Note that sales growth was not the impressive quarter on quarter either
Also note the substantial selling, general and admin costs. They have to throw a lot of money at marketing to ramp up sales. These cost rose significantly yoy
Also note the massive gross profit margin. This is why the market has put such a big price on Glaukos, it is thinking, if they get sales traction they will generate huge cash flow. Question is how much it cost to get the sales
From memory the gross margin on itrack was pretty solid as well.
ELX Price at posting:
79.0¢ Sentiment: Buy Disclosure: Held
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