STAAR Surgical Company (STAA) Financial Statements (2024 and earlier)

Company Profile

Business Address 1911 WALKER AVE
MONROVIA, CA 91016
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3851 - Ophthalmic Goods (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q1
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments192,007203,847211,639211,333202,490193,067
Cash and cash equivalents94,69589,96886,480129,242202,490193,067
Short-term investments97,312113,879125,15982,091  
Receivables98,32268,17165,11356,98465,01949,422
Inventory, net of allowances, customer advances and progress billings25,48227,80824,16119,93018,08918,450
Inventory25,48227,80824,16119,93018,08918,450
Prepaid expense4,9685,2453,9863,7164,3974,999
Other current assets6685368114243811,691
Other undisclosed current assets6,5567,2646,0134,5236,0806,273
Total current assets:328,003312,871311,723296,910296,456273,902
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization257303342380420461
Operating lease, right-of-use asset31,53031,18230,27029,50330,36331,030
Property, plant and equipment55,92453,45350,92148,04842,81339,645
Long-term investments and receivables17,52513,44513,90213,360  
Long-term investments17,52513,44513,90213,360  
Intangible assets, net (including goodwill)1,7861,9511,9591,9571,9701,989
Goodwill1,7861,7861,7861,7861,7861,786
Intangible assets, net (excluding goodwill)  165173171184203
Deferred income tax assets4,6724,7444,8243,7103,2173,333
Other noncurrent assets954956957808786817
Total noncurrent assets:112,648106,034103,17597,76679,56977,275
TOTAL ASSETS:440,651418,905414,898394,676376,025351,177
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,4419,10211,5767,56712,71613,421
Accounts payable11,4419,10211,5767,56712,71613,421
Debt162171169167166151
Other liabilities31,92528,94930,74129,07224,37419,436
Other undisclosed current liabilities10,6668,8419,2308,5149,2588,174
Total current liabilities:54,19447,06351,71645,32046,51441,182
Noncurrent Liabilities
Long-term debt and lease obligation12516721026,28427,17528,100
Finance lease, liability125167210252295338
Liabilities, other than long-term debt32,63532,75130,7802,9403,0295,578
Asset retirement obligations101218220158169186
Deferred income tax liabilities1,2951,3691,4891,5541,037811
Liability, pension and other postretirement and postemployment benefits3,0503,1341,9351,2281,8234,581
Operating lease, liability28,18928,03027,13626,03226,88027,762
Total noncurrent liabilities:32,76032,91830,99029,22430,20433,678
Total liabilities:86,95479,98182,70674,54476,71874,860
Equity
Equity, attributable to parent353,697338,924332,192320,132299,307276,317
Common stock485483482482480478
Additional paid in capital419,594409,303404,189398,448387,328378,690
Accumulated other comprehensive income (loss)(2,521)(937)156(310)249(1,063)
Accumulated deficit(63,861)(69,925)(72,635)(78,488)(88,750)(101,788)
Total equity:353,697338,924332,192320,132299,307276,317
TOTAL LIABILITIES AND EQUITY:440,651418,905414,898394,676376,025351,177

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q1
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues92,30673,52864,04476,04681,10163,200
Cost of revenue
(Cost of Goods and Services Sold)
(21,580)(15,966)(14,259)(15,584)(17,229)(13,936)
Gross profit:70,72657,56249,78560,46263,87249,264
Operating expenses(62,129)(54,762)(48,821)(46,757)(46,852)(37,151)
Operating income:8,5972,80096413,70517,02012,113
Nonoperating income (expense)(105)1,9195,015(1,128)(1,551)(586)
Investment income, nonoperating  27777177273
Gain (loss), foreign currency transaction, before tax(1,890)343,197(2,129)(1,860)(915)
Other nonoperating income106327278962
Interest and debt expense(3)(4)(4)(5)(5)(3)
Income from continuing operations before equity method investments, income taxes:8,4894,7155,97512,57215,46411,524
Other undisclosed income from continuing operations before income taxes344553
Income from continuing operations before income taxes:8,4924,7195,97912,57715,46911,527
Income tax expense(2,428)(2,009)(126)(2,315)(2,431)(1,925)
Income from continuing operations:6,0642,7105,85310,26213,0389,602
Income before gain (loss) on sale of properties:10,26213,0389,602
Net income available to common stockholders, diluted:6,0642,7105,85310,26213,0389,602

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q1
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:6,0642,7105,85310,26213,0389,602
Other comprehensive income (loss)(1,584)(1,093)466(559)1,3122,985
Comprehensive income, net of tax, attributable to parent:4,4801,6176,3199,70314,35012,587

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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