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IRIDEX Announces Second Quarter 2020 Financial Results

IRIDEX Corporation (IRIX) 
Last iridex corporation earnings: 3/12 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
MOUNTAIN VIEW, Calif., Aug. 06, 2020 (GLOBE NEWSWIRE) -- IRIDEX Corporation (Nasdaq: IRIX) today reported financial results for the second quarter ended June 27, 2020. Second Quarter Summary Total revenue declined 40% to $6.2 million versus $10.4 million in the prior year period Cost control measures limited net loss to $2.8m, a 15% increase compared to $2.4 million during the same period in the prior yearApril experienced the low point for revenue, with a steady increase during the rest of the quarter Cyclo G6® product family revenue was $2.1 million versus $3.4 million in the prior year period Shipped 7,866 Cyclo G6 probes and 42 Cyclo G6 Glaucoma Laser SystemsCyclo G6 probe shipments in June exceeded 80% of pre-COVID levels Ending cash balance was $11.6 million, an increase of approximately $500,000 from March 28, 2020 Commenting on the quarter, David I. Bruce, President and CEO of IRIDEX, said, "The worldwide suspension of non-urgent procedures for parts of the first and seco Show less Read more
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