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Iridex Earnings Hold Steady in Second Quarter

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Iridex Corp. earnings were relatively stable and revenue climbed 15 percent in the second quarter as the company continues to promote its laser eye treatment product. Revenues were $10.6 million, compared to $9.2 million in the second quarter of 2013. Net income was $300,000, compared to net income in last year's second quarter of $400,000. The company expects revenue of $10 million to $10.3 million, representing growth of 5 percent to 8 percent over last year’s third quarter. Iridex CEO Will Moore said sales were strong for MicroPulse, a laser system for treating...Read full article

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