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STAAR Surgical Reports Strong Second Quarter Financial Results
Date:7/31/2013

geons and patients to adopt a new product and procedure; patterns of Visian ICL use that have typically limited our penetration of the refractive procedure market, and a general decline in the demand for refractive surgery particularly in the U.S. and the Asia Pacific region, which STAAR believes has resulted from both concerns about the safety and effectiveness of laser procedures and current economic conditions.  The Visian Toric ICL and the Visian ICL with CentraFLOW are not yet approved for sale in the United States.

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Investors

MediaEVC Group

EVC GroupDouglas Sherk, 415-652-9100

Chris Gale, 646-201-5431Leigh Salvo, 415-568-9348 

 STAAR Surgical CompanyCondensed Consolidated Balance Sheets(in 000's)UnauditedJune 28,December 28,ASSETS20132012Current assets:Cash and cash equivalents$ 19,725$
21,675Accounts receivable trade, net10,3428,543Inventories, net11,12311,673Prepaids, deposits, and other current assets2,6242,183Total current assets43,81444,074Property, plant, and equipment, net6,1475,439Intangible assets, net1,6892,142Goodwill1,7861,786Deferred income taxes189187Other assets1,0411,131Total assets$ 54,666$
54,759LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Line of credit$   5,100$
5,850Accounts payable3,8095,129Deferred income taxes440439Obligations under capital leases 525829Other current liabilities5,5465,702Total current liabilities15,42017,949Obligations under capital leases 276488Deferred income taxes1,014885Asset retirement obligations386707Pension liability2,9092,988Total liabilities20,00523,017Stockholders' equity:Common stock366364Additional paid-in capital165,327162,251Accumulated other comprehensive income6711,580Accumulated deficit(131,703)(132,453)Total stockholders' equity34,66131,742Total liabilities and stockholders' equity$ 54,666$
54,759 

 

 STAAR Surgical CompanyCondensed Consolidated Stateme
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