Iridex Q1 preliminary revenue flat at ~$11.8-12.0M; probe volumes up 4.5% YoY

IRIDEX CORP

2025-Q1 EPS reported -$0.10 revenue$11,896,000

Total revenue expected $11.8M-$12.0M vs $11.8M in Q1 2024.
Cyclo G6 probe sales rose to ~13,900 units (+4.5% YoY); laser systems 24 vs 22.
Cash and equivalents $7.2M as of March 29, 2025.
CEO cites business stabilization and improved financials after Novel strategic investment; aims for breakeven at historical revenue levels; investor call April 16.

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