secwatch.observer — SEC 8-K summary
======================================

Issuer:     IRIDEX CORP (IRIX)
CIK:        0001006045
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000950170-24-093966
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1006045/000095017024093966/0000950170-24-093966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1006045/000095017024093966/irix-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-093966

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer