technology, including the OMNI® Surgical System and the TearCare® System, aimed at addressing prevalent eye diseases and improving patient outcomes.

On September 29, 2022, Sight Sciences (Nasdaq: SGHT) announced the publication of clinical trial data from the OLYMPIA trial in Clinical Ophthalmology. Results indicated that the TearCare System outperformed LipiFlow in improving symptoms for advanced dry eye patients due to meibomian gland dysfunction. The study involved 235 participants and showed statistically significant symptom relief across multiple endpoints, with TearCare achieving a 31% reduction in OSDI scores compared to LipiFlow's 21%. The findings reinforce TearCare's effectiveness as a treatment option.

Sight Sciences announced a first-time preview of the Ergo-Series of the OMNI Surgical System and the new SION Surgical Instrument at the AAO convention in Chicago, IL. Twelve ophthalmic physicians will share their experiences with the OMNI as a standalone treatment for minimally invasive glaucoma surgery (MIGS). These demonstrations highlight the effectiveness of OMNI in lowering intraocular pressure (IOP) while reducing patient medication needs. The event takes place at booth #4843 during the convention.

Sight Sciences announced the OMNI Surgical System will be showcased in seven clinical presentations at the 2022 ESCRS meeting in Milan from September 16-20. This system offers an innovative, implant-free approach to treating glaucoma, addressing key resistance points in the aqueous outflow system. The company highlights the growing adoption of OMNI in cataract procedures. Attendees will engage with leading glaucoma specialists at the booth, and the presentations will include long-term evaluations of OMNI's effectiveness in treating open-angle glaucoma.

Sight Sciences, Inc. (Nasdaq: SGHT) has announced the completion of enrollment in the SAHARA Trial, evaluating the effectiveness of the TearCare® device versus Restasis® eyedrops for chronic dry eye disease. This 310-patient randomized controlled trial aims to assess the superiority of the TearCare procedure in alleviating symptoms and improving eye surface conditions. Six-month efficacy results are expected by Summer 2023, with significant implications for treatment practices in dry eye disease anticipated from the outcome. The trial emphasizes a comprehensive approach to eye care.

Sight Sciences, an eyecare technology company listed on Nasdaq under the symbol SGHT, has announced its participation in the Morgan Stanley Global Healthcare Conference in New York City. The management will engage in a fireside chat scheduled for September 13, 2022, at 7:20 AM ET. Investors can access a live and archived webcast of the discussion through the 'Investors' section of their website. The company focuses on innovative solutions to improve patient care for eye diseases, including its OMNI® Surgical System for glaucoma and TearCare® System for dry eye disease.

Sight Sciences, Inc. (Nasdaq: SGHT), an innovative eyecare technology company, announced its participation in the Inaugural Gilmartin Group Emerging Growth Company Showcase, scheduled for August 31, 2022, at 2:30 PM ET. The event will be held virtually, and interested parties can access a live webcast through the provided link. An archived version will be available on the company's website post-event. Sight Sciences focuses on developing minimally invasive solutions for prevalent eye diseases, including the OMNI Surgical System and TearCare System, aimed at improving patient care.