Staar Surgical (STAA) FY2013 results: revenue $72 million, up 13.2% on the year
Staar Surgical Co. (STAA) reported revenue of $72 million for fiscal 2013, the year ended 3 January 2014, up 13.2% on the year before. Net income was $398,000, and diluted earnings per share $0.01. The figures are the company's own, from the 10-K it filed with the SEC on 12 March 2014.
Revenue
$72 million
+13.2% on the year
FY2009FY2013
Operating margin
1.0%
-1.9% a year earlier
FY2009FY2013
Net income
$398,000
FY2009FY2013
Diluted EPS
$0.01
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
72.2
63.8
62.8
+13.2%
Cost of revenue
21.9
19.5
20.4
+12.4%
Gross profit
50.3
44.3
42.4
+13.6%
Gross margin
69.7%
69.4%
67.5%
Research and development
6.7
6.4
5.9
+4.1%
Operating income
0.7
-1.2
2.8
Operating margin
1.0%
-1.9%
4.4%
Interest expense
0.2
0.3
0.5
-41.6%
Pre-tax income
1.1
-0.5
2.7
Income tax
0.7
1.2
1.4
-42.4%
Effective tax rate
64.3%
n/a
50.1%
Net income
0.4
-1.8
1.3
Net margin
0.6%
-2.8%
2.1%
Diluted EPS
$0.01
-$0.05
$0.04
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
3.4
3.2
5.3
+4.3%
Capital expenditure
3.4
2.3
1.0
+51.8%
Free cash flow
-0.1
0.9
4.4
Free cash flow margin
-0.1%
1.5%
7.0%
Cash from investing
n/a
-2.1
-0.9
Cash from financing
n/a
4.3
2.8
Depreciation and amortisation
2.2
2.0
2.3
+9.7%
Share-based compensation
4.5
3.2
1.9
+39.9%
Diluted shares, weighted
39m
36m
37m
+6.5%
Shares outstanding at period end
38m
36m
36m
+4.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
38.9
31.7
29.5
+22.4%
Debt
4.8
5.8
2.6
-18.8%
Other liabilities
18.3
17.2
17.0
+6.8%
Total liabilities and equity
61.9
54.8
49.0
+13.1%
Fixed assets
7.4
5.4
4.2
+36.1%
Goodwill
1.8
1.8
1.8
0.0%
Intangible assets
1.4
2.1
3.0
-35.6%
Cash and equivalents
23.0
21.7
16.6
+5.9%
Receivables
10.7
8.5
9.1
+25.6%
Inventory
12.5
11.7
10.9
+7.2%
Other assets
5.2
3.5
3.4
+47.4%
Total assets
61.9
54.8
49.0
+13.1%
10-K for the year ended 3 January 2014, filed 12 March 2014: the filing.