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

IRIDEX

10/08/2023 22:47

* IRIDEX Corp  IRIX.OQ  reported a quarterly adjusted loss
of 17
cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for a loss of 11
cents per share.
    * Revenue fell 6.5% to $12.86 million from a year ago;
analysts
expected $14.23 million. 
    * IRIDEX Corp's reported EPS for the quarter was a loss
of 17
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.8%
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 7.4% this quarter and
held
steady so far this year.
    * The company reported a quarterly loss of $2.77 million.
    * Wall Street's median 12-month price target for IRIDEX Corp
is
$4.63 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 09:47 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.11          -0.17          Missed
 Mar. 31 2023      -0.12          -0.13          Missed
 Dec. 31 2022      -0.11          -0.07          Beat
 Sep. 30 2022      -0.14          -0.11          Beat