2024-05-01 06:06:07 ET
Summary
- RxSight offers a revolutionary adjustable IOL technology with superior outcomes and reduced side effects compared to traditional IOLs.
- The company's "razor-and-blade" business model, with the LAL and LDD, provides precise post-surgical vision adjustments.
- Despite impressive revenue growth, RxSight remains unprofitable, leading to a "Hold" recommendation due to high valuation and ongoing cash burn.
Introduction
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RxSight: Promising Technology, Uncertain Profitability - A Hold Recommendation