Staar Surg Stock Price, News & Analysis

STAAR Surgical (NASDAQ: STAA) has announced a $30 million share repurchase program authorized by its Board of Directors. The company, a global leader in phakic IOLs with the EVO family of Implantable Collamer® Lenses, will execute the program over the next six months through various methods including open market purchases and structured agreements. As of March 28, 2025, STAAR had $222.8 million in cash and investments, no outstanding debt, and approximately 49.5 million shares outstanding. The company expects its cash position to remain above $140 million before generating cash in the latter half of 2025. The repurchase program demonstrates management's confidence in STAAR's future growth potential and commitment to shareholder value.

STAAR Surgical (STAA) reported challenging Q1 2025 results with net sales of $42.6 million, down 45% Y/Y, primarily due to planned channel inventory reduction in China. The company posted a net loss of $(54.2) million or $(1.10) per share, compared to $(3.3) million loss year ago. Excluding China, sales grew 9% Y/Y to $42.2 million across all key markets. Gross margin declined to 65.8% from 78.9%. The company implemented cost control measures, targeting SG&A reduction to $225 million by end of 2025. STAAR received regulatory approvals in Taiwan and Brazil for EVO ICL products and expects mid-year approval for EVO+ lenses in China. To address China tariffs, STAAR negotiated consignment agreements and is expanding manufacturing in Switzerland. The company withdrew its previous financial outlook due to global economic uncertainty but expects normalized China sales resumption in Q3 2025.

STAAR Surgical (NASDAQ: STAA), the global leader in phakic IOLs with the EVO family of Implantable Collamer® Lenses, has scheduled its first quarter 2025 earnings release and conference call. The company will announce financial results for Q1 ending March 28, 2025, on Wednesday, May 7, 2025 after market close, followed by an earnings call at 5:15 p.m. ET.

STAAR Surgical specializes in implantable phakic intraocular lenses for vision correction, having sold over 3 million ICLs across 75+ countries. The company's EVO ICL™ product line offers vision correction through minimally invasive procedures, with operations spanning research, development, and manufacturing facilities in California and Switzerland.

STAAR Surgical (NASDAQ: STAA) announced significant leadership changes to optimize its organizational structure. Warren Foust has been promoted to President and Chief Operating Officer, expanding his oversight to include sales, manufacturing, operations, and additional departments. Dr. Magda Michna has been elevated to Chief Development Officer, taking on expanded responsibilities including R&D.

Key changes include:

• Deborah Andrews returns as Interim CFO, replacing Patrick F. Williams who is stepping down
• Keith Holliday retires as Chief Technology Officer
• Williams agrees to a three-month consulting period for transition

CEO Steve Farrell indicated these changes aim to drive revenue growth, improve cost structure, and enhance shareholder value. The company has already implemented measures to reduce long-term costs and plans to discuss additional growth opportunities during the first quarter earnings call.

STAAR Surgical Company (NASDAQ: STAA) announced a significant leadership transition, with Stephen C. Farrell appointed as President and CEO effective February 26, 2025. Farrell, currently serving as Lead Independent Director, will succeed Tom Frinzi, who will remain in an advisory role through January 2026.

The company also announced that Dr. Elizabeth Yeu has been elected as Board Chair, separating the roles of CEO and Board Chair. Farrell brings over 20 years of experience as both CEO and CFO of global healthcare businesses, most recently serving as CEO of Convey Health Solutions until February 2024.

The transition comes as STAAR, the global leader in phakic IOLs with the EVO family of Implantable Collamer® Lenses, aims to navigate global macroeconomic challenges and drive market share gains in the refractive surgery market.

STAAR Surgical (NASDAQ: STAA) reported fiscal 2024 results with net sales of $313.9 million and ICL sales of $312.5 million, impacted by weak China macroeconomic conditions. The company posted a net loss of $(20.2) million, compared to net income of $21.3 million in the previous year.

While ICL sales excluding China grew 17% in Q4 and 13% in fiscal 2024, China's performance significantly declined. The company ended the year with $230.5 million in cash and investments. Gross margin decreased to 76.3% from 78.4% year ago.

For fiscal 2025, STAAR expects ICL sales excluding China of $165-175 million (9-15% growth), and China ICL sales below $5 million in H1 2025, with potential recovery to $75-125 million in H2 2025. The company projects an Adjusted EBITDA loss range of $(50) million to $(15) million for fiscal 2025.

STAAR Surgical Company (NASDAQ: STAA), a leader in phakic IOLs with its EVO family of Implantable Collamer® Lenses (EVO ICL™), announced it will release its financial results for Q4 and fiscal year ending December 27, 2024, on February 19, 2025, after market close. CEO Tom Frinzi highlighted the company's double-digit ICL sales growth globally in 2024, except in China due to economic conditions and low consumer confidence.

The Chinese New Year in late January is expected to be a key indicator of consumer demand, especially following recent economic stimulus measures. STAAR will discuss its 2024 results and 2025 outlook during the earnings call.

The earnings webcast is scheduled for February 19, 2025, at 4:30 p.m. ET and will be available on the STAAR website. A replay will be accessible from 8:00 p.m. ET on the same day for at least 90 days.

STAAR Surgical has over 40 years of experience in ophthalmic surgery, focusing on designing, developing, and marketing implantable lenses to reduce reliance on glasses or contacts. The company has sold over 3 million ICLs across more than 75 countries.

STAAR Surgical Company (NASDAQ: STAA) has announced its participation in the 4th Annual BTIG Ophthalmology Day. The company's Chair of the Board, President and CEO, Thomas G. Frinzi, will engage in investor meetings and a fireside chat scheduled for December 2, 2024, at 4:00 p.m. ET. STAAR Surgical, with over 40 years in ophthalmic surgery, specializes in developing implantable lenses, particularly the EVO ICL™ product line for myopia, astigmatism and presbyopia. The company has sold more than 3,000,000 ICLs globally and markets these lenses in over 75 countries.

STAAR Surgical Company (NASDAQ: STAA) announces its participation in the upcoming Stephens Annual Investment Conference in Nashville. Chief Financial Officer Patrick F. Williams will participate in a webcast fireside chat on Wednesday, November 20, 2024, at 11:00 a.m. ET. STAAR Surgical, with over 40 years in ophthalmic surgery, specializes in developing implantable lenses, particularly the EVO ICL™ product line for myopia, astigmatism, and presbyopia. The company has sold more than 3,000,000 ICLs across 75+ countries and operates manufacturing facilities in California and Switzerland.