Staar Surgical: Q1 Earnings Snapshot
May 5, 2021
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LAKE FOREST, Calif. (AP) Staar Surgical Co. (STAA) on Wednesday reported first-quarter net income of $5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Lake Forest, California-based company said it had profit of 10 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 20 cents per share.
The maker of implantable lenses posted revenue of $50.8 million in the period.
Staar Surgical expects full-year revenue in the range of $215 million to $217 million.
Staar Surgical shares have climbed 57% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $124.60, more than tripling in the last 12 months.
Operator
Good afternoon, ladies and gentlemen, and welcome to the STAAR Surgical Fourth Quarter 2020 Financial Results Conference Call. [Operator Instructions]
I would now like to turn the conference over to your host, Mr. Brian Moore, Vice President, Investor, Media Relations and Corporate Development. Please go ahead, sir.
Brian Moore
Vice President, Investor, Media Relations and Corporate Development
Thank you, operator, and good afternoon, everyone. Thank you for joining us on this STAAR Surgical conference call this afternoon to discuss the company s financial results for the fourth quarter and the fiscal year ended January 1, 2021. On the call today are Caren Mason, President and Chief Executive Officer; and Patrick Williams, Chief Financial Officer. The press release of our fourth quarter results was issued just after four p.m. Eastern Time and is now available on STAAR s website at www.staar.com.
Staar Surgical Co (STAA) Q4 2020 Earnings Call Transcript msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Staar Surgical Co. (NASD: STAA) will replace.