Iridex reports flat Q4 revenue, record Cyclo G6 probe sales; FY revenue up 6%

IRIDEX CORP

2022-FY EPS reported -$0.47 revenue$56,972,000

Q4 revenue expected $15.1-15.3M, flat YoY; FY revenue $56.9-57.1M, up 6% from $53.9M in 2021.
Record 16,400 Cyclo G6 probes sold in Q4 (+8% YoY); FY total 59,800 probes (+2.7%).
Q4 system sales 78 units vs 90 prior year; FY 237 vs 243.
Cash $13.9M at year-end; operating cash used $1.2M Q4, $6.0M FY; $4M added to inventory for supply chain.
Results preliminary, subject to year-end audit completion.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IRIDEX CORP reported the full fiscal year ended December 31, 2022 results: revenue between $56.9 million and $57.1 million.

Period: the full fiscal year ended December 31, 2022
Revenue: between $56.9 million and $57.1 million
Result: preliminary results

Exact text from the filing

Total revenue is expected to be between $56.9 million and $57.1 million, with the midpoint representing growth of 6% compared to $53.9 million in 2021

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IRIDEX CORP reported the fourth fiscal quarter ended December 31, 2022 results: revenue between $15.1 million and $15.3 million.

Period: the fourth fiscal quarter ended December 31, 2022
Revenue: between $15.1 million and $15.3 million
Result: preliminary results

Exact text from the filing

Total revenue is expected to be between $15.1 million and $15.3 million, unchanged compared to last year's fourth quarter

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Source: SEC EDGAR

accession 0000950170-23-000620

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