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STAAR Surgical Reports 14% Fourth Quarter Revenue Growth
Date:3/16/2009
ilarly useful to investors to give insight on long term trends in the Company's performance without the external effect of changes in relative currency values. The table below shows sales results calculated in accordance with GAAP, the effect of currency, and the resulting non-GAAP measure expressed in constant currency.
CONTACT:
Investors Media
EVC Group EVC Group
Douglas Sherk, 415-896-6820 Christopher Gale 646-201-5431
Michael Pollock, 415-896-5860
(Tables to Follow)
STAAR Surgical Company
Condensed Consolidated Statements of Operations
(In 000's except for per share data)
Unaudited
Three Months Ended Year Ended
------------------ ----------
January 2, December 28, January 2, December 28,
2009 2007 2009 2007
---- ---- ---- ----
Net sales $18,157 $15,885 $74,894 $59,363
Cost of sales 7,797 7,921 34,787 30,097
----- ----- ------ ------
Gross profit 10,360 7,964 40,107 29,266
------ ----- ------ ------
General and
administrative: 4,289 3,370 15,730 12,951
Marketing and selling 6,425 6,500 27,053 23,723
Research and
development 1,974 1,724 7,938 6,711
Other operating
expenses 5,923 - 9,773 -
----- --- ----- --
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