---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-021241"
form_type: "8-K"
ticker: "IRIX"
cik: "0001006045"
company_name: "IRIDEX CORP"
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T03:18:27.140963+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Iridex Q1 2023 revenue $13.7M (+2% YoY), net loss narrows to $2.1M

## Summary
- Cyclo G6 revenue $3.7M (+4% YoY); 61 systems sold vs 56 a year ago.
- Retina product revenue flat at $7.2M; gross margin fell to 43.3% from 44.6%.
- Net loss of $2.1M ($0.13/sh) vs $2.4M ($0.15/sh); cash $11.0M.
- FY2023 guidance reaffirmed: revenue $57-59M, Cyclo G6 probes 65k-67k.
- FDA clearance received in February for new single-spot 532/577 laser platform.

## SEC filing metadata
- accession: 0000950170-23-021241
- form_type: 8-K
- ticker: IRIX
- cik: 0001006045
- company_name: IRIDEX CORP
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006045/000095017023021241/0000950170-23-021241-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006045/000095017023021241/irix-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-021241
- JSON: https://secwatch.observer/filing/0000950170-23-021241.json
- Plain text: https://secwatch.observer/filing/0000950170-23-021241.txt

## Key facts
- Earnings Releases
  IRIDEX CORP reported first quarter ended April 1, 2023 results: revenue $13.7 million, net income $2.1 million, EPS $0.13 per share.
  - Period: first quarter ended April 1, 2023
  - Revenue: $13.7 million
  - Net income: $2.1 million
  - EPS: $0.13 per share
  - Result: reported results
  source text: Revenue for the three months ended April 1, 2023 was $13.7 million compared to $13.4 million during the same period of the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006045/000095017023021241/0000950170-23-021241-index.htm
- Earnings Releases
  IRIDEX CORP reported full year 2023 results: revenue $57 million to $59 million. Guidance reaffirmed.
  - Period: full year 2023
  - Revenue: $57 million to $59 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Total revenue for the full year is expected to be $57 million to $59 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006045/000095017023021241/0000950170-23-021241-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.