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Sight Sciences sees FY23 revenue $80.9M-$81.1M, consensus $80.42M

Full year 2023 total revenue is expected to be in the range of $80.9 million to $81.1 million, an increase of 14% compared to the prior year at the estimated midpoint. Surgical Glaucoma revenues are expected to be in the range of $74.3 million to $74.4 million, an increase of 13% compared to the prior year at the estimated midpoint. Dry Eye revenues are expected to be in the range of $6.6 million to $6.7 million, an increase of 17% compared to the prior year at the estimated midpoint. The Company’s cash and cash equivalents as of December 31, 2023, was approximately $138 million, compared to $144.5 million as of September 30, 2023. Cash used in the quarter totaled approximately $6.5 million, reflecting continued operational discipline and a sequential improvement from $10.0 million cash used in the third quarter of 2023 and a decrease versus the comparative period in the prior year where cash used in the fourth quarter of 2022 was $14.8 million.

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