Iridex Corp Reports Results For The Quarter Ended In June: Earnings Summary

IRIDEX

12/08/2021 23:24

* IRIDEX Corp  IRIX.OQ  reported a quarterly adjusted loss of 7
cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for a loss of 15
cents per share.
* Revenue rose 115.9% to $13.43 million from a year ago; 
analysts expected $11.61 million. 
* IRIDEX Corp's reported EPS for the quarter was 9 cents​.
* The mean earnings estimate of analysts was unchanged in the
last three months.​ 
* In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
* IRIDEX Corp shares had fallen by 6.9% this quarter and
gained 161.8% so far this year.
* The company reported quarterly net income of $1.39 million.
* Wall Street's median 12-month price target for IRIDEX Corp is
$10.50 
* The current average analyst rating on the shares is "strong
buy" and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
This summary was machine generated August 12 at 10:24 p.m.  ​All
figures in US dollars unless otherwise stated