Welcome to our dedicated page for Staar Surg news (Ticker: STAA), a resource for investors and traders seeking the latest updates and insights on Staar Surg stock.
STAAR Surgical Company (NASDAQ: STAA) features prominently in ophthalmic and corporate news due to its focus on implantable intraocular lenses and its role in the vision correction market. Company press releases describe STAAR as the global leader in implantable phakic intraocular lenses, particularly through the EVO family of Implantable Collamer Lenses (EVO ICL) for vision correction, and as a long-standing participant in ophthalmic surgery since 1982.
This news page aggregates coverage related to STAAR’s product developments, strategic decisions, shareholder actions, and governance changes. Recent announcements include the proposed and later terminated merger agreement with Alcon, a series of special meetings and proxy solicitations, and a cooperation agreement with major shareholder Broadwood Partners under which representatives of Broadwood and Yunqi Capital joined STAAR’s Board of Directors. These events illustrate how transaction activity and shareholder perspectives can influence the company’s direction while it continues to operate as a standalone, publicly traded company on Nasdaq.
Readers can expect updates on topics such as merger and acquisition proposals, outcomes of shareholder votes, board appointments, and other material events reported in STAAR’s press releases and related communications. Because STAAR’s core business centers on ophthalmic surgical products like Implantable Collamer Lenses and intraocular lenses, news may also highlight the positioning of its EVO ICL technology and its use in vision correction procedures in markets around the world.
For investors, analysts, and industry observers, following STAA news offers insight into both the company’s ophthalmic product strategy and its evolving governance and ownership dynamics. This page provides a centralized view of those developments as they are reported in official company and market communications.
STAAR Surgical Company (NASDAQ: STAA) will release its financial results for the fourth quarter and fiscal year ending December 31, 2021, on February 23, 2022, post-market. A conference call is scheduled for the same day at 4:30 p.m. ET to discuss these results and operational progress. Participants can join via phone or webcast from the investor relations section on their website. As a leader in ophthalmic surgery for over 30 years, STAAR specializes in implantable lenses designed to enhance visual freedom, with over 1 million Visian ICLs implanted worldwide.
STAAR Surgical reported preliminary results for fiscal year 2021, revealing a strong 40% year-over-year growth with total net sales of approximately $230 million.
The fourth quarter net sales reached about $59 million, and GAAP earnings per share is projected at $0.10 for Q4 and $0.50 for the full year. Despite growth, the company faced challenges due to COVID-related absences and production delays, leading to a backlog of over 20,000 lenses. Looking ahead, STAAR anticipates 2022 net sales of $295 million, assuming no further COVID impact.
STAAR Surgical Company (NASDAQ: STAA) reported strong third quarter results with net sales of $58.4 million, a 24% increase year-over-year. ICL sales reached $54.2 million, up 31%, while unit growth was 29%. Gross margin improved to 77.6%. The company raised its full-year sales outlook to $230 million - $231 million, reflecting over 40% growth. However, a backlog of over 20,000 lenses was noted, partially due to COVID-related challenges. Net income per share grew to $0.12 from $0.08 in the prior year. Cash reserves rose to $196.2 million from $152.5 million.
STAAR Surgical Company (NASDAQ: STAA) will announce its third-quarter financial results on November 3, 2021, after market close. A conference call will follow at 4:30 p.m. Eastern / 1:30 p.m. Pacific to discuss the results and operational progress. Participants can join the call at 844-200-6205 (domestic) or 929-526-1599 (international). A taped replay will be available for seven days after the call. STAAR focuses on developing implantable lenses and delivery systems to enhance visual freedom, having successfully implanted over 1,000,000 Visian ICLs worldwide.
STAAR Surgical Company (NASDAQ: STAA) reported record second-quarter net sales of $62.4 million, a 77% increase year-over-year, driven primarily by ICL sales up 93%. Gross margin improved to 78.9% from 69.4% the previous year. The net income was $8.6 million or $0.17 per share, compared to a net loss of $1.2 million last year. The company raised its annual sales outlook to between $227 million and $230 million, projecting approximately 40% year-over-year growth. Cash reserves increased to $173.1 million.
STAAR Surgical Company (NASDAQ: STAA) will announce its second-quarter financial results for the period ending July 2, 2021, on August 4, 2021, after market close. Following the announcement, a conference call will take place on the same day at 4:30 p.m. Eastern / 1:30 p.m. Pacific to discuss the results and operational updates. Participants can join the call by dialing 866-209-9722 (domestic) or 825-312-2235 (international). A replay of the call will be available for a week, along with an archived webcast on www.staar.com.
STAAR Surgical Company (NASDAQ: STAA) reported record first-quarter 2021 net sales of $50.8 million, a 44% increase from the previous year. Implantable Collamer Lens (ICL) sales reached $46.5 million, up 58%, with unit sales growing 54%. Gross margin improved to 77.1% from 70.4% a year ago. The company achieved a net income of $5.0 million ($0.10/share), reversing the prior year's loss. Cash reserves rose to $162.3 million. STAAR forecasts fiscal 2021 net sales between $215 million and $217 million, reflecting over 30% anticipated growth year-over-year.
STAAR Surgical Company (NASDAQ: STAA) will announce its financial results for the first quarter ended April 2, 2021, on May 5, 2021, after the market close. A conference call to discuss these results is scheduled for the same day at 4:30 p.m. Eastern / 1:30 p.m. Pacific. Participants can join the call by dialing 833-350-1429 (domestic) or 647-689-6661 (international). A replay will be available for seven days after the call. STAAR specializes in implantable lenses for eye surgery, with over 1,000,000 lenses implanted globally.
STAAR Surgical Company (NASDAQ: STAA) reported financial results for Q4 and FY 2020, highlighting a net sales increase of 18% to $46.0 million for Q4, driven by a 20% rise in ICL sales. However, net income fell to $0.07 per share from $0.14 due to a prior year tax benefit. For FY 2020, net sales reached $163.5 million, up 9%, but gross margin decreased to 72.4%. Operating expenses rose to $111.6 million due to increased costs across various areas, including R&D. The company remains optimistic about ongoing growth and market share gains in refractive procedures.
STAAR Surgical Company (NASDAQ: STAA) has announced it will release its fourth-quarter and fiscal year financial results on February 24, 2021, post-market. The company will also hold a conference call at 4:30 p.m. Eastern to discuss these results and operational insights. STAAR specializes in developing and marketing implantable lenses and delivery systems for the eye, with over 1,000,000 Visian® ICLs implanted globally, illustrating its strong presence in the ophthalmic surgery market.