Advanced Medical Optics Inc reported the increase of its quarterly net loss, caused by higher costs and acquisition-related charges.
Advanced Medical Optics, Inc. is a global medical device leader focused on the discovery and delivery of innovative vision technologies that optimize the quality of life for people of all ages. Products in the ophthalmic surgical line include intraocular lenses, laser vision correction systems, phacoemulsification systems, viscoelastics, microkeratomes and related products used in cataract and refractive surgery. AMO is based in Santa Ana , California , and employs approximately 4,200 worldwide.
Advanced Medical Optics Inc intends to improve its efficiency and productivity. The company plans to accomplish this through staff reductions and infrastructure changes designed to curtail fixed costs, improve operating leverage and heighten long-term cash flow.
The company said its outlook assumes a 10 percent decline in its 2008 U.S. excimer vision correction procedures compared with its prior expectation of 6 percent growth. It also assumes a more modest rate of growth for its U.S. femtosecond correction procedure and sales of refractive intraocular lenses, an artificial implanted lens, than previously expected.
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