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Iridex Revenues Dip in 2015

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Iridex Corp. has reported 2015 full-year operating incoming of $0.3 million, compared to $2.6 million for the full year 2014. The decline in operating income for the year was due primarily to both lower revenues and gross margin, and increased operating expenses of $0.8 million, the company said. For the full year 2015, revenues were $41.8 million compared to $42.8 million for the full year 2014. The company reported that full-year revenues were negatively impacted by supply chain issues that forced the company to slow shipments of laser systems throughout the second and third quarters...Read full article

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