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Glaukos posts $0.9 million in first-quarter income

Issue: July 25, 2017

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Glaukos reported a net income of $0.9 million, or $0.02 per diluted share, in the first quarter of 2017 compared with $0.9 million, or $0.03 per diluted share, in the same quarter of 2016.

Net sales were $35.9 million, a 55% increase compared with $23.1 million in the first quarter a year ago, according to a company press release.

Operating expenses were $30.4 million, an increase of 57% from 2016’s expenses of $19.4 million. The increase was attributed to the addition of international sales operations, as well as domestic sales, marketing and administrative personnel and expenses.