Solid First Quarter Revenue
Sight Sciences reported a total revenue of $17.5 million for the first quarter of 2025, reflecting the significance of their interventional technologies despite a dynamic MIGS market.
Stable Surgical Glaucoma Revenue
Surgical glaucoma revenue for Q1 2025 was $17.1 million, with only a slight decline in sequential ordering accounts despite Medicare coverage restrictions, indicating resilience in the market.
Next-Generation OmniEdge Launch
The company launched OmniEdge, a new addition to their MIGS platform, receiving positive early reception from surgeons for its advanced technology.
Strong Gross Margins
Gross margin for the first quarter was 86%, remaining flat compared to the same period in the prior year, indicating stable cost management.
Reduced Net Loss
Net loss for the first quarter was $14.2 million, or $0.28 per share, compared to a net loss of $16.3 million, or $0.33 per share, for the first quarter of 2024, showing improved financial management.