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Glaukos posts $1.2 million net income in third quarter

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Glaukos reported a net income of $1.2 million, or $0.03 diluted net income per share, in the third quarter compared with a net loss of $2.1 million, or $0.07 diluted net loss per share, in the same quarter last year, according to a press release.

Quarterly net sales were $29.6 million, a 56% increase compared with $19 million in 2015. This was mostly attributed to the growth of iStent utilization.

Operating expenses increased 42% to $24.7 million compared with $17.4 million a year ago.