{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-041340","form_type":"8-K","ticker":"IRIX","cik":"0001006045","company_name":"IRIDEX CORP","filed_at":"2023-08-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.840892+00:00","generated_at":"2026-06-11T16:10:54.182004+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"IRIDEX Q2 revenue down 7% to $12.9M; net loss widens; FY2023 guidance narrowed","bullets":["Q2 revenue $12.9M, -7% YoY; Cyclo G6 product revenue up 5% to $3.7M.","Retina product revenue down 9% to $6.9M; royalty revenue fell $0.4M on patent expirations.","Net loss $2.8M ($0.17/share) vs $2.2M ($0.14) in prior year; gross margin 41.7%.","FY2023 guidance: total revenue $55-57M (flat to +3% adj.), Cyclo G6 probes 61k-63k units.","Cash $9.8M; quarterly cash burn improved to $1.2M from $2.9M in Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-041340","json":"https://secwatch.observer/filing/0000950170-23-041340.json","markdown":"https://secwatch.observer/filing/0000950170-23-041340.md","text":"https://secwatch.observer/filing/0000950170-23-041340.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1006045/000095017023041340/0000950170-23-041340-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1006045/000095017023041340/irix-20230810.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T16:10:54.182004+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7bcac85a9c623d7aad79af62c278af05ef3cc1a9","claim":"IRIDEX CORP reported full year 2023 results: revenue $55 million to $57 million. Guidance lowered.","evidence_excerpt":"With lower than expected probe unit sales growth and capital equipment softness in the first half of the year , the Company is updating its full year 2023 expectations as follows: Cyclo G6 probe sales of 61,000 to 63,000 units representing approximately 1% to 5% growth over 2022 and Cyclo G6 systems installed base expansion of 210 to 230 systems. Total revenue for the full year is expected to be $55 million to $57 million, representing flat to 3% growth year-over-year, after adjusting for approximately $1.5 million reduction in royalty revenue.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1006045/000095017023041340/0000950170-23-041340-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Revenue","value":"$55 million to $57 million"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"e50a5b5f8b67f1aa99532b66e10f3e1492517c57","claim":"IRIDEX CORP reported second quarter ended July 1, 2023 results: net income $2.8 million, EPS $0.17 per share.","evidence_excerpt":"Revenue for the three months ended July 1, 2023 was $12.9 million compared to $13.8 million during the same period of the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1006045/000095017023041340/0000950170-23-041340-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended July 1, 2023"},{"label":"Net income","value":"$2.8 million"},{"label":"EPS","value":"$0.17 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e50a5b5f8b67f1aa99532b66e10f3e1492517c57","claim":"IRIDEX CORP reported second quarter ended July 1, 2023 results: net income $2.8 million, EPS $0.17 per share.","evidence_excerpt":"Net loss for the second quarter of 2023 was $2.8 million, or $0.17 per share, compared to a net loss of $2.2 million, or $0.14 per share, in the same period of the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1006045/000095017023041340/0000950170-23-041340-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended July 1, 2023"},{"label":"Net income","value":"$2.8 million"},{"label":"EPS","value":"$0.17 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}