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

IRIDEX

12/05/2021 24:12

* IRIDEX Corp  IRIX.OQ  reported a quarterly adjusted loss of 14
cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for a loss of 14
cents per share.
* Revenue rose 32.6% to $11.96 million from a year ago; 
analysts expected $9.90 million. 
* IRIDEX Corp's reported EPS for the quarter was a loss of 14
cents​.
* The mean earnings estimate of analysts had fallen by about 12%
in the last three months.​ 
* In the last 30 days one analyst negatively revised an earnings
estimate 
* IRIDEX Corp shares had risen by 10.8% this quarter and
gained 198.0% so far this year.
* The company reported a quarterly loss of $2.01 million.
* Wall Street's median 12-month price target for IRIDEX Corp is
$9.50 
* 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 May 11 at 11:12 p.m. GMT.
​All figures in US dollars