Company: STAA
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024813
Chunk: 145

Company: STAAR SURGICAL CO
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 145
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. Across our markets, we 

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recognize the need to further educate and train ophthalmic surgeons about our ICLs and our ICL procedure. In 2025, we intend to increase the number of strategic collaborations with leading refractive surgeons and practices in the U.S. to collaborate on marketing, training and education activities. We also plan to leverage our new EVO Experience Center at our headquarters in Lake Forest, CA, to conduct additional hands-on training and education in lens-based vision correction. In addition, we are continuing to invest in enhanced systems and tools to make ordering and fulfillment faster and easier. In 2025, we will also continue to drive awareness of the ICL procedure to reach even more potential patients and effectively communicate the clinical benefits of our ICLs. While we work to launch our existing product portfolio in attractive global markets, we also intend to continue to invest in product innovation in 2025.

Results of Operations

The following table sets forth the percentage of total sales represented by certain items reflected in the Company’s Consolidated Statement of Operations for the period indicated.  

    Percentage of Net Sales

    2024

    2023

    2022

    Net sales

    100.0
    %

    100.0
    %

    100.0
    %

    Cost of sales

    23.7
    %

    21.6
    %

    21.5
    %

    Gross profit

    76.3
    %

    78.4
    %

    78.5
    %

    General and administrative

    28.6
    %

    22.4
    %

    19.2
    %

    Selling and marketing

    34.5
    %

    33.4
    %

    31.2
    %

    Research and development

    17.2
    %

    13.8
    %

    12.7
    %

    Total selling, general and administrative

    80.3
    %

    69.6
    %

    63.1
    %

    Operating income (loss)

    (4.0
    )%

    8.8
    %

    15.4
    %

    Total other income, net

    1.0
    %

    1.7
    %

    0.6
    %

    Income