Sight Sciences, Inc. - SGHT STOCK NEWS

Sight Sciences (Nasdaq: SGHT), an eyecare technology company, has announced its participation in Citi's 2025 Unplugged MedTech and Life Sciences Access Day in New York. The company, which specializes in developing innovative interventional technologies for eye care, will deliver a presentation on Thursday, February 27, 2025, at 7:15 am PT / 10:15 am ET.

Investors and interested parties can access both the live presentation and archived webcast through the company's investor relations website at investors.sightsciences.com. This presentation represents an opportunity for stakeholders to gain insights into the company's developments and strategies in transformative eye care solutions.

Sight Sciences (SGHT) has released preliminary Q4 and FY2024 financial highlights. Q4 2024 total revenue is expected between $18.9-19.1M, up 1% year-over-year, with Surgical Glaucoma revenue increasing 9% to $18.7-18.8M, while Dry Eye revenue declined to $0.2-0.3M from $1.6M.

Full year 2024 revenue is projected at $79.7-79.9M, down 2% from 2023. The company ended 2024 with approximately $120M in cash, generating $1.4M in Q4 (including a $5M term loan drawdown) compared to using $6.4M in Q4 2023. Annual cash usage decreased to $18.1M from $46.9M in 2023.

Performance was impacted by new Medicare LCD restrictions on multiple MIGS procedures during cataract surgery. The company aims to achieve cash flow breakeven without additional equity capital.

Sight Sciences (NASDAQ: SGHT) has published a landmark 36-month study demonstrating the long-term effectiveness of its OMNI® Surgical System in managing primary open-angle glaucoma (POAG). The study, published in the American Journal of Ophthalmology, analyzed real-world data from 230 eyes of 196 patients through the American Academy of Ophthalmology IRIS® Registry.

Key findings show significant and sustained reductions in intraocular pressure (IOP) over 36 months, with mean reductions ranging from 5.6 to 7.1 mmHg. Patients with baseline IOP greater than 18 mmHg showed even greater reductions of up to 8.9 mmHg. The study also reported decreased medication dependence, with mean medication use dropping from 2.1 at baseline to 1.1-1.6 between months 6 and 36.

This represents the largest study to date evaluating clinical outcomes of standalone canaloplasty and trabeculotomy, supporting OMNI's effectiveness as a minimally invasive glaucoma surgery (MIGS) option.

Sight Sciences (SGHT) announced results of a Budget Impact Analysis (BIA) for its TearCare® System in treating Meibomian Gland Disease (MGD)-associated dry eye disease. The study, published in Expert Review of Ophthalmology, compared TearCare to prescription medications like Restasis and Xiidra over a two-year period.

The analysis revealed that a 20% increase in TearCare's market share versus prescription medications would generate estimated savings of $36.87 per member per year in a health plan covering one million lives. The study demonstrated that higher TearCare utilization correlates with increased cost savings from a US payer perspective.

Sight Sciences (Nasdaq: SGHT), an eyecare technology company, has announced its participation in the Piper Sandler 36th Annual Healthcare Conference in New York. The company's management will deliver a presentation on Tuesday, December 3, 2024, at 12:30 pm PT / 3:30 pm ET. A live webcast and recording of the fireside chat will be available to interested parties through the 'Investors' section of Sight Sciences' website at investors.sightsciences.com.

Sight Sciences reported its Q3 2024 financial results and updated its full-year 2024 adjusted operating expense guidance. The company generated total revenue of $20.2 million, a 1% increase year-over-year, and achieved a positive cash flow of $0.4 million compared to a $10.0 million cash usage in Q3 2023. Gross profit was $16.9 million with a gross margin of 84%. The net loss was reduced to $11.1 million ($0.22 per share) from $13.0 million ($0.27 per share) in Q3 2023. Operating expenses decreased by 8% to $28.1 million. The company also announced the Final LCDs that confirm Medicare coverage for certain glaucoma procedures, effective November 17, 2024. Sight Sciences maintains its revenue guidance of $81.0-$83.0 million for 2024 but revises its adjusted operating expenses guidance to $104.0-$106.0 million.

Sight Sciences (SGHT) announced two key executive appointments effective November 4, 2024: MK Raheja, Ph.D. as Executive Vice President of Research and Development, and Brenton Taylor as Executive Vice President of Operations. These appointments coincide with the retirement of COO Sam Park, effective November 15, 2024. Dr. Raheja brings over 35 years of ophthalmic innovation experience, having overseen the development of 70+ ophthalmic innovations. Taylor contributes nearly 25 years of medical technology experience, notably co-founding Inogen and scaling its respiratory products to $350 million in annual sales.

Sight Sciences (Nasdaq: SGHT), an eyecare technology company, has announced it will report its third quarter financial results for the period ended September 30, 2024, after the market close on Thursday, November 7, 2024. The company will host a conference call at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time on the same day to discuss the results.

Investors can access a live and archived webcast of the event on the company's website at www.sightsciences.com, in the News & Events section of the Investors page. The webcast will be available for replay for at least 90 days after the event.

Sight Sciences (Nasdaq: SGHT) announced the publication of a new study in Clinical Ophthalmology, demonstrating the efficacy of TearCare treatment for dry eye disease (DED). The study, titled 'Impact of TearCare on Reading Speed in Patients with Dry Eye Disease,' revealed significant improvements in various metrics:

- 52% of participants showed clinically significant improvement in reading speed
- Statistically significant improvements in IReST and MNREAD scores
- Significant enhancements in OSDI and NEI-VFQ-25 scores, measuring symptoms and vision-related quality of life
- Significant improvements in all DED sign metrics

The prospective single-center study suggests that a single TearCare treatment can improve vision-related quality of life and reading speeds in patients with meibomian gland disease associated DED. The findings indicate that this interventional approach should be considered to reduce the disease burden of MGD associated DED.