Sight Sciences Reports Second Quarter 2025 Financial Results and Raises Full Year 2025 Revenue Guidance

Core Insights - Sight Sciences, Inc. reported second-quarter financial results for 2025, showing a revenue of $19.6 million, an 8% decrease year-over-year, and raised its revenue guidance for the full year 2025 [1][5][12] - The company emphasized strong execution and growth momentum in surgical glaucoma accounts and procedural utilization, reinforcing its market leadership in implant-free minimally invasive glaucoma surgery (MIGS) [4][21] Financial Performance - Revenue for Q2 2025 was $19.6 million, down 8% from $21.4 million in Q2 2024; Surgical Glaucoma revenue was $19.2 million, a 5% decrease, while Dry Eye revenue fell to $0.3 million from $1.1 million [5][7][30] - Gross profit for Q2 2025 was $16.6 million, with a gross margin of 85%, slightly down from 86% in the prior year [6][8] - Total operating expenses decreased by 9% to $28.3 million, with selling, general, and administrative expenses down 11% to $23.9 million [9][10] Clinical Developments - The company announced the publication of 24-month results from the SAHARA randomized controlled trial, demonstrating the effectiveness of the TearCare System for treating dry eye disease [7] - A cost-utility analysis showed that TearCare is more cost-effective than cyclosporine 0.05% for treating moderate to severe meibomian gland disease associated with dry eye disease [7] Guidance and Future Outlook - The company raised its revenue guidance for full year 2025 to a range of $72.0 million to $76.0 million, reflecting a 5% to 10% decline compared to 2024 [12] - Adjusted operating expenses guidance for 2025 remains at $101.0 million to $105.0 million, indicating a potential increase of 0% to 4% compared to 2024 [12] Market Position and Strategy - Surgical Glaucoma ordering accounts reached an all-time high of 1,174, up 4% from the previous year, indicating growing market penetration [7] - The company continues to focus on innovative technologies to enhance patient outcomes and elevate the standard of care for glaucoma and dry eye disease management [4][21]