Glaukos Corp (GKOS)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	-134,661	-129,342	-126,474	-139,198	-99,195	-89,607	-55,801	-27,747	-49,593	-38,369	-60,347	-82,759	-120,348	-73,119	-70,877	-37,292	15,424	-19,378	-12,493	-11,582
Revenue (ttm)	US$ in thousands	303,223	293,554	286,692	278,963	272,731	274,744	281,666	290,488	292,910	292,904	283,025	236,490	222,935	215,550	208,628	235,970	236,597	224,824	210,423	192,784
Net profit margin		-44.41%	-44.06%	-44.11%	-49.90%	-36.37%	-32.61%	-19.81%	-9.55%	-16.93%	-13.10%	-21.32%	-34.99%	-53.98%	-33.92%	-33.97%	-15.80%	6.52%	-8.62%	-5.94%	-6.01%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-134,661K ÷ $303,223K
= -44.41%

The net profit margin of Glaukos Corporation has shown a declining trend over the past four quarters. In Q1 2023, the net profit margin reached its lowest point at -48.15%, indicating that the company's profitability was significantly impacted during that period. Throughout the rest of 2023, the net profit margin remained in the range of -42.79% to -42.61%, showing consistency in the negative profitability levels.

Comparing to the same quarters in 2022, the net profit margin has deteriorated significantly. In Q4 2022, the net profit margin was at -35.07%, which was already a decline from the previous quarters. However, in Q1 2022, the net profit margin was the most favorable during that year at -9.45%, suggesting a marked decrease in profitability over the course of a year.

Overall, the consistent negative net profit margins indicate challenges in controlling costs and generating revenue, which may require the company to review its strategies to improve profitability in the future.