IRIDEX Corporation's (NASDAQ:IRIX) Shift From Loss To Profit [Yahoo! Finance News]
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: Yahoo! Finance News
IRIDEX Corporation's NASDAQ:IRIX See our latest analysis for IRIDEX IRIX is bordering on breakeven, according to the 2 Medical Equipment analysts. They expect the company to post a final loss in 2021, before turning a profit of US$2.0m in 2022. Therefore, IRIX is expected to breakeven roughly 3 years from now. What rate will IRIX have to grow year-on-year in order to breakeven on this date? Using a line of best fit, I calculated an average annual growth rate of 57%, which is extremely buoyant. If this rate turns out to be too aggressive, IRIX may become profitable much later than analysts predict. I’m not going to go through company-specific developments for IRIX given that this is a high-level summary, however, keep in mind that typically a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. One thing I’d like to point out is that IRIX has no debt on its balance sheet, which is quite unusual for a cash-burning loss-making, growth co
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IRIX
News
- 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's Strategic Review Process Should Bear Fruit 'Soon' [Seeking Alpha]Seeking Alpha
- IRIDEX Corporation (NASDAQ:IRIX) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
IRIX
Earnings
- 3/26/24 - Miss
IRIX
Sec Filings
- 3/29/24 - Form 10-K
- 3/26/24 - Form 8-K
- IRIX's page on the SEC website