IRIDEX Corporation IRIX
- Market cap
- $11.1M
- P/E
- 0.0×
Follow IRIX
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7.50 | 7.43 | 3.72 | 1.50 | 1.22 | 2.13 | 1.96 | 1.31 | 1.27 | 0.78 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| 16.64 | 16.37 | 9.48 | 5.69 | 4.24 | 9.71 | 6.48 | 3.48 | 3.65 | 1.87 |
High Price
|
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| 121 | 116 | 114 | 94 | 89 | 119 | 130 | 111 | 93 | 93 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
Revenue/Emp
|
|||
| 46 | 42 | 43 | 43 | 36 | 54 | 57 | 52 | 49 | 53 |
Revenue
|
|||
| 45.15% | 37.27% | 41.01% | 41.29% | 42.80% | 42.36% | 44.53% | 42.04% | 40.07% | 36.50% |
Gross Margin
|
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| (3) | (13) | (13) | (9) | (6) | (5) | (7) | (9) | (9) | (4) |
EBT
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| (5.75%) | (31.24%) | (29.99%) | (20.17%) | (17.34%) | (9.62%) | (13.13%) | (18.28%) | (18.17%) | (8.32%) |
EBT Margin
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| (12) | (13) | (13) | (9) | (6) | (5) | (8) | (10) | (9) | (4) |
Net Income
|
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| 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 2 | 2 |
Depreciation
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| 4.54 | 3.60 | 3.49 | 3.17 | 2.63 | 3.50 | 3.57 | 3.22 | 2.96 | 3.11 |
Revenue/Sh
|
|||
| (1.15) | (1.11) | (1.05) | (0.64) | (0.46) | (0.34) | (0.47) | (0.59) | (0.54) | (0.26) |
Earnings/Sh
|
|||
| (0.01) | (0.31) | (0.82) | (0.58) | (0.23) | 0.53 | (0.60) | (0.42) | (0.44) | (0.12) |
Cash Flow/Sh
|
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| (0.10) | (0.03) | (0.04) | (0.01) | (0.01) | (0.01) | (0.02) | (0.01) | 0.00 | (0.01) |
Capex/Sh
|
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| (0.12) | (0.34) | (0.86) | (0.59) | (0.24) | 0.52 | (0.62) | (0.42) | (0.44) | (0.13) |
Free CF/Sh
|
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| 3.85 | 2.64 | 2.46 | 1.66 | 1.25 | 1.51 | 1.08 | 0.59 | 0.13 | 0.29 |
Book Value/Sh
|
|||
| 10 | 12 | 12 | 14 | 14 | 15 | 16 | 16 | 16 | 17 |
Shares
|
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| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
PE Ratio
|
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| 3.05 | 2.21 | 1.35 | 0.70 | 0.96 | 1.75 | 0.58 | 0.89 | 0.57 | 0.37 |
PS Ratio
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| 3.60 | 3.01 | 1.91 | 1.35 | 2.00 | 4.04 | 1.91 | 4.86 | 13.17 | 0.00 |
PB Ratio
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| 2.54 | 1.69 | 0.85 | 0.49 | 0.70 | 1.35 | 0.36 | 0.81 | 0.57 | 0.36 |
EV/Sales
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| (97.14) | (16.97) | (3.45) | (2.63) | (7.69) | 9.12 | (2.11) | (6.15) | (3.83) | (8.30) |
EV/FCF
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| 0 | (4) | (10) | (8) | (3) | 8 | (10) | (7) | (7) | (2) |
Op' Cash Flow
|
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| (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Capex
|
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| (1) | (4) | (10) | (8) | (3) | 8 | (10) | (7) | (7) | (2) |
FCF
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| 38 | 29 | 29 | 21 | 17 | 30 | 23 | 14 | 7 | 12 |
Working Cap'
|
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| — | — | — | 3 | 2 | 3 | 2 | — | 3 | 4 |
Total Debt
|
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| (24) | (22) | (21) | (9) | (9) | (21) | (12) | (7) | 0 | (2) |
Net Debt
|
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| 39 | 31 | 30 | 23 | 17 | 23 | 17 | 10 | 2 | 5 |
Sh' Equity
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| (26.04%) | (28.66%) | (30.76%) | (23.05%) | (20.16%) | (13.63%) | (16.59%) | (24.95%) | (28.03%) | (15.22%) |
ROA
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| (10.40%) | (91.38%) | (91.74%) | (42.30%) | (49.95%) | (223.88%) | (92.83%) | (251.38%) | (211.96%) | (61.12%) |
ROIC
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| (32.16%) | (36.93%) | (42.37%) | (33.47%) | (31.59%) | (25.70%) | (37.24%) | (71.54%) | (153.37%) | (870.85%) |
ROE
|
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IRIDEX Corporation peers in Medical Devices
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| PMI Flag Ship Acquisition Corp | $11.1M | 0.2× | Compare |
| BTCY Biotricity Inc. | $10.9M | 0.0× | Compare |
| BMRA Biomerica, Inc. | $11.3M | 0.0× | Compare |
| AEMD Aethlon Medical, Inc. | $10.4M | 0.0× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| NMTC NeuroOne Medical Technologies Corporation | $12.1M | 0.0× | Compare |
| SINT SINTX TECHNOLOGIES, INC. | $12.5M | 0.0× | Compare |
| PETV PetVivo Holdings, Inc. | $12.9M | 0.0× | Compare |
| CTSO Cytosorbents Corporation | $13.6M | 0.0× | Compare |
IRIDEX Corporation (IRIX) key facts
- IRIDEX Corporation (IRIX) is a Medical Devices company in the Healthcare sector, listed on Nasdaq.
- IRIDEX Corporation’s revenue for fiscal 2025 (year ended December 2025) was $52.7 million, up 8.23% from fiscal 2024.
- IRIDEX Corporation reported a net loss of $4.4 million, or a loss of $0.26 per share, for fiscal 2025.
- As of September 25, 2026, IRIX traded at $0.63, a market capitalization of $11.1 million.
- Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.2× sales.
- Return on equity was −870.9% and debt-to-equity 1.04.
IRIDEX Corporation (IRIX) Latest News
25 Aug
IRIDEX Corporation held its Q2 2026 earnings call, covering quarterly financial results, operational updates, and forward-looking guidance for the company. Quarterly earnings calls deliver performance data and outlook that moderately sway near-term investor sentiment and stock movement.
IRIDEX Corporation's Q2 net loss widened year over year due to weakness in its retina segment, driving a 15% drop in its stock price. Widened quarterly losses tied to core retina weakness signal ongoing profitability pressure that can affect near-term results and sentiment.
19 Aug
IRIDEX Corp reported Q2 2026 results with Cyclo-G6 sales surging 35% and the company achieving its targets. 35% Cyclo-G6 growth in earnings report signals strong product demand that can materially lift revenue and investor outlook.
18 Aug
IRIDEX Corporation held its Q2 2026 earnings call covering financial results and operational updates. Earnings call details financial performance and guidance that can shift near-term stock sentiment.
IRIDEX Corporation reported its second quarter 2026 financial results. Quarterly earnings updates deliver performance data that can shift near-term investor views and stock movement.
20 May
IRIDEX Corporation addressed Q1 2026 results in its earnings call, outlining strategic steps to manage operational challenges, sustain revenue streams, and advance product development amid competitive pressures in ophthalmic devices. Earnings call details strategic responses to near-term pressures that moderately shape financial performance and positioning but do not signal major trajectory changes.
19 May
IRIDEX Corporation reported Q1 2026 financial results during its earnings call, including revenue, net loss, and operational updates with forward-looking commentary on product strategy and market position. Quarterly earnings data and guidance provide moderate influence on near-term stock sentiment and operational outlook for IRIDEX.
Iridex Corporation reported financial results for the first quarter of 2026. Quarterly financial results typically influence near-term investor sentiment and stock valuation for IRIDEX Corporation.
7 Apr
IRIDEX Corporation announced a new partnership with EyeProGPO to expand member access to its retina laser technology. Partnership broadens distribution of core retina laser products via GPO members, offering moderate sales growth potential without fundamentally altering trajectory.
1 Apr
Iridex's Q4 loss narrowed year-over-year, driven by growth in retina sales. Narrower Q4 loss from retina sales growth improves financial performance and sentiment but does not alter long-term trajectory.
IRIDEX Corporation's Q4 loss narrowed year-over-year, driven by growth in retina sales. Narrower Q4 loss from retina sales growth moderately improves financial performance amid ongoing losses.
26 Mar
IRIDEX (IRIX) Q4 2025 earnings call transcript details quarterly financial results, operational updates, and management outlook for the ophthalmology laser systems company. Q4 earnings transcript discloses full-year financials, revenue guidance, and strategic initiatives that directly shape investor expectations and stock trajectory.
IRIDEX Corporation released its Q4 earnings snapshot, detailing key financial metrics for the quarter. Q4 earnings snapshots reveal critical financial results that significantly impact IRIX stock performance and future outlook.
Iridex Corporation reported fourth quarter and full-year 2025 financial results. Quarterly and annual financial results disclosure typically drives significant shifts in stock price and investor perceptions of future performance.
IRIDEX Corporation (IRIX) released Q4 2025 earnings call summary detailing quarterly financial results, operational highlights, and forward guidance. Q4 earnings call summary affects key financial metrics and market sentiment but is tempered by broader industry factors.
2 Feb
Iridex Corporation (IRIX) has announced plans to relocate its headquarters to a new facility in California. The move aims to enhance operational efficiency and support the company's growth strategy. The new location is expected to provide improved infrastructure and resources, aligning with Iridex's focus on innovation in the ophthalmic laser market. The transition is anticipated to be completed within the next year, with the company emphasizing its commitment to maintaining its workforce during the relocation process. The relocation of headquarters is expected to moderately influence operational efficiency and growth potential.
12 Jan
Iridex Corporation (IRIX) reported preliminary operational and financial results for the fourth quarter and full year of 2025, highlighting significant growth in revenue and improvements in operational efficiency. The company attributed its success to increased demand for its ophthalmic products and advancements in technology. Management expressed optimism about future prospects, citing ongoing product development and market expansion efforts. The results indicate a positive trajectory for the company as it navigates the competitive landscape in the medical device sector. Significant growth in revenue and operational efficiency indicates a strong future outlook for the company.
2 Jan
Zacks Investment Research has initiated coverage of Iridex Corporation (IRIX) with a neutral recommendation. The report highlights the company's current market position and potential growth opportunities, while also noting some challenges it may face in the competitive landscape. Investors are advised to consider these factors when evaluating IRIDEX's stock. The neutral recommendation indicates a moderately noticeable influence on market sentiment and investor decisions regarding IRIDEX's future performance.
11 Dec
Iridex Corporation announced the publication of an independent study that demonstrates the safety and effectiveness of retreatment using Transscleral Laser Treatment with MicroPulse® Technology for glaucoma management. The study highlights the potential benefits of this technology in improving patient outcomes and managing glaucoma effectively. The publication of a positive independent study could significantly enhance Iridex's market position and investor sentiment regarding its glaucoma treatment technology.
8 Dec
Iridex Corporation announced a new thermal dynamics study that enhances the clinical foundation and market potential of its MicroPulse® technology and continuous-wave laser for glaucoma treatment. The study's findings are expected to strengthen the company's position in the glaucoma treatment market, potentially leading to increased adoption of its innovative technologies. The study's findings could significantly enhance the company's competitive positioning and market dynamics in glaucoma treatment.
12 Nov
IRIDEX Corporation reported strong revenue growth in Q3 2025, driven by strategic cost management initiatives. The company highlighted its focus on enhancing operational efficiency and expanding its product offerings, which contributed to improved financial performance. Management expressed optimism about future growth prospects and ongoing investments in innovation. Strategic cost management and revenue growth initiatives are likely to significantly impact the company's future performance and investor sentiment.
11 Nov
Iridex Corporation reported its financial results for the third quarter of 2025, highlighting significant revenue growth and improved profitability compared to the previous year. The company attributed this success to increased demand for its ophthalmic laser systems and a strong performance in its product segments. Additionally, management provided guidance for the upcoming quarter, indicating continued optimism about market conditions and product innovation. Overall, the results reflect a positive trajectory for Iridex as it navigates the competitive landscape in the medical device industry. Significant revenue growth and improved profitability indicate a strong market position and potential for future expansion.
Iridex Corporation reported its Q3 earnings, highlighting a revenue increase compared to the previous year. The company attributed this growth to strong demand for its ophthalmic products and successful market strategies. Despite challenges in the supply chain, Iridex remains optimistic about future performance and continues to invest in product development. The earnings report reflects a positive outlook for the company as it navigates market dynamics. The revenue growth and positive outlook indicate a moderately noticeable influence on financial performance and market sentiment.
9 Sep
Iridex Corporation has received formal notification from Nasdaq confirming its compliance with listing requirements. This notification follows the company's efforts to meet the necessary standards for continued listing on the exchange, ensuring its shares remain publicly traded. Compliance with Nasdaq listing requirements is crucial for maintaining investor confidence and market presence.
13 Aug
IRIDEX Corporation reported strong revenue growth in Q2 2025, despite facing cost challenges. The company's performance highlights its resilience in a competitive market, showcasing effective strategies to drive sales while managing expenses. Investors are encouraged by the positive financial results, which indicate a solid operational foundation. Strong revenue growth amidst cost challenges suggests significant strategic moves that could alter the company's trajectory.
12 Aug
Iridex Corporation reported its financial results for the second quarter of 2025, highlighting key metrics such as revenue growth and net income. The company experienced an increase in sales driven by strong demand for its ophthalmic products. Additionally, operational efficiencies contributed to improved margins. Management provided guidance for the upcoming quarters, indicating optimism about future performance and market opportunities. The report reflects a positive trajectory for Iridex amid competitive pressures in the medical device sector. The financial results indicate significant revenue growth and operational improvements that could enhance investor sentiment and market positioning.
Iridex Corporation reported its Q2 earnings, highlighting a revenue increase driven by strong demand for its ophthalmic products. The company noted improvements in gross margins and a reduction in operating losses compared to the previous year. Management expressed optimism about future growth prospects, citing ongoing product development and expansion into new markets. However, challenges such as supply chain disruptions and competitive pressures were acknowledged. Overall, the financial results indicate a positive trend for Iridex, positioning the company for potential future success. The earnings report reflects moderate improvements in financial performance and growth potential, but challenges remain.
24 Jun
Iridex Corporation announced the enrollment of the first patient in the DAME Trial, an independent study evaluating the efficacy of MicroPulse technology as an adjunct to anti-VEGF therapy for severe diabetic macular edema (DME). Led by Professor Noemi Lois, the trial aims to enroll 264 participants across the UK and assess the potential benefits of combining MicroPulse treatments with existing anti-VEGF therapies. The study seeks to reduce the frequency of anti-VEGF injections, thereby minimizing patient burden and healthcare costs. Iridex's MicroPulse technology is expected to play a crucial role in this trial, which is funded by the National Institute for Health Research. The DAME Trial could significantly alter treatment protocols for DME, impacting Iridex's market position and financial performance.
14 May
IRIDEX Corp (NASDAQ:IRIX) reported Q1 2025 revenue of $11.9 million, slightly up from the previous year, with a positive adjusted EBITDA of $0.4 million. The Cyclo G6 glaucoma product family saw an 8% revenue increase, while retina product revenue declined by 3%. The company reduced operating expenses by $2.5 million and received a $10 million strategic investment from Novel Inspiration. Despite these positives, IRIDEX reported a net loss of $1.7 million and faced challenges with Pascal system sales and service issues in the GMBH region. CEO Patrick Mercer highlighted plans for product portfolio expansion and achieving cash flow break-even this year. Revenue growth and strategic investments indicate a moderately noticeable influence on future performance.
13 May
Iridex Corporation reported first quarter 2025 financial results, with total revenue of $11.9 million, a slight increase from $11.8 million in Q1 2024. The Cyclo G6 product family revenue rose 8% to $3.2 million, while retina product revenue decreased to $6.6 million. Operating expenses were reduced by 32%, leading to an adjusted EBITDA of $0.4 million, a significant improvement from a loss of $2.5 million in the prior year. The company strengthened its balance sheet with a $10 million investment, resulting in cash and cash equivalents of $7.2 million. Management aims for cash flow breakeven and positive adjusted EBITDA in 2025. The strategic investment and operational improvements indicate a significant shift in the company's trajectory and potential market performance.