08:40 AM EDT, 04/04/2024 (MT Newswires) -- STAAR Surgical ( STAA ) said Thursday that it expects preliminary fiscal Q1 net sales to be more than $77 million.

Analysts surveyed by Capital IQ are expecting $72.1 million.

The company said it now expects its fiscal 2024 net sales to be at the higher end of its previous outlook range of $335 million to $340 million. Analysts polled by Capital IQ are looking for $337.2 million.

The company said it ended its fiscal quarter ended March 29 with $248 million in cash, cash equivalents and investments.

Shares of the company were up nearly 9% in recent Thursday premarket activity.

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