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STAAR Surgical Reports Strong First Quarter 2013 Financial Results
Date:5/1/2013

ipeline in place for new products throughout this year and well into 2014.  In addition, we have made investments to drive future top line and bottom line growth with our spending to add new sales and marketing positions and our resource dedication to the manufacturing consolidation project.  By maintaining our strong balance sheet, continuing to invest in focused research & development initiatives, and keeping a close eye on operational efficiencies, I believe we can achieve our growth plans for 2013 and beyond," concluded Mr. Caldwell.

Recent Visian Implantable Collamer® Lens (ICL) Highlights

  • ICL sales represented 59.0% of total sales, compared to 55.5% of sales in Q1 2012.
  • ICL sales increased 24% to $10.6 million from $8.6 million in Q1 2012 reflecting an 18% increase in unit sales and a 5% increase in price.
  • Mix between ICL and TICL (Toric ICL) remains approximately 35% of units and 41% of dollars are TICLs.
  • Overall sales in the Company's 11 key markets reflected a 25% increase in revenues.
  • During the recent ASCRS meeting the Company celebrated the following successful ICL implant surgeries:
  • Over 350,000 Visian ICL implants.
  • Nearly 100,000 of the above were the Visian TICL.
  • Over 16,000 of the above were Visian CentraFLOW ICL implants.
  • Also during the ASCRS meeting, over 50 ophthalmic surgeons evaluated and provided feedback to the Company on the new ICL V5 preloaded design.  This product is expected to gain CE Mark approval during the third quarter.
  • Regional ICL UpdatesEurope, Middle East, Africa

  • Europe increased 57% in revenue due to gains from the CentraFLOW technology, and new sales personnel hired in 2012.
  • Spain grew 156% driven by the conversion from a distributor sales model to a direct model.  This provided end customer pricing for the market.  Visian ICL unit growth was 37% for the q
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  • SOURCE STAAR Surgical Company
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