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Mar 31, 2023

Glaukos Q1 2023 Earnings Report

Glaukos experienced solid topline growth and advanced its pipeline of novel technologies.

Key Takeaways

Glaukos Corporation reported a 9% year-over-year increase in net sales for Q1 2023, reaching $73.9 million. The company's glaucoma and corneal health segments both saw growth, and the company raised its 2023 net sales guidance to $295 million to $300 million.

Net sales increased by 9% year-over-year to $73.9 million in Q1 2023.

Glaucoma net sales rose by 9% year-over-year to $56.2 million in Q1 2023.

Corneal Health net sales increased by 10% year-over-year to $17.7 million in Q1 2023.

The company raised 2023 net sales guidance to $295 million to $300 million.

Total Revenue
$73.9M
Previous year: $67.7M
+9.2%
EPS
-$0.59
Previous year: -$0.38
+55.3%
Gross margin
76%
Previous year: 75%
+1.3%
Non-GAAP gross margin
83%
Previous year: 83%
+0.0%
Gross Profit
$56.2M
Previous year: $50.6M
+11.0%
Cash and Equivalents
$325M
Previous year: $106M
+206.0%
Free Cash Flow
-$37.7M
Previous year: $3.17M
-1288.4%
Total Assets
$973M
Previous year: $1.05B
-7.6%

Glaukos

Glaukos

Glaukos Revenue by Segment

Forward Guidance

Glaukos expects 2023 net sales to be in the range of $295 million to $300 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income