IRIX - IRIDEX GAAP EPS of -$0.17 misses by $0.06 revenue of $12.9M misses by $1.33M
2023-08-10 16:09:59 ET
- IRIDEX press release ( NASDAQ: IRIX ): Q2 GAAP EPS of -$0.17 misses by $0.06 .
- Revenue of $12.9M (-6.5% Y/Y) misses by $1.33M .
- With lower than expected probe unit sales growth and capital equipment softness in the first half of the year, the Company is updating its full year 2023 expectations as follows: Cyclo G6 probe sales of 61,000 to 63,000 units representing approximately 1% to 5% growth over 2022 and Cyclo G6 systems installed base expansion of 210 to 230 systems.
- Total revenue for the full year is expected to be $55 million to $57 million, representing flat to 3% growth year-over-year, after adjusting for approximately $1.5 million reduction in royalty revenue.
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IRIDEX GAAP EPS of -$0.17 misses by $0.06, revenue of $12.9M misses by $1.33M