STAAR Surgical Q3 net sales fall 12% to $83.4 million; net income $5.6 million
STAAR Surgical reported third-quarter 2026 net sales of $83.4 million, down 12% from $94.7 million a year earlier, and net income of $5.6 million, or $0.11 per diluted share, versus $8.9 million, or $0.18, in the prior-year quarter. The prior-year quarter included $25.9 million of deferred China sales; excluding that, third-quarter net sales rose 21%, and the company said it expects gross margin to improve in the fourth quarter. The Board also authorized a share repurchase of up to $50 million, and the company reported no outstanding debt.
Key points
- Net sales were $83.4 million, down 12% from $94.7 million; up 21% excluding $25.9 million of deferred China sales recognized in the third quarter of 2025.
- Gross profit margin was 70.9%, compared with 82.2% in the prior-year quarter, which included deferred China revenue with no cost of sales.
- Net income was $5.6 million, or $0.11 per diluted share, versus $8.9 million, or $0.18, a year earlier.
- In September 2026 the Board authorized repurchases of up to $50 million of common stock; cash and investments were $206.4 million as of October 2, 2026, with no outstanding debt.
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
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