---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-277598"
form_type: "8-K"
ticker: "IRIX"
cik: "0001006045"
company_name: "IRIDEX CORP"
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T20:46:58.171820+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Iridex Q3 revenue $12.5M (+8% YoY); expects positive adjusted EBITDA in FY2025

## Summary
- Total revenue $12.5M (+8% YoY); Cyclo G6 revenue $3.5M (+13%); Retina revenue $6.7M (+4%).
- Gross margin 32.1% down 520 bps due to one-time $0.8M inventory write-down; operating expenses down 12%.
- Net loss $1.6M ($0.09 per share) vs $1.9M ($0.12) prior year; adjusted EBITDA loss improved to $0.1M from $1.4M.
- Cash $5.6M, down $1.2M in quarter; guidance: cash flow breakeven in Q4 and positive adjusted EBITDA for full year 2025.

## SEC filing metadata
- accession: 0001193125-25-277598
- form_type: 8-K
- ticker: IRIX
- cik: 0001006045
- company_name: IRIDEX CORP
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006045/000119312525277598/0001193125-25-277598-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006045/000119312525277598/irix-20251111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-277598
- JSON: https://secwatch.observer/filing/0001193125-25-277598.json
- Plain text: https://secwatch.observer/filing/0001193125-25-277598.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.