Printer Friendly

STAAR SURGICAL ANNOUNCES THIRD QUARTER RESULTS

 STAAR SURGICAL ANNOUNCES THIRD QUARTER RESULTS
 MONROVIA, Calif., Nov. 15 /PRNewswire/ -- STAAR Surgical


Company (NASDAQ: STAA) announced an expected loss of $1.6 million or ($.11) per share on reduced sales of $809,000 for the third quarter ended Sept. 30, 1991.
 These anticipated results, compared to the previous year's same period results of $1.3 million in sales, and a loss of $366,000, or ($.04) per share.
 For the nine months ended Sept. 30, 1991, sales and net earnings (losses) were $2.5 million and ($4.5 million) or ($.32) per share, respectively, vs. $3.9 million in sales, and earnings of $7.7 million or $.77 per share for the same period ended Sept. 30, 1990.
 "Our operating results were about what we anticipated, given the lack of FDA approval through most of the third quarter of this year", stated LaMar F. Laster, chairman and chief operating officer.
 Following approval of both our premier lenses on Sept. 16 and 17, respectively, our order rates have expanded to the point of requiring the hiring of additional personnel for a second manufacturing shift.
 Though 1991 will be a loss even with a good fourth quarter, we anticipate that STAAR and its licensees will experience expansive top line sales growth and in STAAR's case a respectable profit at year end 1992", he concluded.
 STAAR Surgical, a publicly traded company founded in 1982, develops, manufacturers and markets products for small incision surgery, primarily for use in cataract procedures.
 -0- 11/15/91
 /CONTACT: John Wolf or LaMar Laster of STAAR Surgical Company, 818-303-7902/
 (STAA) CO: STAAR Surgical Co. ST: California IN: MTC SU: ERN SE -- LA013 -- 1666 11/15/91 15:32 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 15, 1991
Words:282
Previous Article:PROCTER & GAMBLE ISSUES STATEMENT
Next Article:CREDIT CARD CAP PROPOSAL PRESENTS RAW DEAL FOR CONSUMERS
Topics:


Related Articles
STAAR REPORTS FIRST OPERATING PROFIT IN ITS HISTORY; PROJECTS PROFITABLE FIRST QUARTER AND YEAR
STAAR SURGICAL POSTS PROFITABLE FIRST QUARTER
STAAR REPORTS SECOND QUARTER SALES INCREASED 119 PERCENT; THIRD CONSECUTIVE QUARTER RECORD SALES AND PROFITS
STAAR SURGICAL POSTS CONTINUED PROFITS IN THIRD QUARTER; SALES INCREASED 96 PERCENT
STAAR SURGICAL ANNOUNCES 1993 FOURTH QUARTER SALES; CHAIRMAN, COO RESIGNS
STAAR'S FIRST QUARTER EARNINGS UP 200% -- 9 CENTS VS. 3 CENTS PER SHARE
STAAR REPORTS THIRD QUARTER NET INCOME INCREASED 178 PERCENT; STRONG SALES WORLDWIDE EXPECTED TO CONTINUE
STAAR SURGICAL FIRST QUARTER NET INCOME UP 45 PERCENT; REVENUES UP 26 PERCENT
STAAR SURGICAL REPORTS RECORD REVENUE AND INCOME FOR THE SECOND QUARTER
STAAR SURGICAL REPORTS 10TH CONSECUTIVE QUARTER OF DOUBLE DIGIT YEAR-OVER-YEAR SALES/EARNINGS INCREASES

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters