Company: STAA
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024813
Chunk: 80

Company: STAAR SURGICAL CO
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 80
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 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
     
    $
    70,306

    $
    65,036

    $
    51,716

    $
    5,270

    $
    13,320

    Working capital
     
    $
    297,634

    $
    300,233

    $
    260,007

    $
    (2,599
    )
     
    $
    40,226

Cash and cash equivalents include cash and balances in deposits and money market accounts held at banks and financial institutions.  Our investment policy primary objective is capital preservation while maximizing our return on investment. Investments available for sale may include U.S. government and corporate debt securities, commercial paper, certain certificates deposit and related security types, that are rated by two nationally recognized statistical rating organizations with minimum investment grade ratings of AAA to A-/A-1+ to A-2, or the equivalent.  The maturity of individual investments may not extend 24 months from the date of purchase. There are also limits to the amount