IRIDEX Corporation, an ophthalmic medical technology company, provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat sight-threatening eye diseases in ophthalmology. The company offers laser consoles, such as Cyclo G6 laser system for use in the treatment of glaucoma; IQ 532 and IQ 577 laser systems, which are used for the treatment of diabetic macular edema and other retinal diseases; and OcuLight TX, OcuLight SL, OcuLight SLx, OcuLight GL, and OcuLight GLx laser systems, which are used to treat proliferative diabetic retinopathy, macular holes, retinal tears, and detachments. It also provides delivery devices, including TxCell scanning laser delivery system that allows the physician to perform multi-spot pattern scanning; and slit lamp adapter, which allows the physician to utilize a standard slit lamp in diagnosis and treatment procedures. In addition, the company offers MicroPulse P3 Probe, which is used with its Cylco G6 laser system that delivers laser to treat glaucoma; G-Probe, which is used in procedures to treat uncontrolled glaucoma; G-Probe Illuminate and G-Probe Illuminate, which are used in procedures to treat refractory glaucoma; and EndoProbe family of products used in vitrectomy procedures. It serves ophthalmologists, research and teaching hospitals, government installations, surgical centers, hospitals, and office clinics. IRIDEX Corporation markets its products through direct and independent sales force in the United States, as well as through independent distributors internationally. The company was formerly known as IRIS Medical Instruments, Inc. and changed its name to IRIDEX Corporation in November 1995. IRIDEX Corporation was founded in 1989 and is headquartered in Mountain View, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Electromedical equipment
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:IRIX
Previous Symbol
CUSIPN/A
Phone650-940-4700
Debt
Debt-to-Equity RatioN/A
Current Ratio3.98
Quick Ratio3.14
Price-To-Earnings
Trailing P/E Ratio-4.38
Forward P/E Ratio-4.36
P/E GrowthN/A
Sales & Book Value
Annual Sales$41.59 million
Price / Sales1.55
Cash FlowN/A
Price / CashN/A
Book Value$2.64 per share
Price / Book1.80
Profitability
EPS (Most Recent Fiscal Year)($1.11)
Net Income$-12,860,000.00
Net Margins-36.52%
Return on Equity-52.65%
Return on Assets-38.38%
Miscellaneous
Employees116
Outstanding Shares13,590,000
Market Cap$66.61 million
OptionableNot Optionable
IRIDEX (NASDAQ:IRIX) Frequently Asked Questions
What is IRIDEX's stock symbol?
IRIDEX trades on the NASDAQ under the ticker symbol "IRIX."
How were IRIDEX's earnings last quarter?
IRIDEX Co. (NASDAQ:IRIX) posted its quarterly earnings data on Thursday, November, 1st. The medical equipment provider reported ($0.26) earnings per share for the quarter, beating analysts' consensus estimates of ($0.29) by $0.03. The medical equipment provider earned $11.32 million during the quarter, compared to analyst estimates of $9.64 million. IRIDEX had a negative net margin of 36.52% and a negative return on equity of 52.65%. View IRIDEX's Earnings History.
When is IRIDEX's next earnings date?
What price target have analysts set for IRIX?
2 equities research analysts have issued 1-year target prices for IRIDEX's stock. Their forecasts range from $9.00 to $10.00. On average, they expect IRIDEX's stock price to reach $9.50 in the next twelve months. This suggests a possible upside of 98.7% from the stock's current price. View Analyst Price Targets for IRIDEX.
What is the consensus analysts' recommendation for IRIDEX?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IRIDEX in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for IRIDEX.
Has IRIDEX been receiving favorable news coverage?
News articles about IRIX stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. IRIDEX earned a news impact score of -2.4 on InfoTrie's scale. They also assigned news articles about the medical equipment provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term.
Who are some of IRIDEX's key competitors?
Some companies that are related to IRIDEX include Rockwell Medical (RMTI), BioLife Solutions (BLFS), Electrocore (ECOR), Semler Scientific (SMLR), Fonar (FONR), Zynex (ZYXI), Stereotaxis (STXS), Second Sight Medical Products (EYES), Edap Tms (EDAP), Viveve Medical (VIVE), Soleno Therapeutics (SLNO), ENDRA Life Sciences (NDRA), Digirad (DRAD), Aradigm (ARDM) and Precision Optics (PEYE).
Who are IRIDEX's key executives?
IRIDEX's management team includes the folowing people:
- Mr. William M. Moore, Chairman of Directors, Pres & CEO (Age 69)
- Mr. Atabak Mokari, CFO & VP of Corp. Devel. (Age 41)
- Dr. George R. Marcellino, VP of Clinical Affairs (Age 69)
- Ms. Leigh Salvo, Head of Investor Relations
- Mr. Timothy D. Buckley, VP of Global Marketing & Bus. Devel. (Age 43)
Who are IRIDEX's major shareholders?
IRIDEX's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Acuta Capital Partners LLC (16.70%), Wasatch Advisors Inc. (11.40%), Renaissance Technologies LLC (2.47%), Perkins Capital Management Inc. (1.95%), Eidelman Virant Capital (1.31%) and Quantum Capital Management (0.13%). Company insiders that own IRIDEX stock include Associates & Paragon A Paragon, Romeo R Dizon and William M Moore. View Institutional Ownership Trends for IRIDEX.
Which institutional investors are selling IRIDEX stock?
Which institutional investors are buying IRIDEX stock?
IRIX stock was bought by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Perkins Capital Management Inc., Eidelman Virant Capital, Quantum Capital Management and Renaissance Technologies LLC. Company insiders that have bought IRIDEX stock in the last two years include Associates & Paragon A Paragon and William M Moore. View Insider Buying and Selling for IRIDEX.
How do I buy shares of IRIDEX?
Shares of IRIX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is IRIDEX's stock price today?
One share of IRIX stock can currently be purchased for approximately $4.7814.
How big of a company is IRIDEX?
IRIDEX has a market capitalization of $66.61 million and generates $41.59 million in revenue each year. The medical equipment provider earns $-12,860,000.00 in net income (profit) each year or ($1.11) on an earnings per share basis. IRIDEX employs 116 workers across the globe.
What is IRIDEX's official website?
How can I contact IRIDEX?
IRIDEX's mailing address is 1212 Terra Bella Avenue, Mountain View CA, 94043. The medical equipment provider can be reached via phone at 650-940-4700 or via email at [email protected]
MarketBeat Community Rating for IRIDEX (NASDAQ IRIX)
MarketBeat's community ratings are surveys of what our community members think about IRIDEX and other stocks. Vote "Outperform" if you believe IRIX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IRIX will underperform the S&P 500 over the long term. You may vote once every thirty days.
