STAAR SURGICAL CO
For the period ended Dec 29, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
STAA$23.87-2.8%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
(In thousands, except per share amounts)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Net sales | $322,415 | $284,391 | $230,472 |
| Cost of sales | 69,764 | 61,008 | 51,835 |
| Gross profit | 252,651 | 223,383 | 178,637 |
| Selling, general and administrative expenses: | |||
| General and administrative | 72,319 | 54,742 | 44,142 |
| Selling and marketing | 107,834 | 88,856 | 67,294 |
| Research and development | 44,401 | 35,983 | 33,862 |
| Total selling, general and administrative expenses | 224,554 | 179,581 | 145,298 |
| Operating income | 28,097 | 43,802 | 33,339 |
| Other income (expense), net: | |||
| Interest income (expense), net | 6,986 | 2,448 | (38) |
| Loss on foreign currency transactions | (1,909) | (1,707) | (2,964) |
| Royalty income | 74 | 804 | 1,015 |
| Other income (loss), net | 448 | 205 | (48) |
| Total other income (expenses), net | 5,599 | 1,750 | (2,035) |
| Income before income taxes | 33,696 | 45,552 | 31,304 |
| Provision for income taxes | 12,349 | 5,887 | 3,793 |
| Net income | $21,347 | $39,665 | $27,511 |
| Net income per share: | |||
| Basic | $0.44 | $0.83 | $0.58 |
| Diluted | $0.43 | $0.80 | $0.56 |
| Weighted average shares outstanding: | |||
| Basic | 48,523 | 47,987 | 47,210 |
| Diluted | 49,427 | 49,380 | 49,456 |
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