STAAR Posts Q2-2018 Revenues of $33.9 Million, a 55 Percent Increase

August 3, 2018: By Joan McKenna

STAAR Surgical logoSTAAR Surgical reported Aug. 1 that its Q2-2018 revenues totaled $33.9 million, an increase of 55 percent over Q2-2017.

CEO Caren Mason said the company’s EVO Visian ICL family of lenses continued to drive the expansive growth, with ICL sales up 67 percent and units up 66 percent year over year.

The Monrovia, California, company saw country-level increases of 131 percent in Japan, 127 percent in China, 64 percent in Canada, and 61 percent in India.

In addition, STAAR saw growth of 30 percent in Germany and 20 percent in European countries.

Net income for the second quarter was approximately $1.8 million, compared with a net loss of $1.0 million in Q2-2017.

 

 

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