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Dec 31, 2022

Glaukos Q4 2022 Earnings Report

Glaukos' Q4 2022 performance caps off a successful year, despite reimbursement headwinds and a challenging macroeconomic environment.

Key Takeaways

Glaukos Corporation reported net sales of $71.2 million in Q4 2022, a 3% decrease compared to the same period in 2021. The company's gross margin was approximately 76%, and non-GAAP gross margin was approximately 84%. The company introduced 2023 net sales guidance range of $290 million to $295 million.

Net sales reached $71.2 million in Q4 2022.

Glaucoma net sales were $52.9 million, while Corneal Health net sales totaled $18.3 million in Q4 2022.

Gross margin was approximately 76%, and non-GAAP gross margin was approximately 84% in Q4 2022.

The company introduced a 2023 net sales guidance range of $290 million to $295 million.

Total Revenue
$71.2M
Previous year: $73.2M
-2.7%
EPS
-$0.53
Previous year: -$0.31
+71.0%
Gross margin
76%
Previous year: 77%
-1.3%
Non-GAAP gross margin
84%
Previous year: 85%
-1.2%
SG&A expenses
$51.9M
Previous year: $47.6M
+9.1%
Gross Profit
$54M
Previous year: $56.4M
-4.2%
Cash and Equivalents
$120M
Previous year: $423M
-71.7%
Free Cash Flow
-$12.4M
Previous year: -$14M
-11.6%
Total Assets
$1B
Previous year: $1.05B
-4.5%

Glaukos

Glaukos

Glaukos Revenue by Segment

Forward Guidance

The company expects 2023 net sales to be in the range of $290 million to $295 million based on the latest foreign currency exchange rates.

Revenue & Expenses

Visualization of income flow from segment revenue to net income