We're Keeping An Eye On IRIDEX's (NASDAQ:IRIX) Cash Burn Rate [Yahoo! Finance]
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
listing, if you had bought and held the shares since 1999, you would have made a fortune. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. Given this risk, we thought we'd take a look at whether IRIDEX NASDAQ:IRIX ) shareholders should be worried about its cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. Check out our latest analysis for IRIDEX When Might IRIDEX Run Out Of Money? A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. As at September 2023, IRIDEX had cash of US$8.0m and no debt. Importantly, its cash burn was US$7.6m over the trailing twelve months. Therefore, from September 2023 it had roughly 13
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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 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