Unknown Analyst

Good afternoon. I'm Ray. I'm part of the Medtech research team here at Bank of America, and it's my pleasure to introduce Paul Badawi from Sight Sciences here today. Welcome, Paul. Thanks for being here.

Paul Badawi
Co-Founder, President, CEO & Director

Our mission at Sight is to develop transformative interventional technologies that procedurally elevate the standard of care, allowing eye care providers to elevate the standard of care and empower patients to keep seeing.

We are an interventional eye care leader. We are active, commercially active in 2 large growing segments in eye care anterior segment, glaucoma and dry eye disease. Glaucoma is the world's leading cause of irreversible blindness and dry eye disease is one of the leading causes, if not the leading cause for a visit to an eye care provider. Some exciting news at Sight Sciences. Late last year, the middle of October, I believe, we announced we're pioneering a new category in eye care, reimbursed procedural dry eye. We announced our first 2 payer successes, 2 MACs, Novitas and First Coast established fee schedules for TearCare. So we're very excited to be building that business as we seek additional market access.

We have a very strong balance sheet to drive commercial growth, selective investments as we -- on the TearCare side and reimbursed dry eye as we drive additional market access and also prove the business model within First Coast and Novitas and make targeted commercial investments there and also continue to scale our growing interventional glaucoma business led by OMNI, developing -- further developing the combo cataract market and also developing the stand-alone glaucoma market. Very strong gross margins historically