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STAAR Surgical Reports Solid First Quarter Progress
Date:5/6/2008

Total Sales Grow 20% Year-Over-Year

U.S. Visian ICL Sales Increase Year-Over-Year

Cost Reduction Efforts Show Continued Results

Company Ends the Quarter with $10.5 Million in Cash

MONROVIA, Calif., May 6 /PRNewswire-FirstCall/ -- STAAR Surgical Company (Nasdaq: STAA), a leading developer, manufacturer and marketer of minimally invasive ophthalmic products, today reported good progress during its first quarter ended March 28, 2008.

Recent Highlights

Corporate Highlights

-- Total sales grew 20% year-over-year to $17,960,000

-- Total international sales growth of 37% year-over-year to

$13,436,000

-- Cost reduction programs focused on U.S. operations generated results

-- Strong management of cash resources continued: $10,522,000 on hand

as of March 28 versus $10,895,000 as of December 28, 2007

Visian ICL Highlights

-- Global Visian ICL sales increased by 18%

-- International ICL sales growth of 23%

-- Approval from China's SFDA to market the Toric ICL and Hyperopic ICL

-- U.S. Visian ICL sales increased nine percent year-over-year with

even stronger growth to start Q2

-- Introduced new Visian ICL Growth Program(TM)

-- Increased consumer media coverage in key markets

-- Traffic on http://www.visianinfo.com more than doubled in March and

April compared to 2007

-- Media focus on complications of the LASIK refractive surgery

IOL Highlights

-- Global cataract sales increased by 22%

-- Strategic roadmap developed to re
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SOURCE STAAR Surgical Company
Copyright©2008 PR Newswire.
All rights reserved

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Related medicine news :

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2. STAAR Surgical Plans Major Presence at ASCRS
3. STAAR Surgical Reports Fourth Quarter and Year End Results
4. STAAR Surgicals Visian ICL Procedure Performed Live on NBCs Today show
5. STAAR Surgical Announces Fourth Quarter and Full Year 2007 Earnings Release Date and Conference Call
6. STAAR Surgical to Present at the Tenth Annual Needham Growth Conference
7. STAAR Surgical Completes $5M Debt Financing for Purchase of Japanese Joint Venture
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