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Glaukos (GKOS) investor relations material
Glaukos Wells Fargo 20th Annual Healthcare Conference 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Wells Fargo 20th Annual Healthcare Conference 2025 summary3 Sep, 2025
Growth outlook and market opportunity
Achieved four consecutive quarters of 20%+ growth, with 29% constant currency growth in Q2.
Investments over the past decade are unlocking a larger standalone glaucoma market, now estimated at 21–22 million eyes in the U.S., with 12–13 million diagnosed and treated.
Management expects above-market growth to continue, with 20%+ annual growth seen as achievable for the coming years.
Focus remains on driving growth and market expansion rather than immediate profitability.
Profitability and financial priorities
Near-term focus is on reaching cash flow breakeven, not profitability.
Profitability will become a focus once key products like iDose and Epioxxa reach sufficient scale.
Management aims to preserve flexibility for ongoing investment in growth opportunities.
iDose launch and reimbursement progress
iDose generated $31 million in Q2 sales, up $10 million sequentially.
Early sales driven by Medicare coverage from Noridian and Novitas, covering about 50% of Medicare lives.
Additional MACs (NGS, First Coast, Palmetto, WPS, CGS) are being engaged for broader reimbursement.
Commercial and Medicare Advantage coverage is strong, with 98–99% of lives in play; adoption is now the main focus.
Co-pay assistance, specialty pharmacy, and support tools are in place to aid adoption.
Explain pipeline investment vs. near-term EPS focus
iDose: Path to in-office and commercial growth
Epioxa: Market expansion vs. 2026 headwinds
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Q3 202529 Oct, 2025
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Frequently asked questions
Glaukos Corporation develops and commercializes medical devices and pharmaceuticals for the treatment of glaucoma, corneal disorders, and retinal diseases. The company is known for its minimally invasive surgical technologies and ophthalmic drug delivery platforms. The company is headquartered in Aliso Viejo, California, and its shares are listed on the NYSE.
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