Workflow
RxSight Light Adjustable Lens system
icon
Search documents
RxSight, Inc. Announces Preliminary Q4 and 2025 Financial Results; New Chief Financial Officer
Globenewswire· 2026-01-11 14:30
Core Viewpoint - RxSight, Inc. has announced preliminary unaudited financial and operational results for Q4 and full-year 2025, indicating a positive trajectory in patient treatment and market share despite challenges faced during the year [1][3][8]. Financial Results - Preliminary unaudited revenue for Q4 2025 is expected to be approximately $32.6 million, driven by the sale of 28,611 Light Adjustable Lenses (LAL™/LAL+®), representing a 10% increase in procedure volume compared to Q3 2025 [8]. - Preliminary unaudited revenue for the full year 2025 is expected to be approximately $134.5 million, exceeding previous guidance of $125 to $130 million, with a 12% increase in procedure volume compared to 2024 [8]. - The company installed 1,134 Light Delivery Devices (LDDs) by the end of 2025, with a total of 163 LDDs sold during the year [8]. Market Position and Growth - RxSight holds approximately 10% market share in the premium intraocular lens (IOL) market, with adoption by over 25% of U.S. cataract surgeons [3]. - The company has made significant progress in treating more patients than ever before, positioning itself for sustained long-term growth [3]. Leadership Transition - Mark Wilterding has been appointed as the new Chief Financial Officer, effective January 11, 2026, bringing over 25 years of financial leadership experience [4][5]. - Wilterding's previous role was Senior Vice President of Global Finance for Edwards Lifesciences, where he oversaw various financial operations [5]. Future Outlook - The company is set to announce audited full-year 2025 financial results and guidance for 2026 in February 2026 [7][8].
RxSight, Inc. Announces Chief Financial Officer Transition
Globenewswire· 2025-12-22 22:15
Core Insights - RxSight, Inc. announced the transition of Shelley Thunen from her role as Chief Financial Officer, effective until the appointment of her successor or January 31, 2026 [1] - Thunen will continue to support the company as a consultant after her transition [1] Group 1: Company Overview - RxSight, Inc. is focused on providing high-quality customized vision to patients following cataract surgery [3] - The company’s flagship product, the RxSight Light Adjustable Lens system, is the first and only commercially available intraocular lens technology that can be adjusted post-surgery [3] Group 2: Leadership Impact - Thunen has played a crucial role in RxSight's development, helping the company grow from a pre-commercial stage to having over 1,100 Light Delivery Devices (LDDs) in the field and performing over a quarter million procedures [2] - Her leadership was instrumental during significant milestones, including the company's initial public offering in 2021 [2]
RxSight, Inc. to Present at the Piper Sandler Healthcare Conference
Globenewswire· 2025-11-20 21:05
Core Insights - RxSight, Inc. is an ophthalmic medical device company focused on providing customized vision solutions for patients post-cataract surgery [3] - The company will participate in the Piper Sandler 37th Annual Healthcare Conference in New York City on December 3, 2025 [1][2] Company Overview - RxSight offers the RxSight Light Adjustable Lens system, which includes the Light Adjustable Lens (LAL/LAL+), Light Delivery Device (LDD™), and accessories, representing the first adjustable intraocular lens technology available commercially [3] - This technology allows for post-surgery adjustments, enabling healthcare providers to tailor vision outcomes for patients [3] Event Participation - Management is scheduled to present at the conference on December 3, 2025, at 12:00 p.m. Eastern Time, with a live and archived webcast available for investors [2]
EXTENDED CLASS PERIOD: Investor Files Class Action Lawsuit Against RxSight, Inc. and Attorneys Announce Opportunity for Investors with Substantial Losses to Lead Class Action Lawsuit
Prnewswire· 2025-09-18 11:20
Core Viewpoint - A class action lawsuit has been filed against RxSight, Inc. for alleged violations of the Securities Exchange Act of 1934, focusing on misleading statements regarding the company's growth and performance during the specified Class Period [1][4]. Company Overview - RxSight, Inc. is a commercial-stage medical technology company specializing in cataract treatment, with its main product being the RxSight Light Adjustable Lens system, which includes an intraocular light adjustable lens and a light delivery device [3]. Allegations of the Lawsuit - The lawsuit claims that RxSight and its executives misrepresented the company's growth, stating that utilization was rising and that newer customer cohorts were adopting the technology at a comparable or faster rate than previous cohorts. In reality, the company faced challenges with its field organization, leading to slower adoption and declining utilization [4]. - The lawsuit highlights that incremental placements of light delivery devices did not result in the expected volume of lens procedures, undermining the company's growth model [4]. Impact of Disclosures - On April 2, 2025, RxSight reported a sequential decline in quarterly lens sales and reduced its full-year revenue guidance by approximately $24 million, resulting in a 38% drop in the stock price [5]. - Further disclosures on July 8, 2025, revealed a 45% sequential decline in light delivery device sales and a second consecutive quarter of declining lens sales, leading to another 38% decrease in stock price [6]. Legal Representation - The plaintiffs in the lawsuit are represented by Robbins Geller Rudman & Dowd LLP, a law firm with significant experience in prosecuting investor class actions related to financial fraud [7].
RxSight, Inc. to Present at the Morgan Stanley Healthcare Conference
Globenewswire· 2025-08-25 20:05
Company Overview - RxSight, Inc. is an ophthalmic medical device company focused on providing high-quality customized vision for patients after cataract surgery [3] - The company offers the RxSight Light Adjustable Lens system, which includes the RxSight Light Adjustable Lens® (LAL®/LAL+®) and the RxSight Light Delivery Device (LDD™), representing the first and only commercially available intraocular lens (IOL) technology that can be adjusted post-surgery [3] Upcoming Events - RxSight's management is scheduled to present at the Morgan Stanley Healthcare Conference in New York City on September 8, 2025, at 7:45 a.m. Pacific Time / 10:45 a.m. Eastern Time [2] - A live and archived webcast of the presentation will be available on the company's investor relations website [2]
RxSight, Inc. to Present at the Wells Fargo Healthcare Conference
Globenewswire· 2025-08-14 20:05
Company Overview - RxSight, Inc. is an ophthalmic medical device company focused on providing high-quality customized vision for patients after cataract surgery [3] - The company offers the RxSight Light Adjustable Lens system, which includes the RxSight Light Adjustable Lens (LAL/LAL+), Light Delivery Device (LDD™), and accessories, representing the first and only commercially available intraocular lens technology that can be adjusted post-surgery [3] Upcoming Events - RxSight's management is scheduled to present at the Wells Fargo Healthcare Conference in Boston on September 4, 2025, at 7:15 a.m. Pacific Time / 10:15 a.m. Eastern Time [2] - A live and archived webcast of the presentation will be available on the company's investor relations website [2]
RxSight, Inc. to Present at the Bank of America Healthcare Conference
Globenewswire· 2025-04-30 20:05
Company Overview - RxSight, Inc. is an ophthalmic medical device company focused on providing high-quality customized vision for patients after cataract surgery [3] - The company offers the RxSight Light Adjustable Lens system, which includes the RxSight Light Adjustable Lens (LAL/LAL+), Light Delivery Device (LDD™), and accessories, representing the first and only commercially available intraocular lens technology that can be adjusted post-surgery [3] Upcoming Events - RxSight's management is scheduled to present at the Bank of America Healthcare Conference in Las Vegas on May 14, 2025, at 3:40 p.m. Pacific Time / 6:40 p.m. Eastern Time [2] - A live and archived webcast of the presentation will be accessible for interested parties [2] Contact Information - Shelley B. Thunen serves as the Chief Financial Officer and can be contacted via email at sthunen@rxsight.com [4] - Oliver Moravcevic is the VP of Investor Relations and can be reached at omoravcevic@rxsight.com [4]