This excerpt taken from the EYE 8-K filed Feb 13, 2007.
Cataract/implant sales grew 4.4 percent versus 2005 to $519.0 million, reflecting increased demand for AMOs premium IOLs and proprietary phacoemulsification systems. Fourth-quarter cataract/implant sales rose 5.0 percent. The impact of foreign currency caused a 0.2 percent decline for 2006 and a 3.3 percent increase for the fourth quarter. Below are cataract/implant sales highlights. Growth rates reflect comparisons to the same period in 2005 and include the impacts of foreign currency.
· Total IOL sales rose 11.9 percent to $291.5 million, due primarily to increased demand for the companys Tecnis® aspheric monofocal and refractive IOLs. In the fourth quarter, IOL sales rose 15.2 percent to $79.6 million. Partially offsetting IOL sales growth was the companys planned rationalization of older-generation, lower-margin products that no longer fit its growth strategy.
· Monofocal IOL sales rose 2.2 percent for the year and 8.2 percent in the fourth quarter to $242.3 million and $65.2 million, respectively. Fueling this performance were significant sales increases of Tecnis® monofocal IOLs, with its patented, wavefront-designed aspheric surface and a unique FDA claim for improved functional vision.
· Sales of refractive IOLs rose 108.6 percent to $49.2 million, reflecting demand for the companys ReZoomTM Multifocal, Tecnis® Multifocal and VerisyseTM IOLs. Momentum was strong through the fourth quarter, when sales grew to $14.4 million, representing a 62.4 percent increase versus the year-ago quarter and a 13.6 percent increase versus the third quarter of 2006.
· Viscoelastics sales declined 6.1 percent to $123.1 million, with fourth-quarter sales down 7.8 percent to $30.6 million. The decline reflects lost sales from discontinued product lines and continued pricing pressures in Europe and Japan.
· Phacoemulsification sales rose 5.7 percent to $87.6 million, with fourth-quarter sales up 3.6 percent to $23.9 million. Performance reflects strong system and pack sales. New unit placements rose approximately 21 percent and 13 percent for the year and fourth quarter, respectively.