Glaukos’ Net Sales Increase 37 Percent in Q3-2017

November 10, 2017: By Jon Swedien

GlaukosGlaukos’ net sales in Q3-2017 totaled $40.4 million, an increase of 37 percent compared with Q3-2016, the San Clemente, California, company announced Nov. 7.

Glaukos reaffirmed its 2017 net sales guidance of $155 million to $160 million. The range was lowered Sept. 14 from earlier guidance of $162 million to $167 million.

Operating expenses for Q3-2017 rose 38 percent to $33.9 million, compared with $24.7 million for Q3-2016. Income from operations was 700 thousand for Q3-2017, compared with $1 million for Q3-2016. Net income for Q3-2017 was $1.3 million, or $0.04 per diluted share, compared with $1.2 million, or $0.03 per diluted share, for Q3-2016, Glaukos said.

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