STAAR Surgical Co (STAAR) is a manufacturer of ophthalmic surgical products. It designs, develops and sells implantable lenses such as intraocular lenses (IOLs) and implantable collamer lenses (ICLs), EVO Visian ICL, EVO+ Visian ICL, Visian ICL, Collamer IOLs, and Preloaded IOLs. Its IOLs used for patients with cataracts, while ICLs are for myopia, astigmatism, hyperopia, and astigmatism with the expanded optic. STAAR markets ICL with CentraFLOW technology, under the brands EVO and EVO+. The company distributes ophthalmic solutions through its own sales representatives and independent distributors. It has operational and administrative facilities in the US, Japan, Germany, Singapore, Canada, Spain and Switzerland. STAAR is headquartered in Monrovia, California, the US.
Headquarters
United States of America
Address
1911 Walker Avenue, Monrovia, California, 91016
Website
www.staar.com
Telephone
1 626 3037902
No of Employees
1,115
Industry
Medical Equipment
Ticker Symbol & Exchange
STAA (NASD)
Revenue (2022)
$322.4M
13.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-46.2%
(2022 vs 2021)
Market Cap*
$2.3B
Net Profit Margin (2022)
XYZ
-52.5%
(2022 vs 2021)
* As of and is in US$
STAAR Surgical Company premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Refractive Solutions: | EVO+ |
| EVO Visian ICL | EVO |
| EVO+ Visian ICL | EVO ICL |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Corporate Changes/Expansions | In January, the company launched a 1.1-MW grid-tied microgrid on its production facility in Lake Forest, California, the US. |
| 2023 | Contracts/Agreements | In August, the company entered into a partnership with Will Levis to raise awareness of the EVO Implantable Collamer Lenses (EVO ICL). |
| 2022 | Corporate Changes/Expansions | In November, the company announced the opening of the first company-operated EVO Experience Center in the US. |
Competitor Comparison
| Key Parameters | STAAR Surgical Company | Alcon Inc | Bausch Health Companies Inc | Hoya Corp | Carl Zeiss Meditec AG |
|---|---|---|---|---|---|
| Headquarters | United States of America | Switzerland | Canada | Japan | Germany |
| City | Monrovia | Fribourg | Laval | Shinjuku-Ku | Jena |
| State/Province | California | Freiburg | Quebec | Tokyo | Thuringen |
| No. of Employees | 1,115 | 25,315 | 20,270 | 36,571 | 4,823 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Thomas G. Frinzi | Chief Executive Officer; Chairman; Director; President | Executive Board | 2023 | 68 |
| Patrick F. Williams | Chief Financial Officer; Vice President | Senior Management | 2020 | 51 |
| Warren Foust | Chief Operating Officer | Senior Management | 2023 | 48 |
| Keith Holliday | Chief Technology Officer | Senior Management | 2017 | 61 |
| Samuel J Gesten | Chief Legal Officer; Secretary | Senior Management | 2014 | 62 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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