Loading...
•
Dec 31, 2024
Rxsight Q4 2024 Earnings Report
RxSight, Inc. reported strong fourth quarter and full-year 2024 financial results, driven by significant increases in Light Adjustable Lens (LAL) sales and Light Delivery Device (LDD) installations, and reaffirmed its 2025 guidance.
Key Takeaways
RxSight, Inc. achieved a 41% increase in Q4 2024 revenue to $40.2 million, primarily due to a 61% rise in LAL procedure volume and a 46% expansion in LDD installed base. The company also reported a significant improvement in net loss and gross profit margin compared to the previous year.
Fourth quarter 2024 revenue increased by 41% to $40.2 million, compared to $28.6 million in Q4 2023.
Gross profit for Q4 2024 was $28.8 million, or 71.6% of revenue, up from $17.7 million or 61.8% in Q4 2023.
Net loss for Q4 2024 improved to $(5.9) million, or $(0.15) per share, from $(9.2) million, or $(0.26) per share, in Q4 2023.
Adjusted net earnings for Q4 2024 were $1.3 million, or $0.03 per share, compared to an adjusted net loss of $(4.8) million, or $(0.13) per share, in Q4 2023.
Revenue by Segment
Forward Guidance
RxSight, Inc. reiterated its full-year 2025 guidance, projecting continued growth in revenue and gross profit margin, while managing operating expenses.
Positive Outlook
- Revenue projected in the range of $185.0 million to $197.0 million, representing implied growth of approximately 32% to 41% compared to 2024.
- Gross margin projected in the range of 71% to 73%, representing an implied increase of 30 bps to 230 bps compared to 2024.
- Operating expenses projected in the range of $165.0 million to $170.0 million, representing an implied increase of 22% to 25% compared to 2024.
- Operating expense guidance includes non-cash expenses in the range of $22.0 million to $25.0 million.
- Management expresses strong conviction in the potential of adjustability to transform the premium cataract market and plans to expand adoption globally.
Challenges Ahead
- Operating expenses are projected to increase, albeit at a slower rate than revenue growth.
- The guidance includes non-cash expenses, which will impact reported net income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...