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IRIDEX Corporation

Healthcare US IRIX

1.15USD
-0.02(1.71%)

Last update at 2026-06-03T20:00:00Z

Day Range

1.141.19
LowHigh

52 Week Range

1.313.65
LowHigh

Fundamentals

  • Previous Close 1.17
  • Market Cap40.14M
  • Volume91713
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-9.17900M
  • Revenue TTM51.87M
  • Revenue Per Share TTM3.22
  • Gross Profit TTM 25.37M
  • Diluted EPS TTM-0.67

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -7.48200M -5.18500M -6.30300M -8.76500M -12.77600M
Minority interest - - - - -
Net income -7.54700M -5.22500M -6.32900M -8.81300M -12.81300M
Selling general administrative 7.56M 8.86M 6.62M 8.38M 9.55M
Selling and marketing expenses 18.18M 14.64M 12.24M 14.85M 16.78M
Gross profit 25.37M 22.83M 15.56M 17.94M 17.47M
Reconciled depreciation 1.38M 0.80M 0.50M 0.69M 0.81M
Ebit -8.92600M -8.33600M -7.08700M -9.66200M -13.67700M
Ebitda -7.54200M -7.53300M -6.58300M -8.97400M -12.86800M
Depreciation and amortization 1.38M 0.80M 0.50M 0.69M 0.81M
Non operating income net other - - 0.28M 0.21M 0.09M
Operating income -7.54200M -7.53300M -6.58300M -8.97400M -12.86800M
Other operating expenses 64.51M 61.44M 42.93M 52.42M 55.47M
Interest expense 1.44M 3.15M 0.78M 0.90M 0.00000M
Tax provision 0.07M 0.04M 0.03M 0.05M 0.04M
Interest income - - - - -
Net interest income - - - - -
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.07M 0.04M 0.03M 0.05M 0.04M
Total revenue 56.97M 53.90M 36.35M 43.45M 42.60M
Total operating expenses 32.91M 30.36M 22.14M 26.91M 30.34M
Cost of revenue 31.60M 31.07M 20.79M 25.51M 25.13M
Total other income expense net 0.06M 2.35M 0.28M 0.21M 0.09M
Discontinued operations - - - - -
Net income from continuing ops -7.54700M -5.22500M -6.32900M -8.81300M -12.81300M
Net income applicable to common shares -7.54700M -5.22500M -6.32900M -8.81300M -12.81300M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 34.44M 42.29M 48.69M 27.97M 34.81M
Intangible assets 1.64M 1.98M 2.21M 0.07M 0.08M
Earning assets - - - - -
Other current assets 0.86M 1.47M 1.07M 0.73M 0.40M
Total liab 24.91M 25.06M 25.39M 10.60M 12.11M
Total stockholder equity 9.52M 17.23M 23.30M 17.37M 22.70M
Deferred long term liab - - - - -
Other current liab 5.08M 5.13M 5.96M 3.94M 4.32M
Common stock 0.17M 0.17M 0.17M 0.15M 0.15M
Capital stock 0.17M 0.17M 0.17M 0.15M 0.15M
Retained earnings -79.04200M -69.71600M -62.16900M -56.94400M -50.61500M
Other liab - 11.87M 11.01M 0.39M 0.54M
Good will 0.96M 0.96M 0.96M 0.53M 0.53M
Other assets - 1.46M 0.27M 1.56M 0.15M
Cash 7.03M 13.92M 23.85M 11.63M 12.65M
Cash and equivalents - - - - -
Total current liabilities 12.97M 12.45M 12.65M 8.68M 9.78M
Current deferred revenue 2.40M 2.41M 2.35M 0.94M 1.45M
Net debt -4.28800M -12.15300M -21.19600M -7.43800M -9.44400M
Short term debt 0.99M 1.04M 0.93M 2.66M 1.41M
Short long term debt - - - 1.25M -
Short long term debt total 2.75M 1.77M 2.66M 4.19M 3.21M
Other stockholder equity 88.44M 86.80M 85.25M 74.18M 73.09M
Property plant equipment - 2.13M 2.99M 1.88M 0.73M
Total current assets 27.45M 35.77M 42.25M 25.36M 30.55M
Long term investments - - - - -
Net tangible assets - 14.29M 20.13M 16.77M 22.09M
Short term investments - - - - -
Net receivables 9.65M 9.77M 9.72M 7.29M 9.32M
Long term debt - - - 1.25M -
Inventory 9.91M 10.61M 7.61M 5.71M 8.17M
Accounts payable 4.50M 3.87M 3.40M 1.15M 2.59M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -0.05200M -0.02400M 0.04M -0.01900M 0.08M
Additional paid in capital - - - - -
Common stock total equity - - - 0.15M 0.15M
Preferred stock total equity - - - - -
Retained earnings total equity - - - -56.94400M -50.61500M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 1.40M 1.46M 0.27M 0.13M 0.15M
Deferred long term asset charges - - - - -
Non current assets total 6.99M 6.52M 6.43M 2.61M 4.26M
Capital lease obligations 2.75M 1.77M 2.66M 1.69M 3.21M
Long term debt total - - - 1.25M -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -0.28600M -5.55600M -0.09300M -0.50900M -0.82700M
Change to liabilities 1.95M 13.68M -2.02800M -1.23700M 1.99M
Total cashflows from investing activities -0.28600M -5.55600M -0.09300M -0.50900M -0.82700M
Net borrowings - - 2.50M 2.50M 2.50M
Total cash from financing activities -0.07300M 9.47M 2.47M -0.15600M 10.38M
Change to operating activities -4.29500M -1.12200M -0.94400M -1.50000M 0.23M
Net income -7.54700M -5.22500M -6.32900M -8.81300M -12.81300M
Change in cash -9.93000M 12.23M -1.02700M -8.54100M -0.51300M
Begin period cash flow 23.85M 11.63M 12.65M 21.19M 21.71M
End period cash flow 13.92M 23.85M 11.63M 12.65M 21.19M
Total cash from operating activities -9.51900M 8.22M -3.23700M -7.91300M -10.02500M
Issuance of capital stock 0.00000M 9.88M - 0.00000M 10.47M
Depreciation 1.38M 0.80M 0.50M 0.69M 0.81M
Other cashflows from investing activities - - 0.00400M -0.38100M -0.38700M
Dividends paid - - - - -
Change to inventory -3.01900M 0.27M 2.38M 0.55M 0.46M
Change to account receivables 0.20M 0.64M 1.86M -0.27100M -1.15900M
Sale purchase of stock - - - - 10.57M
Other cashflows from financing activities -9.95100M -0.41200M 2.47M -0.15600M -0.09600M
Change to netincome 1.81M -0.82900M 1.32M 1.78M 1.96M
Capital expenditures 0.29M 0.21M 0.10M 0.13M 0.44M
Change receivables - - 1.86M -0.27100M -1.15900M
Cash flows other operating - - -1.35500M -0.60200M -1.27300M
Exchange rate changes - - - - -
Cash and cash equivalents changes - - -0.86300M -8.57800M -0.47300M
Change in working capital -5.16400M 13.47M 1.27M -1.56500M 0.02M
Stock based compensation 1.62M 1.63M 1.12M 1.70M 1.80M
Other non cash items 0.19M -2.45700M 0.20M 0.05M 0.15M
Free cash flow -9.80500M 8.00M -3.33400M -8.04100M -10.46500M

Peer Comparison

Sector: Healthcare Industry: Medical Devices

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
IRIX
IRIDEX Corporation
-0.02 1.71% 1.15 - - 0.88 4.87 0.81 -5.2705
ABT
Abbott Laboratories
0.02 0.02% 86.99 25.97 17.24 3.57 3.20 3.81 16.75
SYK
Stryker Corporation
1.70 0.58% 295.00 44.07 24.94 5.51 6.12 6.05 25.73
MDT
Medtronic PLC
4.20 5.69% 77.95 26.60 15.87 3.35 2.08 3.90 14.12
BSX
Boston Scientific Corp
0.01 0.02% 47.69 31.49 17.24 4.41 3.65 4.88 19.19

Reports Covered

Stock Research & News

Profile

IRIDEX Corporation, an ophthalmic medical technology company, provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat sight-threatening eye diseases in ophthalmology. It offers laser consoles, such as Cyclo G6 laser system for use in the treatment of glaucoma; IQ 532 and IQ 577 laser systems, which are used for the treatment of retinal disorders; and OcuLight TX, OcuLight SL, OcuLight SLx, OcuLight GL, and OcuLight GLx laser photocoagulation systems that are used to treat proliferative diabetic retinopathy, macular holes, retinal tears, and detachments. The company also provides delivery devices, including TxCell scanning laser delivery system that allows the physician to perform multi-spot pattern scanning; slit lamp adapter, which allows the physician to utilize a standard slit lamp in diagnosis and treatment procedures; and laser indirect ophthalmoscope for use in procedures to treat peripheral retinal disorders. It offers MicroPulse P3 Probe, which is used with its Cylco G6 laser system to perform MicroPulse transscleral laser therapy; G-Probe, which is used in procedures to treat uncontrolled glaucoma; G-Probe and G-Probe Illuminate, which are used in procedures to treat refractory glaucoma; and EndoProbe family of products for use in vitrectomy procedures. The company serves ophthalmologists, research and teaching hospitals, government installations, surgical centers, hospitals, veterinary practices, and office clinics. It markets its products through direct and independent sales force in the United States, as well as through independent distributors internationally. The company was formerly known as IRIS Medical Instruments, Inc. and changed its name to IRIDEX Corporation in November 1995. IRIDEX Corporation was incorporated in 1989 and is headquartered in Mountain View, California.

IRIDEX Corporation

1212 Terra Bella Avenue, Mountain View, CA, United States, 94043

Key Executives

Name Title Year Born
Mr. David I. Bruce Pres, CEO & Director 1959
Mr. Fuad Ahmad Interim Chief Financial Officer 1970
Mr. Patrick Mercer Chief Operating Officer 1972
Ms. Leigh Salvo Head of Investor Relations NA
Mr. David I. Bruce President, CEO & Director 1959

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