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

quarter. The V6a ICL is designed to add a near-vision enhancement capability which would further differentiate the ICL from LASIK for myopic patients nearing the age of 40. The goal of the V6a ICL would be to delay the need for reading glasses in that population. This technology would combine the proven ICL platform with known optic designs and new intellectual property developed by the Company.

2014 Annual ObjectivesThe Company's annual 2014 annual objectives were established at beginning of the year and the Company will continue to report progress each quarter on those objectives.  Those annual objectives are:

  • Revenue growth of 8% to 10%.
  • ICL revenue growth of 20%.
  • Gross Margin expansion of 300 bps, 72.7%.
  • Profitable on a GAAP basis.
  • Successfully complete manufacturing consolidation project by mid-year.
  • Conference CallThe Company will host a conference call and webcast today 5:00 p.m. Eastern / 2:00 p.m. Pacific to discuss these results and recent corporate developments. The dial-in number for the conference call is 866-515-2907 for domestic participants and 617-399-5121 for international participants, both using the passcode 24164533.  The Company will also be using slides to illustrate its second quarter results and operational progress.  The webcast with accompanying slides can be accessed from the investor relations section of the STAAR website at www.staar.com.

    A taped replay of the conference call will also be available beginning approximately one hour after the call's conclusion and will be available for seven days.  This replay can be accessed by dialing 888-286-8010 for domestic callers and 617-801-6888 for international callers, both using passcode 54025734.  An archived audio webcast will also be available at www.staar.com.

    Use of Non-GAAP Financial Measures'/>"/>

    SOURCE STAAR Surgical Company
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