{"id":2008,"date":"2022-08-12T00:26:46","date_gmt":"2022-08-11T21:26:46","guid":{"rendered":"https:\/\/www.sightsciences.com\/us\/?p=1468"},"modified":"2024-07-17T11:10:28","modified_gmt":"2024-07-17T08:10:28","slug":"sight-sciences-reports-second-quarter-2022-financial-results","status":"publish","type":"post","link":"https:\/\/www.sightsciences.com\/us\/sight-sciences-reports-second-quarter-2022-financial-results\/","title":{"rendered":"Sight Sciences Reports Second Quarter 2022 Financial Results"},"content":{"rendered":"<article class=\"node node--nir-news--full node--type-nir-news node--view-mode-full node--promoted\">\n<div class=\"field field--name-field-nir-news-date field--type-datetimezone field--label-hidden ndq-date\"><\/div>\n<div class=\"node__content\">MENLO PARK, Calif., Aug. 11, 2022 (GLOBE NEWSWIRE) &#8212; Sight Sciences, Inc. (Nasdaq: SGHT), an eyecare technology company focused on creating innovative solutions intended to transform care and improve patients\u2019 lives, today reported financial results for the second quarter ended June 30, 2022.<\/div>\n<h2 class=\"node__content\">Recent Business Highlights<\/h2>\n<div class=\"node__content\">\n<p>&nbsp;<\/p>\n<ul style=\"margin-left: 25px; list-style-type: disc;\">\n<li style=\"margin-top: 6pt; text-align: justify;\">Generated total revenue of $17.2 million in the second quarter of 2022, an increase of 37% compared to the prior year period and 16% from the first quarter<\/li>\n<li style=\"margin-top: 6pt; text-align: justify;\">Expanded total gross margin to 84% in the second quarter of 2022 versus 82% in the prior year period<\/li>\n<li style=\"margin-top: 6pt; text-align: justify;\">Increased the number of facilities ordering the OMNI\u00ae Surgical System from 811 in the first quarter of 2022 to 875 in the second quarter of 2022, and the installed base of TearCare\u00ae System facilities from 635 on March 31, 2022 to 762 on June 30, 2022<\/li>\n<li style=\"margin-top: 6pt; text-align: justify;\">Maintained continued excellence in Surgical Glaucoma account retention in the second quarter of 2022 with a developed customer retention rate of 100.0%<\/li>\n<li style=\"margin-top: 6pt; text-align: justify;\">Plan to introduce the SION\u2122 Surgical Instrument, Sight Sciences\u2019 new bladeless goniotomy device for our Surgical Glaucoma segment, to a select group of surgeons in August 2022 with a broad commercial launch planned for the fourth quarter of 2022<\/li>\n<li style=\"margin-top: 6pt; text-align: justify;\">Patient enrollment in the pivotal SAHARA clinical trial, a randomized, controlled trial comparing use of our TearCare System to daily use of the market leading prescription eye drop Restasis, continues tracking on plan with expected enrollment completion in Q4 2022<\/li>\n<\/ul>\n<p>\u201cOur strong second quarter results highlight the continued market leading growth for both our OMNI Surgical System and TearCare System,\u201d said Paul Badawi, co-founder and Chief Executive Officer of Sight Sciences. \u201cIn the second half of the year we will remain focused on increasing adoption and utilization of OMNI in both the established combination cataract and greenfield standalone MIGS segments, launching our new bladeless goniotomy instrument, SION, and advancing our dry eye initiatives, such as SAHARA, which are intended to deliver fair patient access and reimbursement for dry eye treatment procedures.\u201d<\/p>\n<h2>Second Quarter 2022 Financial Results<\/h2>\n<p>Revenue for the second quarter of 2022 was $17.2 million, an increase of $4.7 million, or 37%, compared to the second quarter of 2021. Surgical Glaucoma revenue was $15.9 million, an increase of 33% compared to the prior year period and 15% compared to the first quarter. The growth was primarily driven by an increase in both the number of facilities ordering the OMNI Surgical System and utilization per ordering facility. Dry Eye revenue was $1.3 million, an increase of 143% from the previous year and 32% from the first quarter. The growth was primarily driven by increases in sales of the Tear Care System to both new and reordering customers.<\/p>\n<p>Gross profit for the second quarter of 2022 was $14.5 million compared to $10.2 million for the second quarter of 2021. Gross margin for the second quarter of 2022 was 84%, as compared to 82% in the same period of the prior year. The gross margin improvement was attributable mainly to manufacturing cost reductions resulting from transitioning production to high volume, lower cost contract manufacturers and increased revenues covering largely fixed allocated labor and manufacturing overhead.<\/p>\n<p>Operating expenses were $37.4 million for the second quarter of 2022 compared to $21.3 million in the same period the prior year, representing a 75% increase. Operating expenses as a percentage of revenues increased from 170% in the second quarter of 2021 to 217% in the second quarter of 2022. The increase in operating expenses was primarily driven by additions to personnel and continued investment in R&amp;D and SG&amp;A to support the Company\u2019s growth, including stock-based compensation of $3.5 million compared to $0.9 million in the prior year period.<\/p>\n<p>Net loss was $23.8 million in the second quarter of 2022 ($0.50 per share), as compared to $17.6 million in the same prior year period ($1.83 per share).<\/p>\n<p>Cash and cash equivalents totaled $220.1 million and total debt was $33.0 million as of June 30, 2022.<\/p>\n<h2>2022 Financial Guidance<\/h2>\n<p>Sight Sciences projects revenue for the full year 2022 to range from $68 million to $72 million, which represents growth of approximately 39% to 47% compared to 2021.<\/p>\n<p><strong>Conference Call<\/strong><br \/>\nSight Sciences\u2019 management team will host a conference call today, August 11, 2022, beginning at 4:30 pm ET. Investors interested in listening to the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=P3ZVq-OhjpqPLl_0YXD-kvM7s-1FcF20ub9GkTupFsQ_kZSZ1Nas1lhB2-yvJP9-6jPLu7vAV8cX0xCiXPMNB7K44sJEgOA-haFJwa6DeIE=\" target=\"_blank\" rel=\"nofollow noopener\"> <u>audio webcast should register online here<\/u> <\/a>. Participants are encouraged to register more than 15 minutes before the start of the call. A replay of the webcast will be available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mOuNZfc442f8lEaXEa0KQ9aqk76y2238WorhjsUUB2mNo2zGSJ_Dhu1om2qQNK7Uo5gJhSvuj-CmK_mlA8YGvkr3onM3-T6ZuMui5XVpcKzD3hurdiUEE_3J7WO_dml9\" target=\"_blank\" rel=\"nofollow noopener\"> <u>https:\/\/investors.sightsciences.com<\/u> <\/a>, in the News &amp; Events section.<\/p>\n<p><strong>About Sight Sciences<\/strong><br \/>\nSight Sciences is an eyecare technology company focused on developing and commercializing innovative solutions intended to transform care and improve patients\u2019 lives. Using minimally invasive or non-invasive approaches to target the underlying causes of the world\u2019s most prevalent eye diseases, Sight Sciences seeks to create more effective treatment paradigms that enhance patient care and supplant conventional outdated approaches. The Company\u2019s OMNI\u00ae Surgical System is a minimally invasive glaucoma surgery (MIGS) device indicated to reduce intraocular pressure in adult patients with primary open-angle glaucoma (POAG), the world\u2019s leading cause of irreversible blindness. The Company\u2019s TearCare\u00ae System is 510(k) cleared for the application of localized heat therapy in adult patients with evaporative dry eye disease due to meibomian gland dysfunction (MGD), enabling office-based clearance of gland obstructions by physicians to address the leading cause of dry eye disease.<\/p>\n<p>For more information, visit www.sightsciences.com.<\/p>\n<p>OMNI\u00ae and TearCare\u00ae are registered trademarks of Sight Sciences.<br \/>\n\u00a9 2022 Sight Sciences. All rights reserved.<\/p>\n<p><strong>Forward-Looking Statements<\/strong><\/p>\n<p>This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release or during the earnings call that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as \u201canticipate,\u201d \u201cexpect,\u201d \u201csuggests,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cintend,\u201d \u201cestimates,\u201d \u201ctargets,\u201d \u201cprojects,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cforecast\u201d and other similar expressions. We base these forward-looking statements on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at such time. Although we believe that these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our business, results of operations and financial condition and could cause actual results to differ materially from those expressed in the forward-looking statements. These statements are not guarantees of future performance or results. The forward-looking statements are subject to and involve risks, uncertainties and assumptions, and you should not place undue reliance on these forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning the following: estimates of our total addressable market, future revenue, expenses, capital requirements, and our needs for additional financing; our ability to enter into and compete in new markets; execution of our market strategies; the impact of the COVID-19 pandemic on our business, our customers\u2019 and suppliers\u2019 businesses and the general economy; our ability to compete effectively with existing competitors and new market entrants; our ability to scale our infrastructure; our ability to manage and grow our business by expanding our sales to existing customers or introducing our products to new customers; our ability to establish and maintain intellectual property protection for our products or avoid claims of infringement; potential effects of extensive government regulation; our abilities to obtain and maintain regulatory approvals and clearances for our products that support our revenue projections, business strategies and growth; our ability to successfully execute our clinical trial roadmap; our ability to obtain and maintain sufficient reimbursement for our products; our abilities to protect and scale our intellectual property portfolio; our ability to hire and retain key personnel; our ability to obtain financing in future offerings; the volatility of the trading price of our common stock; our expectation regarding the time during which we will be an emerging growth company under the Jumpstart Our Business Startups Act (the \u201cJOBS Act\u201d); our ability to maintain proper and effective internal controls; and the other important factors discussed under the caption \u201cRisk Factors\u201d in our filings with the U.S. Securities and Exchange Commission, as may be updated from time to time in subsequent filings. These cautionary statements should not be construed by you to be exhaustive and are made only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.<\/p>\n<p><strong>Investor contact:<\/strong><\/p>\n<p>Philip Taylor<br \/>\nGilmartin Group<br \/>\n415.937.5406<br \/>\nInvestor.Relations@Sightsciences.com<\/p>\n<div id=\"nir-table-wrapper\">\n<table style=\"border-collapse: collapse; width: 100%;\" role=\"presentation\">\n<tbody>\n<tr>\n<td style=\"text-align: center; vertical-align: bottom;\" colspan=\"9\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: bottom;\" colspan=\"9\">\n<h4>SIGHT SCIENCES, INC.<\/h4>\n<h4>Condensed Consolidated Balance Sheets (Unaudited)<\/h4>\n<h4>(in thousands, except share and per share data)<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\" colspan=\"2\"><strong>June 30,<\/strong><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\" colspan=\"2\"><strong>December 31,<\/strong><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: center; vertical-align: bottom;\" colspan=\"2\"><strong>2022<\/strong><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: center; vertical-align: bottom;\" colspan=\"2\"><strong>2021<\/strong><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><strong>Assets<\/strong><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Current assets:<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width: 74%; width: 74%; min-width: 74%; vertical-align: top; text-align: left; padding-left: 10.0px;\">Cash and cash equivalents<\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom;\">$<\/td>\n<td style=\"max-width: 10%; width: 10%; min-width: 10%; text-align: right; vertical-align: bottom;\">220,097<\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom;\">$<\/td>\n<td style=\"max-width: 10%; width: 10%; min-width: 10%; text-align: right; vertical-align: bottom;\">260,687<\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Accounts receivable, net<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">10,474<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">8,709<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Inventory, net<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">4,940<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">3,475<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Prepaid expenses and other current assets<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">2,035<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">4,164<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 20.0px;\">Total current assets<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">237,546<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">277,035<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Property and equipment, net<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">1,717<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">1,454<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Operating lease right-of-use assets<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">1,250<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">1,495<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Other noncurrent assets<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">236<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">202<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 20.0px;\">Total assets<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; vertical-align: bottom;\">$<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; text-align: right; vertical-align: bottom;\">240,749<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; vertical-align: bottom;\">$<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; text-align: right; vertical-align: bottom;\">280,186<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><strong>Liabilities, redeemable convertible preferred stock, and Stockholders\u2019 equity<\/strong><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: double black 3pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: double black 3pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Current liabilities:<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Accounts payable<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\">$<\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">2,725<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\">$<\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">3,351<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Accrued compensation<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">6,286<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">5,987<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Accrued and other current liabilities<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">5,186<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">4,166<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 20.0px;\">Total current liabilities<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">14,197<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">13,504<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Long-term debt<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">32,984<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">32,656<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Other noncurrent liabilities<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">1,809<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">1,919<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Total liabilities<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">48,990<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">48,079<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Commitments and contingencies (Note 6)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Redeemable convertible preferred stock:<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Convertible preferred stock par value of $0.001 per share; 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">\u2014<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">\u2014<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Stockholders\u2019 equity:<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Preferred stock par value of $0.001 per share; 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">\u2014<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">\u2014<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Common stock par value of $0.001 per share; 200,000,000 shares authorized as of June 30, 2022 and December 31, 2021, respectively; 47,819,706 and 47,504,704 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">48<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">48<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Additional paid-in-capital<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">391,818<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">385,060<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Accumulated deficit<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">(200,107<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">(153,001<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 20.0px;\">Total stockholders\u2019 equity<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">191,759<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">232,107<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 20.0px;\">Total liabilities, redeemable convertible preferred stock and stockholders\u2019 equity<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; vertical-align: bottom;\">$<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; text-align: right; vertical-align: bottom;\">240,749<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; vertical-align: bottom;\">$<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; text-align: right; vertical-align: bottom;\">280,186<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 25.0px;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div id=\"nir-table-wrapper-2\">\n<table style=\"border-collapse: collapse; width: 100%;\" role=\"presentation\">\n<tbody>\n<tr>\n<td style=\"text-align: center; vertical-align: bottom;\" colspan=\"17\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: bottom;\" colspan=\"17\">\n<h4>SIGHT SCIENCES, INC.<\/h4>\n<h4>Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)<\/h4>\n<h4>(in thousands, except share and per share data)<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td colspan=\"6\"><\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"6\"><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: center; vertical-align: bottom;\" colspan=\"6\"><strong>Three Months Ended<\/strong><br \/>\n<strong>June 30,<\/strong><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: center; vertical-align: bottom;\" colspan=\"6\"><strong>Six Months Ended<\/strong><br \/>\n<strong>June 30,<\/strong><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: center; vertical-align: bottom;\" colspan=\"2\"><strong>2022<\/strong><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: center; vertical-align: bottom;\" colspan=\"2\"><strong>2021<\/strong><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: center; vertical-align: bottom;\" colspan=\"2\"><strong>2022<\/strong><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: center; vertical-align: bottom;\" colspan=\"2\"><strong>2021<\/strong><\/td>\n<td style=\"text-align: center; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width: 48%; width: 48%; min-width: 48%; vertical-align: top;\">Revenue<\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; border-top: solid black 1pt; vertical-align: bottom;\">$<\/td>\n<td style=\"max-width: 10%; width: 10%; min-width: 10%; border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">17,229<\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; border-top: solid black 1pt; vertical-align: bottom;\">$<\/td>\n<td style=\"max-width: 10%; width: 10%; min-width: 10%; border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">12,535<\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; border-top: solid black 1pt; vertical-align: bottom;\">$<\/td>\n<td style=\"max-width: 10%; width: 10%; min-width: 10%; border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">32,111<\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom;\"><\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; border-top: solid black 1pt; vertical-align: bottom;\">$<\/td>\n<td style=\"max-width: 10%; width: 10%; min-width: 10%; border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">21,170<\/td>\n<td style=\"max-width: 1%; width: 1%; min-width: 1%; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Cost of goods sold<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">2,736<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">2,305<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">5,768<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">4,606<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Gross profit<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">14,493<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">10,230<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">26,343<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">16,564<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Operating expenses:<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\" colspan=\"2\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Research and development<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">5,926<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">3,546<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">11,573<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">6,986<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 10.0px;\">Selling, general and administrative<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">31,431<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">17,760<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">59,826<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">32,310<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; text-align: left; padding-left: 20.0px;\">Total operating expenses<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">37,357<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">21,306<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">71,399<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">39,296<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Loss from operations<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">(22,864<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">(11,076<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">(45,056<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">(22,732<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Interest expense<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">(1,065<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">(1,082<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">(2,112<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"text-align: right; vertical-align: bottom;\">(2,166<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Other income (expense), net<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">95<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">(5,435<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">80<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">(4,883<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Loss before income taxes<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">(23,834<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">(17,593<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">(47,088<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; text-align: right; vertical-align: bottom;\">(29,781<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Provision for income taxes<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">9<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">22<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">18<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">74<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Net loss and comprehensive loss<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\">$<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">(23,843<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\">$<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">(17,615<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\">$<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">(47,106<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\">$<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">(29,855<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Net loss per share attributable to common stockholders, basic and diluted<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\">$<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">(0.50<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\">$<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">(1.83<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\">$<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">(0.99<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; vertical-align: bottom;\">$<\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: solid black 1pt; text-align: right; vertical-align: bottom;\">(3.12<\/td>\n<td style=\"vertical-align: bottom;\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\">Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; text-align: right; vertical-align: bottom;\">47,701,451<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; text-align: right; vertical-align: bottom;\">9,610,408<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; text-align: right; vertical-align: bottom;\">47,635,840<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; vertical-align: bottom;\"><\/td>\n<td style=\"border-top: solid black 1pt; border-bottom: double black 3pt; text-align: right; vertical-align: bottom;\">9,564,096<\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<td style=\"vertical-align: bottom;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZGJjNmUxMWQtYjlmZS00NjA2LWJiYzAtZGRkZTY2YTc1NzEzLTEyMjEzMjQ=\/tiny\/Sight-Sciences-Inc-.png\" alt=\"\" \/><\/p>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>MENLO PARK, Calif., Aug. 11, 2022 (GLOBE NEWSWIRE) &#8212; Sight Sciences, Inc. (Nasdaq: SGHT), an eyecare technology company focused on creating innovative solutions intended to transform care and improve patients\u2019 lives, today reported financial results for the second quarter ended June 30, 2022. Recent Business Highlights &nbsp; Generated total revenue of $17.2 million in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2008","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sight Sciences Reports Second Quarter 2022 Financial Results - United States<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sightsciences.com\/us\/sight-sciences-reports-second-quarter-2022-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sight Sciences Reports Second Quarter 2022 Financial Results\" \/>\n<meta property=\"og:description\" content=\"MENLO PARK, Calif., Aug. 11, 2022 (GLOBE NEWSWIRE) &#8212; Sight Sciences, Inc. 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(Nasdaq: SGHT), an eyecare technology company focused on creating innovative solutions intended to transform care and improve patients\u2019 lives, today reported financial results for the second quarter ended June 30, 2022. 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