Glaukos Q4 2021 Earnings Report
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.
Glaukos
Glaukos
Forward Guidance
The company expects 2022 net sales to be in the range of $265 million to $275 million.