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Sep 30, 2022

Glaukos Q3 2022 Earnings Report

Glaukos' third quarter performance reflected commitment to advance key strategic priorities and execute plans amidst a dynamic macro environment.

Key Takeaways

Glaukos Corporation reported net sales of $71.3 million in Q3 2022, a 4.6% decrease compared to the same period in 2021. The company's gross margin was approximately 76%, and non-GAAP gross margin was approximately 84%.

Net sales of $71.3 million in Q3 2022.

Glaucoma net sales of $53.7 million and Corneal Health net sales of $17.5 million in Q3 2022.

Gross margin of approximately 76% and non-GAAP gross margin of approximately 84% in Q3 2022.

Updated 2022 net sales guidance to $278 million to $280 million, compared to $275 million to $280 million previously.

Total Revenue
$71.3M
Previous year: $74.7M
-4.6%
EPS
-$0.45
Previous year: -$0.21
+114.3%
Gross margin
76%
Previous year: 79%
-3.8%
Non-GAAP gross margin
84%
Previous year: 87%
-3.4%
SG&A expenses
$47.1M
Previous year: $44.5M
+6.0%
Gross Profit
$54.4M
Previous year: $59.3M
-8.3%
Cash and Equivalents
$104M
Previous year: $113M
-8.1%
Free Cash Flow
-$32.6M
Previous year: $7.87M
-513.4%
Total Assets
$1.01B
Previous year: $1.06B
-5.2%

Glaukos

Glaukos

Glaukos Revenue by Segment

Forward Guidance

The company expects 2022 net sales to be in the range of $278 million to $280 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income