Overview

* Sight Sciences Q3 2025 revenue beats analyst expectations despite a 1% yr/yr decline

* Company raises full-year 2025 revenue guidance to $76-78 mln, up from $72-76 mln

* Operating expenses decreased 11% yr/yr in Q3 2025, including $2.8 mln in restructuring costs

Outlook

* Sight Sciences ( SGHT ) raises 2025 revenue guidance to $76.0 mln to $78.0 mln

* Company reduces 2025 adjusted operating expenses guidance to $90 mln to $92 mln

* Company expects tariffs to increase Surgical Glaucoma costs by $1.0 mln to $1.5 mln in 2025

Result Drivers

* SURGICAL GLAUCOMA GROWTH - Revenue growth driven by increased ordering accounts and higher average selling prices, despite coverage restrictions

* DRY EYE REVENUE DECLINE - Significant decline due to focus on achieving reimbursed market access for TearCare procedures

* OPERATING EXPENSE REDUCTION - Operating expenses decreased due to restructuring and cost management efforts

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $19.90 $17.70

Revenue mln mln (6

Analysts

)

Q3 Net -$8.20

Income mln

Q3 Gross 86.00%

Margin

Q3 Gross $17.20

Profit mln

Q3 $25.10

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

* Wall Street's median 12-month price target for Sight Sciences Inc ( SGHT ) is $4.00, about 25.8% below its November 5 closing price of $5.03

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)