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RxSight, Inc. (NASDAQ: RXST) is a leading commercial-stage medical technology company focused on improving patients' vision following cataract surgery. The company is renowned for its innovative Light Adjustable Lens® (LAL®) technology, which allows ophthalmologists to customize and optimize visual acuity for patients post-surgery. This proprietary technology is comprised of the RxSight Light Adjustable Lens®, the RxSight Light Delivery Device (LDD™), and accompanying accessories, making it the first and only commercially available intraocular lens (IOL) that can be adjusted after implantation. This adjustability provides unparalleled visual outcomes tailored to each patient's needs.
Headquartered in Aliso Viejo, California, RxSight operates in a single reportable segment focusing on research and development, manufacturing, and sales of its light adjustable lenses and related equipment. The company's commitment to enhancing visual quality extends beyond its products to its educational initiatives and partnerships with leading ophthalmologists. Notably, RxSight has presented its innovations and clinical findings at significant industry events like the American Academy of Ophthalmology (AAO) Annual Meeting and the annual meeting of the American Society of Cataract and Refractive Surgery (ASCRS).
Recent achievements include the launch of the LAL+™, a new addition to the Light Adjustable Lens family with a modified aspheric anterior surface designed to extend the depth of focus. The company has also introduced a reconfigured LDD™ to address global practice space constraints, without compromising functionality and outcomes.
Financially, RxSight has shown robust growth. For instance, in the third quarter of 2023, the company reported a 76% year-over-year revenue increase, with significant contributions from both LAL and LDD sales. The company has also successfully eliminated $40 million in debt, reducing annualized interest expenses significantly. As of May 2024, RxSight continues to expand its market presence, fueled by strong revenue growth and strategic public offerings aimed at supporting its commercial and international expansion efforts.
In summary, RxSight’s unique post-operative adjustability feature sets it apart in the premium IOL market, promising high-quality, personalized vision care, and demonstrating a commitment to technological innovation and patient-centric solutions.
RxSight, Inc. (NASDAQ: RXST), a company focused on advanced ophthalmic medical devices, is set to present at the Bank of America Healthcare Conference on May 10, 2023, at 3:55 PM PT / 6:55 PM ET. The presentation will focus on their innovative RxSight® Light Adjustable Lens system, which enhances vision after cataract surgery by allowing adjustments post-operatively. This system includes the RxSight Light Adjustable Lens® and the Light Delivery Device (LDD™), marking it as the first adjustable intraocular lens technology available. Interested stakeholders can access the live and archived webcast of the presentation via the company’s investor relations website.
RxSight, Inc. (NASDAQ: RXST) announced that it will report its first quarter 2023 financial results on May 9, 2023, after market close. Management is set to discuss the results during a conference call beginning at 1:30 PM PT / 4:30 PM ET. This call aims to provide insights into the company’s financial performance and future outlook following their innovative advancements in ophthalmic medical devices, specifically their Light Adjustable Lens system designed for cataract surgery. The technology is unique as it allows for post-surgery adjustments to optimize patients' vision quality. Interested investors can register for the call and access it via a live and archived webcast.
RxSight, Inc. (NASDAQ: RXST) announced that its Light Adjustable Lens™ (LAL) system will feature in various surgeon presentations at the American Society of Cataract and Refractive Surgery (ASCRS) annual meeting in San Diego from May 5-8, 2023. Key topics include:
- Presbyopia Correction - Neda Shamie, MD on May 5.
- Small Aperture Technology Integration - Cathleen M. McCabe, MD on May 6.
- Corneal Astigmatism Outcomes - Multiple presenters on May 7.
Surgeons will also share their LAL experiences at RxSight's booth (#1911), with additional details available through their website. This technology is the only adjustable intraocular lens system, enhancing post-cataract surgery vision.
On April 5, 2023, RxSight, operating under the stock symbol RXST, announced its participation in the Needham Healthcare Conference. The management team will engage in a fireside chat on April 19, 2023, at 11:15 a.m. PT, accessible via a live and archived webcast on their investor relations website.
RxSight is an ophthalmic medical device company focused on enhancing vision after cataract surgery with its innovative RxSight Light Adjustable Lens system. This technology allows for custom adjustments post-surgery, providing patients with optimized visual outcomes. For more details, visit www.rxsight.com.
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