Business Context and Reporting Period
This Form 8-K, dated June 8, 2020, is filed by Glaukos Corporation (GKOS) to provide additional financial information regarding its acquisition of Avedro, Inc. The acquisition was completed on November 21, 2019. This filing serves as an amendment to a previous report filed on February 5, 2020, specifically to include audited financial statements for Avedro and unaudited pro forma financial information for the combined entity.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it references the following documents where such data is located:
- Avedro Audited Statements: Financial statements as of December 31, 2018, and 2017, and for the two-year period ended December 31, 2018 (Exhibit 99.1).
- Avedro Unaudited Statements: Condensed financial statements for the nine months ended September 30, 2019 (Exhibit 99.2).
- Pro Forma Information: Unaudited pro forma combined statement of operations for the year ended December 31, 2019 (Exhibit 99.3).
Material Changes
The primary material change reported is the inclusion of specific financial data for Avedro, Inc., which was previously disclosed in an amended Form 8-K on February 5, 2020. This filing updates the historical financial statements and unaudited pro forma information required under Item 9.01(a) and (b) of Form 8-K to reflect the completed merger.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, specific risk factors, or details on contingencies. The document is strictly procedural, focusing on the submission of required financial exhibits related to the Avedro acquisition.
Investor Verification Checklist
- Review Exhibit 99.1 for Avedro's audited financial performance for 2017 and 2018.
- Review Exhibit 99.2 for Avedro's unaudited performance for the nine months ended September 30, 2019.
- Review Exhibit 99.3 for the unaudited pro forma combined statement of operations for the year ended December 31, 2019, to understand the financial impact of the merger.
- Verify the independence of the audit report provided by Ernst & Young LLP (Exhibit 23.1).