STAAR Surgical was founded in 1982 and is headquartered in Monrovia, US

STAAR Surgical has offices in Monrovia, Nidau and Tustin

Monrovia, US (HQ)

1911 Walker Ave

Nidau, CH

104 Hauptstrasse

STAAR Surgical's revenue was reported to be $20.4 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 20.4 m |

## Gross profit (Q1, 2017) | 14.6 m |

## Gross profit margin (Q1, 2017), % | 72% |

## Net income (Q1, 2017) | (2.2 m) |

## EBIT (Q1, 2017) | (2.1 m) |

## Market capitalization (17-Aug-2017) | 474.8 m |

## Cash (31-Mar-2017) | 13.5 m |

STAAR Surgical's current market capitalization is $474.8 m.

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 72.2 m | 75 m | 77.1 m | 82.4 m |

## Revenue growth, % | 4% | 3% | 7% | |

## Cost of goods sold | 21.9 m | 26.2 m | 24.4 m | 24.1 m |

## Gross profit | 50.3 m | 48.8 m | 52.7 m | 58.4 m |

## Gross profit Margin, % | 70% | 65% | 68% | 71% |

## R&D expense | 20.3 m | |||

## General and administrative expense | 22.3 m | |||

## Operating expense total | 42.5 m | |||

## EBIT | 700 k | (8 m) | (5.3 m) | (12.7 m) |

## EBIT margin, % | 1% | (11%) | (7%) | (15%) |

## Interest expense | 170 k | 154 k | 128 k | 115 k |

## Interest income | 59 k | 51 k | 50 k | 3 k |

## Income tax expense | 716 k | (253 k) | 928 k | (315 k) |

## Net Income | 398 k | (8.4 m) | (6.5 m) | (12.1 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 20 m | 18.2 m | 18.9 m | 18.7 m | 18.8 m | 19.3 m | 21 m | 20.1 m | 20.4 m |

## Cost of goods sold | 6.4 m | 6.3 m | 6 m | 6.3 m | 6 m | 6.3 m | 6.3 m | 5.2 m | 5.8 m |

## Gross profit | 13.7 m | 11.9 m | 12.9 m | 12.4 m | 12.8 m | 13 m | 14.6 m | 14.9 m | 14.6 m |

## Gross profit Margin, % | 68% | 65% | 68% | 66% | 68% | 67% | 70% | 74% | 72% |

## R&D expense | 2.5 m | 3.1 m | 3.6 m | 3.5 m | 3.7 m | 6.9 m | 4.7 m | 4.5 m | 4.8 m |

## General and administrative expense | 5.3 m | 3.3 m | 5.1 m | 4.7 m | 4.9 m | 8.5 m | 4.9 m | 5 m | 5.4 m |

## Operating expense total | 7.8 m | 6.4 m | 8.7 m | 8.3 m | 8.5 m | 15.4 m | 9.6 m | 9.4 m | 10.1 m |

## EBIT | (1.4 m) | (1.6 m) | (1.5 m) | (1.7 m) | (2 m) | (10.1 m) | (2.1 m) | (1.7 m) | (2.1 m) |

## EBIT margin, % | (7%) | (9%) | (8%) | (9%) | (11%) | (52%) | (10%) | (9%) | (10%) |

## Interest expense | (34 k) | (35 k) | (36 k) | (33 k) | (29 k) | (28 k) | (29 k) | (29 k) | (28 k) |

## Interest income | 10 k | 7 k | 49 k | 1 k | |||||

## Pre tax profit | (1.4 m) | (1.8 m) | (2.3 m) | (1.7 m) | |||||

## Income tax expense | 367 k | 548 k | (28 k) | 153 k | (11 k) | (1.6 m) | (131 k) | 71 k | 141 k |

## Net Income | (1.8 m) | (2.7 m) | (2.3 m) | (1.6 m) | (1.8 m) | (8 m) | (2.1 m) | (1.8 m) | (2.2 m) |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 23 m | 13 m | 13.4 m | 14 m |

## Accounts Receivable | 10.7 k | 11.1 k | 15.7 k | 16.3 k |

## Inventories | 12.5 k | 15.7 k | 15.9 k | 14.8 m |

## Current Assets | 50.1 m | 44.9 m | 49.1 m | 49.9 m |

## PP&E | 7.4 m | 10.1 m | 10.1 m | 11.8 m |

## Goodwill | 1.8 m | 1.8 m | 1.8 m | 1.8 m |

## Total Assets | 61.9 m | 58.9 m | 63 m | 65.4 m |

## Accounts Payable | 6.3 m | 6.6 m | 6.7 m | 8.3 m |

## Total Debt | 4.3 m | |||

## Current Liabilities | 18.4 m | 16.4 m | 17.9 m | 21.1 m |

## Total Liabilities | 27.5 m | |||

## Additional Paid-in Capital | 170.2 m | 178.2 m | 187 m | 197.7 m |

## Retained Earnings | (132.1 m) | (140.4 m) | (147 m) | (159.1 m) |

## Total Equity | 38.9 m | 37.1 m | 38.8 m | 37.9 m |

## Debt to Equity Ratio | 0.1 x | |||

## Debt to Assets Ratio | 0.1 x | |||

## Financial Leverage | 1.6 x | 1.6 x | 1.6 x | 1.7 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 19.2 m | 18.4 m | 10.8 m | 15.3 m | 16.1 m | 9 m | 12.7 m | 14.3 m | 13.5 m |

## Inventories | 14.9 m | 15.7 m | 15.3 m | 14.2 m | 14.6 m | 16 m | 15.7 m | 15.9 m | 14.6 m |

## Current Assets | 50.7 m | 49.4 m | 43 m | 46.6 m | 48.1 m | 46.2 m | 48.9 m | 49.7 m | 49 m |

## PP&E | 9.3 m | 9.3 m | 9.9 m | 9.9 m | 9.9 m | 11 m | 11.4 m | 11.7 m | 12.1 m |

## Goodwill | 1.8 m | 1.8 m | 1.8 m | 1.8 m | 1.8 m | 1.8 m | 1.8 m | 1.8 m | 1.8 m |

## Total Assets | 64.4 m | 62.8 m | 56.8 m | 60.3 m | 61.9 m | 61.9 m | 65.3 m | 66.3 m | 65.4 m |

## Accounts Payable | 5.3 m | 6.3 m | 4.9 m | 4.8 m | 5.8 m | 6.9 m | 8.7 m | 8 m | 7.6 m |

## Current Liabilities | 17.2 m | 17 m | 15 m | 15 m | 16.9 m | 18 m | 20.4 m | 21.3 m | 21.8 m |

## Additional Paid-in Capital | 176.2 m | 178 m | 179.8 m | 185 m | 186.3 m | 194 m | 195.1 m | 196.4 m | 198.6 m |

## Retained Earnings | (135.2 m) | (137.9 m) | (142.8 m) | (144.4 m) | (146.1 m) | (155 m) | (157.2 m) | (158.9 m) | (161.3 m) |

## Total Equity | 39.8 m | 39.5 m | 38.3 m | 38 m | 37.7 m | 37 m | |||

## Financial Leverage | 1.5 x | 1.6 x | 1.6 x | 1.7 x | 1.8 x | 1.8 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 398 k | (8.4 m) | (6.5 m) | (12.1 m) |

## Depreciation and Amortization | 1.7 m | 2.1 m | 2.2 m | 2.7 m |

## Accounts Receivable | (2.9 m) | (934 k) | (5 m) | (771 k) |

## Inventories | (1.6 m) | (3.9 m) | 327 k | 1.8 m |

## Accounts Payable | 367 k | 972 k | 14 k | 1 m |

## Cash From Operating Activities | 3.4 m | (9.9 m) | 389 k | 1 m |

## Purchases of PP&E | (3.4 m) | (4.1 m) | (2 m) | (3.2 m) |

## Cash From Investing Activities | (3.4 m) | (4.1 m) | (2 m) | (3.2 m) |

## Cash From Financing Activities | 2.4 m | 2.5 m | 4.6 m | 3 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (1.8 m) | (2.7 m) | (2.3 m) | (1.6 m) | (1.8 m) | (8 m) | (2.1 m) | (1.8 m) | (2.2 m) |

## Accounts Payable | 5.3 m | 6.3 m | 4.9 m | 4.8 m | 5.8 m | 6.9 m | 8.7 m | 8 m | 7.6 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 60.6 k |

## Financial Leverage | 1.8 x |