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

IRIDEX

12/05/2022 22:47

* IRIDEX Corp  IRIX.OQ  reported a quarterly adjusted loss
of 15
cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for a loss of 16
cents per share.
    * Revenue rose 11.9% to $13.39 million from a year ago; 
analysts
expected $13.41 million. 
    * IRIDEX Corp's reported EPS for the quarter was a loss
of 15
cents​.
    * The mean earnings estimate of analysts had fallen by
about 45.5%
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 27.4% this quarter and
lost 45.0% so far this year.
    * The company reported a quarterly loss of $2.39 million.
    * Wall Street's median 12-month price target for IRIDEX Corp
is
$9.75 
    * 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 12 at 09:47 p.m.  ​All
figures in US dollars unless otherwise stated