Iridex Q2 revenue flat at $12.6M; net loss $2.7M; raises $3.4M via convertible note

IRIDEX CORP

2024-Q2 EPS reported -$0.38 revenue$24,392,000

Q2 revenue $12.6M, flat YoY; net loss $2.7M ($0.16 EPS) vs $2.8M loss in prior year.
Cyclo G6 probe sales up 14% sequentially to 15,100 units; Retina revenue $7.3M, +6% YoY.
Cash $4.1M at quarter end; net cash burn $1.3M in Q2.
Closed $3.4M convertible note with Lind Partners on Aug 7; strengthens liquidity.
Strategic review ongoing; CEO expects transaction within fiscal year.

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