Quarterly Revenue Growth
Total net sales of $57.8 million in Q4 FY2025 versus $49.0 million a year ago, an increase of ~17.96% year-over-year, driven largely by China recovery and stronger Americas performance.
Strong China Recovery (Quarter)
China net sales of $17.5 million in Q4 versus $7.8 million a year ago, a ~124% year-over-year increase, reflecting in-market demand recovery despite channel inventory dynamics.
Profitability and Adjusted EBITDA Improvement
Adjusted EBITDA improved materially to a loss of $0.2 million in Q4 from a loss of $20.8 million in the year-ago quarter, driven by higher gross profit and lower operating expenses (ex-merger/restructuring). Management is targeting full-year profitability in FY2026.
Gross Margin Expansion
Gross profit margin increased to 75.7% of net sales in Q4 versus 64.7% in the prior-year quarter, an improvement of ~11.0 percentage points, aided by timing of cost recognition, cost reductions and Swiss manufacturing ramp.
Operating Expense Discipline
Excluding merger and restructuring costs, Q4 operating expenses were $54.7 million, an 8.2% reduction versus prior-year quarter. The company reduced its annualized adjusted operating expense run rate and beat its second-half $225 million run-rate target.
Strong Balance Sheet
Cash, cash equivalents and marketable securities of approximately $187.5 million at quarter end; STAAR has no debt and maintained cash levels despite restructuring and merger-related expenses.
Manufacturing and Supply-Chain Improvements
Accelerated Swiss manufacturing (commercial production in Nidau) to mitigate U.S.-China tariff exposure and scale supply for EVO+ in China; Swiss production expected to provide flexibility, resilience and future margin benefits.
Product and Commercial Momentum
Launched EVO+ in China (first new lens there in more than a decade); expanding Lioli injector availability to EMEA; advancing Stella sizing/ordering platform and finalizing Oracle ERP deployment to drive commercial readiness and efficiency.
Regional Commercial Strength — Americas & U.S.
Americas region up 18% in Q4; management highlighted continued U.S. momentum with double-digit growth in 2025 and expanded U.S. EVO indication (ages 21–60) increasing addressable candidates by roughly 8 million.