IRIX - IRIDEX GAAP EPS of -$0.07 beats by $0.04 revenue of $15.2M beats by $0.04M
2023-03-09 16:15:19 ET
- IRIDEX press release ( NASDAQ: IRIX ): Q4 GAAP EPS of -$0.07 beats by $0.04 .
- Revenue of $15.2M (-0.3% Y/Y) beats by $0.04M .
- Retina product revenue decreased 11% year-over-year to $8.1 million
- Iridex projects Cyclo G6 probe sales of 65,000 to 67,000 representing approximately 9% to 12% growth over 2022 and to expand the Cyclo G6 systems installed base by 225 to 250 systems.
- Total revenue for the full year is expected to be $57 million to $59 million. 2023 total revenue guidance represents growth of approximately 3% to 6% after adjusting for an approximate $1.5 million reduction of Other Revenue royalty income resulting from the expiration of licensed patents.
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IRIDEX GAAP EPS of -$0.07 beats by $0.04, revenue of $15.2M beats by $0.04M