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 | ||
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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