Iridex Corporation: Deserves More Patience Given Shift In Commercial Strategy And Aggressive Cost Cutting [Seeking Alpha]
IRIDEX Corporation (IRIX)
Last iridex corporation earnings: 3/12 04:05 pm
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US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=112360&p=irol-irhome
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Source: Seeking Alpha
SummaryOur original call did not play out, but we think we were just too early.The shift towards increasing probe utilization is the right move, but more time is needed for results to show.Management was doing an excellent job managing expenses even before COVID-19, and this will buy them some extra time to see if the new commercial strategy works.It has been almost two years since our original article on IRIDEX Corporation (IRIXIRIX is a small medtech company that offers laser-based products for use in the field of optometry. Our original thesis had depended on the legacy product lines (used to treat retinal diseases) continuing to bring in about $30M annually, give or take. This part of the thesis has played out.The other part of the thesis was that the new CYCLO G6 glaucoma laser system would see a nice ramp-up in the installed base, as well as a corresponding increase in probe utilization, which would lead to a nice recurring revenue stream.Unfortunately, sales of G6 laser systems
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IRIX
News
- Iridex to Report First Quarter 2024 Financial Results on May 14, 2024GlobeNewswire
- IRIDEX Co. (NASDAQ: IRIX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- IRIDEX Co. (NASDAQ: IRIX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- IRIDEX Co. (NASDAQ: IRIX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- IRIDEX Co. (NASDAQ: IRIX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
IRIX
Earnings
- 3/26/24 - Miss
IRIX
Sec Filings
- 4/30/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- IRIX's page on the SEC website