Iridex's Strategic Review Process Should Bear Fruit 'Soon' [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
Company Research
Source: Seeking Alpha
The company is likely to sell its retina business line and potentially parse it out in more than one transaction "soon." The glaucoma business line is highly promising but likely needs to be in the hands of a bigger company to reach its full potential. The entire business may be worth double the current share prices, in line with what Topcon paid three years ago to acquire a 10% stake. Iridex Corporation ( NASDAQ: IRIX ), a global leader in ophthalmic medical technology for the treatment of retinal and glaucoma diseases, announced last year that they had begun a "strategic review" to "unlock shareholder value." Shares of the company rallied after that announcement, reaching a high of over $3.00/share in mid-October 2023. However, the stock took a hit when the company filed an 8-K with the SEC, in which they expressed concern about the reimbursement of a certain procedure and, consequently, withdrew their FY23 guidance. The stock quickly dropped back to the $1.70/share region. F
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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 Co. (NASDAQ: IRIX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- 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