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Stock impact report

IRIDEX Announces Preliminary Operational and Financial Results for Fourth Quarter and Full Year 2020

IRIDEX Corporation (IRIX) 
Last iridex corporation earnings: 3/12 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
MOUNTAIN VIEW, Calif., Jan. 11, 2021 (GLOBE NEWSWIRE) -- IRIDEX Corporation (Nasdaq: IRIX) today provided preliminary unaudited operational and financial results for the fourth quarter and full year ended January 2, 2021. Fourth Quarter 2020 Total revenue expected to be $12.2 million to $12.4 million, versus $11.8 million in the fourth quarter of 2019Cash and cash equivalents of approximately $11.6 million as of January 2, 2021, representing a net cash burn of $0.3 million in the fourth quarter, and $1.0 million for the full year 2020Sold 13,500 Cyclo G6® probes in the fourth quarter of 2020, slightly above the prior year quarter U.S. sales of Cyclo G6 probes increased by 8% compared to prior year fourth quarter, and set a new quarterly record, despite the continuing impacts of COVID-19 restrictions Sold 56 Cyclo G6 Glaucoma Laser Systems in the fourth quarter, compared to 105 in the prior year quarter, reflecting COVID-19 impact on capital equipment purchases outside the US, and Show less Read more
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