This article is more than 5 years old. Information may no longer be current.

STAAR Surgical posts 20% rise in first-quarter sales

Add topic to email alerts

Receive an email when new articles are posted on

Please provide your email address to receive an email when new articles are posted on .

Subscribe

Added to email alerts

You've successfully added to your alerts. You will receive an email when new content is published.

Click Here to Manage Email Alerts

You've successfully added to your alerts. You will receive an email when new content is published.

Click Here to Manage Email Alerts

Back to Healio

We were unable to process your request. Please try again later. If you continue to have this issue please contact customerservice@slackinc.com.

Back to Healio

MONROVIA, Calif. — STAAR Surgical reported $17.96 million in total sales for the first quarter, a 20% increase over $14.92 million for the first quarter of 2007, the company announced in a press release. The sales growth was largely due to a 37% rise in international product sales, which included $2.81 million in sales from STAAR Japan, as well as $1.14 million due to currency fluctuation, the release said.

Total first-quarter sales in the United States were $4.52 million, down 11% compared with $5.09 million in the first quarter of 2007. First-quarter U.S. ICL sales totaled $1.1 million, a 9.3% increase compared with $1 million in the same period last year.

STAAR's first-quarter net loss totaled $8.9 million, or $0.30 per common share, compared with $3.5 million, or $0.14 per common share, in the first quarter of 2007. Of the $8.9 million loss, $6 million resulted from the acquisition of STAAR Japan, including $3.9 million in settlement costs and $1.5 million in charges to cost of goods.

STAAR reported $13.41 million in total cataract sales for the quarter, a 21.7% rise over $11.02 million for the fourth quarter of 2007. Total ICL/TICL sales rose 17.5% to $4.28 million, compared with $3.64 million in last year's first quarter.