Company: STAA
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024813
Chunk: 151

Company: STAAR SURGICAL CO
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 151
---
 2024, we recognized $1.5 million of unrecognized benefits, including interest, related to uncertain tax positions taken by us. There were no unrecognized benefits related to uncertain tax positions taken by us in 2023 or 2022.

Liquidity and Capital Resources  

Our principal sources of liquidity are cash, cash equivalents, investments available for sale and cash flow from operating activities. We believe these sources of liquidity will be sufficient to meet our anticipated cash needs, including working capital needs, capital expenditures and contractual obligations for at least 12 months from the issuance date of the financial statements included in this Annual Report. We expect that cash flow from operating activities may fluctuate in future periods as a result of a number of factors, including fluctuations in our operating results, working capital needs, capital expenditures, and capital deployment decisions. In addition, future capital requirements will depend on many factors including our growth rate in net sales, the timing and extent of spending to support our growth strategy, the expansion of selling and marketing activities, the timing of introductions of new products, as well as global macroeconomic factors. If our anticipated future cash flow from operating activities is insufficient to satisfy our future capital requirements in the long-term, we may need to seek additional capital.

Our financial condition at December 27, 2024, December 29, 2023 and December 30, 2022 included the following (in thousands):

    2024

    2023

    2022

    2024 vs. 2023

    2023 vs. 2022

    Cash and cash equivalents
     
    $
    144,159

    $
    183,038

    $
    86,480

    $
    (38,879
    )
     
    $
    96,558

    Investments available for sale

    86,335

    49,391

    139,061

    36,944

    (89,670
    )

    Total
     
    $
    230,494

    $
    232,429

    $
    225,541

    $
    (1,935
    )
     
    $
    6,888

    Current assets
     
    $
    367,940

    $
    365,269

    $
    311,723

    $
    2,671

    $
    53,546

    Current liabilities