{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-059624","form_type":"8-K","ticker":"IRIX","cik":"0001006045","company_name":"IRIDEX CORP","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.841390+00:00","generated_at":"2026-06-02T00:06:24.368143+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Iridex Q1 revenue down 14% to $11.8M; net loss widens; strategic review ongoing after deal collapse","bullets":["Q1 revenue $11.8M vs $13.7M YoY; net loss $3.5M ($0.21/share) vs $2.1M ($0.13/share).","Cyclo G6 revenue $3.0M (down 19% YoY); system sales fell to 22 units from 61.","Retina product revenue $6.8M, down 6% YoY; gross margin contracted to 37.9% from 43.3%.","Cash $5.4M as of March 30, 2024; used $1.6M in the quarter.","First expected asset sale terminated; strategic review continues with multiple parties on product lines or whole company."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-059624","json":"https://secwatch.observer/filing/0000950170-24-059624.json","markdown":"https://secwatch.observer/filing/0000950170-24-059624.md","text":"https://secwatch.observer/filing/0000950170-24-059624.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1006045/000095017024059624/0000950170-24-059624-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1006045/000095017024059624/irix-20240514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T00:06:24.368143+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":"9670356f9343ea460b167dedc28cd9519ec42350","claim":"IRIDEX CORP reported first quarter ended March 30, 2024 results: revenue $11.8 million, net income $3.5 million, EPS $0.21 per share.","evidence_excerpt":"today reported financial results for the first quarter ended March 30, 2024, and provided a business update. First Quarter 2024 Financial Highlights • Generated total revenue of $11.8 million, compared to $13.7 million in the prior year period • Cyclo G6® product family revenue in the first quarter of $3.0 million, compared to $3.7 million in the prior year period o","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1006045/000095017024059624/0000950170-24-059624-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 30, 2024"},{"label":"Revenue","value":"$11.8 million"},{"label":"Net income","value":"$3.5 million"},{"label":"EPS","value":"$0.21 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"}