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.


Peer comparison

Dec 31, 2023