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STAAR Surgical Reports 10% Second Quarter Revenue Growth
Date:7/31/2014

gy as procedures were flat.
  • ICL revenue in Japan declined 32% as refractive procedures in this market continued to experience strong downward pressure.
  • During the first half, APAC ICL revenue grew 9% with procedures growth at 8% and a 1% increase in average selling price.
  • North America (NA)

  • NA ICL revenue decreased 1% while units decreased 7%. Average selling price grew 6% during the quarter.
  • During the first half, NA ICL revenue declined 8% with procedures declining at 13% and a 6% increase in average selling price.
  • Quarterly Intraocular Lens (IOL) Highlights

  • Second quarter IOL sales were $6.4 million, a 10% increase from $5.9 million in the second quarter of 2013 while units increased 17%. This was driven by increased supply of the KS-IOL Preloaded Acrylic product.
  • Sales in Japan represented 46% of the Company's total IOL sales. Sales declined by 10% during the quarter. IOL unit sales decreased by 11% during the quarter.
  • IOL sales in EMEA, which represented 28% of total IOL sales, increased by 117% and 99% in units during the quarter due to the increased supply of the Preloaded Acrylic KS-IOLs.
  • IOL sales in China increased by 65% despite the fact that supply of the KS-IOL has not yet been restored. Supply to this market was suspended during the second quarter of 2013. Sales in the U.S. market declined by 11% during the quarter.
  • The Company ended the quarter with approximately $0.2 million in backorders of its preloaded acrylic for Europe, approximately one-half of the first quarter ending backorder level.
  • During the first half of 2014 global IOL sales increased 7% and units increased 17%.
  • Other Operational Highlights during the Quarter

  • The Visian ICL Preloaded System received CE Mark Approval in late June. The Preloaded ICL reduces overall procedure time, shortens the learning curve for new surgeons to perform ICL proced
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  • SOURCE STAAR Surgical Company
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