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Glaukos posts $1.3 million in quarterly net income

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Glaukos posted a net income of $1.3 million, or $0.04 per diluted share, for the third quarter of 2017 compared with a net income of $1.2 million, or $0.03 per diluted share, for the third quarter of 2016, according to a press release.

Net sales increased to $40.4 million compared with $29.6 million in the same quarter of 2016, which Glaukos attributed to higher selling prices and an expansion of its direct sales operations in new international markets.

Operating expenses rose from $24.7 million in 2016’s third quarter to $33.9 million, while income from operations declined from $1 million to $0.7 million.