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Mar 28, 2025
STAAR Surgical Q1 2025 Earnings Report
STAAR Surgical reported a significant decrease in net sales and a net loss for the first quarter of 2025, primarily due to planned reductions in channel inventory in China and higher manufacturing costs.
Key Takeaways
STAAR Surgical reported net sales of $42.6 million for the first quarter of 2025, a 45% decrease year-over-year, primarily due to a planned reduction of channel inventory in China. The company incurred a net loss of $(54.2) million and an adjusted EBITDA loss of $(26.4) million. Despite the challenges in China, sales excluding China increased by 9% year-over-year.
Net sales decreased by 45% year-over-year to $42.6 million, driven by a planned reduction of channel inventory in China.
Sales excluding China increased by 9% year-over-year, reflecting growth in all key markets outside of China.
The company reported a net loss of $(54.2) million and an adjusted EBITDA loss of $(26.4) million.
Gross margin declined to 65.8% from 78.9% in the prior year, primarily due to intentional reduction in U.S. production volumes and higher manufacturing costs.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
STAAR Surgical has withdrawn its previously provided financial outlook due to global economic uncertainty and evolving tariff policy, but remains confident in its efforts to mitigate tariff exposure and its long-term business trends.
Positive Outlook
- Confidence in resuming revenue growth and Adjusted EBITDA for the full second half of the year.
- Outstanding technology and consistent history of market share gains.
- Large addressable market supported by expanding incidence of myopia.
- Strong balance sheet and demonstrated ability to drive profitability and cash flow.
- Belief in the potential of Collamer for use in other therapeutic applications, especially within the eye.
Challenges Ahead
- Withdrawal of previously provided financial outlook.
- Global economic uncertainty.
- Evolving tariff policy.
- Transitory challenges in China business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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