Company Description
STAAR Surgical Company (NASDAQ: STAA) is a specialized medical device manufacturer focused on ophthalmic surgery. According to company disclosures, STAAR has been dedicated solely to ophthalmic surgery since 1982 and concentrates on implantable intraocular lenses that provide surgical vision correction. The company is described in regulatory and news materials as the global leader in implantable phakic intraocular lenses (IOLs), particularly through its EVO family of Implantable Collamer Lenses (EVO ICL) used for vision correction that can reduce or eliminate the need for glasses or contact lenses.
STAAR designs, develops, manufactures, and markets advanced Implantable Collamer Lenses (ICLs) made from its proprietary biocompatible Collamer material. Company descriptions state that STAAR ICLs are clinically proven to deliver long-term vision correction without removing corneal tissue or the eye’s natural crystalline lens. In addition to phakic ICLs used in refractive surgery, STAAR also manufactures intraocular lenses (IOLs) used in cataract surgery, as reflected in third-party industry classifications and product descriptions. The majority of its sales are generated from ophthalmic surgical products.
STAAR’s EVO ICL product line is described as providing visual freedom through a quick, minimally invasive procedure. Company communications report that STAAR has sold more than 3 million ICLs in over 75 countries, underscoring the global reach of its ophthalmic implant technology. The company is headquartered in Lake Forest, California, and operates research, development, manufacturing, and packaging facilities in California and Switzerland, according to its public communications.
Business focus and product portfolio
Across its disclosures, STAAR emphasizes a focused business model centered on ophthalmic surgical implants. Its primary products are:
- Implantable Collamer Lenses (ICLs) – phakic intraocular lenses used in refractive surgery for vision correction, positioned as an alternative to procedures that remove corneal tissue.
- Intraocular lenses (IOLs) – lenses used in cataract surgery, as described in industry summaries of the company’s operations.
- Delivery systems – systems used to deliver the lenses into the eye, referenced in product descriptions of STAAR’s manufacturing activities.
Public descriptions highlight that STAAR’s ICL technology is based on its proprietary Collamer material, which is characterized as biocompatible. The company’s communications state that its ICLs are clinically proven for safe long-term vision correction, and that EVO ICL technology is intended to be used more extensively worldwide as a vision correction option.
Market role and stock information
STAAR Surgical’s common stock trades on Nasdaq under the ticker symbol STAA, as confirmed in multiple SEC filings. Company and third-party descriptions consistently place STAAR within the surgical and medical instrument manufacturing industry, with a focus on ophthalmic devices. Its positioning as a global leader in implantable phakic IOLs is reiterated across several press releases, particularly in connection with its EVO ICL product family.
Regulatory filings and news reports also show that STAAR has been the subject of significant corporate activity, including an Agreement and Plan of Merger with Alcon Research, LLC announced in August 2025 and later terminated after shareholders did not approve the transaction. Subsequent disclosures state that STAAR remains a standalone, publicly traded company and continues to trade on Nasdaq under the STAA symbol.
Operations and geographic footprint
According to company press releases, STAAR operates research, development, manufacturing, and packaging facilities in California and Switzerland. Its products are reported to have been sold in more than 75 countries, reflecting a broad international customer base for its ophthalmic surgical lenses. While detailed regional breakdowns are not provided in the cited materials, various investor and shareholder communications reference key markets, including regions where refractive surgery and ICL procedures are performed.
Corporate governance and shareholder base
Recent news highlights active engagement between STAAR and several large shareholders. Broadwood Partners, L.P. and its affiliates are repeatedly identified as STAAR’s largest shareholder, owning around 30% of the company’s outstanding common stock in various communications, and later described as holding approximately 31%. Yunqi Capital and other institutional investors are also mentioned as significant shareholders. These parties have been involved in public discussions regarding STAAR’s strategic direction, including opposition to the proposed sale to Alcon and support for STAAR’s prospects as an independent company.
In January 2026, STAAR announced a cooperation agreement with Broadwood under which representatives of Broadwood and Yunqi Capital joined the company’s Board of Directors. The same announcement noted that the size of the Board was expanded and that the company intended to make further announcements regarding its next Chair and CEO. These developments underscore an evolving governance structure influenced by long-term shareholders.
Regulatory reporting and transaction history
STAAR’s SEC filings detail the proposed merger with Alcon, including the original merger agreement, subsequent amendments, go-shop provisions, and multiple adjournments and postponements of the special meeting of stockholders. An 8-K filed in August 2025 describes the agreement under which STAAR would have become a wholly owned subsidiary of Alcon, with its common stock delisted from Nasdaq and deregistered, subject to completion of the merger. Later news reports and company statements confirm that shareholders did not approve the merger and that the agreement was terminated without a termination fee, leaving STAAR as an independent, publicly traded company.
Additional 8-K filings cover topics such as preliminary and final financial results, litigation related to the merger proxy statement, and the establishment of a go-shop period to solicit alternative acquisition proposals. These filings provide insight into STAAR’s transaction processes, shareholder communications, and regulatory obligations as a Nasdaq-listed issuer.
Management and organizational developments
Company filings report that STAAR has made changes in its senior leadership and financial oversight. In June 2025, an 8-K disclosed the appointment of Deborah Andrews as Chief Financial Officer, after she had served as Interim CFO. The same filing noted the creation of a Capital Stewardship Committee of the Board to guide financial strategies, including capital allocation and oversight. Later news reports describe changes to the composition of the Board, including the addition of directors associated with major shareholders and the planned transition of the CEO role.
Summary
Overall, STAAR Surgical Company is characterized in its own communications and regulatory filings as a focused ophthalmic medical device manufacturer that has concentrated on implantable intraocular lenses for vision correction since the early 1980s. Its Nasdaq-listed common stock (symbol STAA), global distribution of ICLs and IOLs, proprietary Collamer-based lens technology, and active shareholder base together define the key elements of the company’s profile for investors and other stakeholders.
Stock Performance
Staar Surg (STAA) stock last traded at $17.89, down 4.02% from the previous close. Over the past 12 months, the stock has gained 1.8%. At a market capitalization of $922.9M, STAA is classified as a small-cap stock with approximately 49.5M shares outstanding.
Latest News
Staar Surg has 10 recent news articles. Of the recent coverage, 5 articles coincided with positive price movement and 5 with negative movement. Key topics include earnings, conferences, acquisition. View all STAA news →
SEC Filings
Staar Surg has filed 5 recent SEC filings, including 3 Form 4, 1 Form SCHEDULE 13G/A, 1 Form SCHEDULE 13D/A. The most recent filing was submitted on March 27, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all STAA SEC filings →
Insider Radar
Insider buying activity at Staar Surg over the past 90 days may reflect management confidence in the company's direction. Institutional investors and analysts often monitor insider purchases as a potential bullish indicator for the stock.
Financial Highlights
Staar Surg generated $239.4M in revenue over the trailing twelve months, retaining a 76.2% gross margin, operating income reached -$91.7M (-38.3% operating margin), and net income was -$80.4M, reflecting a -33.6% net profit margin. Diluted earnings per share stood at $-1.62. The company generated -$34.2M in operating cash flow.
Upcoming Events
Short Interest History
Short interest in Staar Surg (STAA) currently stands at 4.0 million shares, down 0.7% from the previous reporting period, representing 8.1% of the float. Over the past 12 months, short interest has decreased by 23.1%.
Days to Cover History
Days to cover for Staar Surg (STAA) currently stands at 3.3 days, up 72.9% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has decreased 40.1% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.0 to 11.4 days.
STAA Company Profile & Sector Positioning
Staar Surg (STAA) operates in the Medical Instruments & Supplies industry within the broader Ophthalmic Goods sector and is listed on the NASDAQ.
Investors comparing STAA often look at related companies in the same sector, including Biolife Solutions Inc (BLFS), Azenta Inc (AZTA), Atricure (ATRC), ANBIO BIOTECHNOLOGY (NNNN), and KESTRA MED TECHNOLOGIES LTD (KMTS). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate STAA's relative position within its industry.