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Iridex reports record $9.5M revenue for Q3 2013

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Ophthalmic-laser maker Iridex Corp. of Mountain View, Calif., reported record revenue for the third quarter of 2013, which ended Sept. 28. Its revenues for this period were $9.5 million, up 21 percent from $7.9 million in the third quarter of 2012 – and up sequentially from $9.2 million in the second quarter of 2013. Operating income was $0.7 million, compared with an operating loss of $0.6 million for the same period in 2012. Net income from continuing operations was $0.5 million, or 5 cents per diluted share, for the third quarter of 2013, compared with a net loss of $0.6 million, or a loss of 6 cents per diluted share, in the third quarter of 2012. Iridex expects to achieve revenue between $10.2 million and $10.5 million in the fourth quarter, which would represent 11-14 percent growth over the same quarter in 2012.
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Published: December 2013
Glossary
ophthalmology
Ophthalmology is a branch of medicine that focuses on the anatomy, physiology, and diseases of the eyes and visual system. Ophthalmologists are medical doctors who specialize in the diagnosis, treatment, and prevention of eye disorders and diseases. They are trained to provide comprehensive eye care, including medical, surgical, and optical interventions. Key areas within ophthalmology include: General eye care: Ophthalmologists perform routine eye examinations to assess visual acuity,...
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