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Dec 31, 2021
Glaukos Q4 2021 Earnings Report
Glaukos reported flat net sales but improved gross margin in Q4 2021, while operating losses increased compared to the same period in 2020.
Key Takeaways
Glaukos Corporation reported fourth-quarter net sales of $73.2 million, consistent with the prior year. The company's gross margin improved, but operating losses increased due to higher SG&A and R&D expenses. The company expects 2022 net sales to be in the range of $265 million to $275 million.
Net sales were $73.2 million, the same as the fourth quarter of 2020.
Gross margin increased to approximately 77% from approximately 73% in the same period in 2020.
Operating loss was $17.9 million, compared to an operating loss of $11.4 million in the fourth quarter of 2020.
Net loss was $21.9 million, or ($0.47) per diluted share, compared to a net loss of $10.6 million, or ($0.24) per diluted share, in the fourth quarter of 2020.
Forward Guidance
The company expects 2022 net sales to be in the range of $265 million to $275 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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