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IRIDEX (IRIX) Competitors

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$0.67 0.00 (0.00%)
Closing price 09/18/2026 04:00 PM Eastern
Extended Trading
$0.66 -0.01 (-1.79%)
As of 04:34 AM Eastern
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IRIX vs. MLSS, ELUT, QTI, SNWV, and NSPR

Should you buy IRIDEX stock or one of its competitors? IRIDEX's main competitors and comparable companies include Milestone Scientific (MLSS), Elutia (ELUT), QT Imaging (QTI), Sanuwave Health (SNWV), and InspireMD (NSPR). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "healthcare equipment" industry.

How does IRIDEX compare to Milestone Scientific?

IRIDEX (NASDAQ:IRIX) and Milestone Scientific (NYSE:MLSS) are both small-cap healthcare companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, risk, dividends, earnings, valuation, media sentiment, profitability and analyst recommendations.

IRIDEX has a net margin of -6.88% compared to Milestone Scientific's net margin of -52.01%. IRIDEX's return on equity of 0.00% beat Milestone Scientific's return on equity.

Company Net Margins Return on Equity Return on Assets
IRIDEX-6.88% N/A -12.55%
Milestone Scientific -52.01%-60.26%-40.23%

IRIDEX presently has a consensus price target of $3.00, suggesting a potential upside of 347.76%. Milestone Scientific has a consensus price target of $1.00, suggesting a potential upside of 145.40%. Given IRIDEX's higher probable upside, research analysts clearly believe IRIDEX is more favorable than Milestone Scientific.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
IRIDEX
1 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
Milestone Scientific
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00

20.1% of IRIDEX shares are held by institutional investors. Comparatively, 5.8% of Milestone Scientific shares are held by institutional investors. 8.6% of IRIDEX shares are held by insiders. Comparatively, 9.2% of Milestone Scientific shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

IRIDEX has higher revenue and earnings than Milestone Scientific. Milestone Scientific is trading at a lower price-to-earnings ratio than IRIDEX, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
IRIDEX$52.67M0.22-$4.44M-$0.20N/A
Milestone Scientific$9.42M3.92-$6.93M-$0.04N/A

In the previous week, Milestone Scientific had 2 more articles in the media than IRIDEX. MarketBeat recorded 2 mentions for Milestone Scientific and 0 mentions for IRIDEX. IRIDEX's average media sentiment score of 0.21 beat Milestone Scientific's score of -0.51 indicating that IRIDEX is being referred to more favorably in the media.

Company Overall Sentiment
IRIDEX Neutral
Milestone Scientific Negative

IRIDEX has a beta of 0.62, indicating that its share price is 38% less volatile than the broader market. Comparatively, Milestone Scientific has a beta of 1.08, indicating that its share price is 8% more volatile than the broader market.

Summary

IRIDEX beats Milestone Scientific on 9 of the 15 factors compared between the two stocks.

How does IRIDEX compare to Elutia?

Elutia (NASDAQ:ELUT) and IRIDEX (NASDAQ:IRIX) are both small-cap healthcare companies, but which is the better investment? We will contrast the two businesses based on the strength of their risk, profitability, valuation, analyst recommendations, dividends, media sentiment, earnings and institutional ownership.

Elutia has a beta of 0.88, suggesting that its stock price is 12% less volatile than the broader market. Comparatively, IRIDEX has a beta of 0.62, suggesting that its stock price is 38% less volatile than the broader market.

74.0% of Elutia shares are owned by institutional investors. Comparatively, 20.1% of IRIDEX shares are owned by institutional investors. 17.8% of Elutia shares are owned by company insiders. Comparatively, 8.6% of IRIDEX shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Elutia has higher earnings, but lower revenue than IRIDEX. IRIDEX is trading at a lower price-to-earnings ratio than Elutia, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Elutia$12.29M3.06$53.38M$0.950.89
IRIDEX$52.67M0.22-$4.44M-$0.20N/A

Elutia has a net margin of 426.93% compared to IRIDEX's net margin of -6.88%. IRIDEX's return on equity of 0.00% beat Elutia's return on equity.

Company Net Margins Return on Equity Return on Assets
Elutia426.93% -407.37% -47.08%
IRIDEX -6.88%N/A -12.55%

IRIDEX has a consensus target price of $3.00, indicating a potential upside of 347.76%. Given IRIDEX's stronger consensus rating and higher probable upside, analysts plainly believe IRIDEX is more favorable than Elutia.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Elutia
1 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.00
IRIDEX
1 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

In the previous week, IRIDEX's average media sentiment score of 0.21 beat Elutia's score of 0.00 indicating that IRIDEX is being referred to more favorably in the news media.

Company Overall Sentiment
Elutia Neutral
IRIDEX Neutral

Summary

Elutia beats IRIDEX on 8 of the 15 factors compared between the two stocks.

How does IRIDEX compare to QT Imaging?

QT Imaging (NASDAQ:QTI) and IRIDEX (NASDAQ:IRIX) are both small-cap healthcare companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, analyst recommendations, media sentiment, earnings, institutional ownership, dividends, valuation and risk.

IRIDEX has a net margin of -6.88% compared to QT Imaging's net margin of -77.25%. IRIDEX's return on equity of 0.00% beat QT Imaging's return on equity.

Company Net Margins Return on Equity Return on Assets
QT Imaging-77.25% -1,202.69% -46.76%
IRIDEX -6.88%N/A -12.55%

In the previous week, QT Imaging had 2 more articles in the media than IRIDEX. MarketBeat recorded 2 mentions for QT Imaging and 0 mentions for IRIDEX. QT Imaging's average media sentiment score of 1.83 beat IRIDEX's score of 0.21 indicating that QT Imaging is being referred to more favorably in the media.

Company Overall Sentiment
QT Imaging Very Positive
IRIDEX Neutral

IRIDEX has higher revenue and earnings than QT Imaging. IRIDEX is trading at a lower price-to-earnings ratio than QT Imaging, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
QT Imaging$18.92M1.90-$21.08M-$1.57N/A
IRIDEX$52.67M0.22-$4.44M-$0.20N/A

IRIDEX has a consensus target price of $3.00, indicating a potential upside of 347.76%. Given IRIDEX's higher probable upside, analysts plainly believe IRIDEX is more favorable than QT Imaging.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
QT Imaging
1 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
IRIDEX
1 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

24.2% of QT Imaging shares are owned by institutional investors. Comparatively, 20.1% of IRIDEX shares are owned by institutional investors. 25.4% of QT Imaging shares are owned by company insiders. Comparatively, 8.6% of IRIDEX shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Summary

IRIDEX beats QT Imaging on 7 of the 13 factors compared between the two stocks.

How does IRIDEX compare to Sanuwave Health?

Sanuwave Health (NASDAQ:SNWV) and IRIDEX (NASDAQ:IRIX) are both small-cap healthcare companies, but which is the superior investment? We will compare the two businesses based on the strength of their analyst recommendations, earnings, profitability, risk, dividends, media sentiment, institutional ownership and valuation.

Sanuwave Health has a net margin of 32.38% compared to IRIDEX's net margin of -6.88%. Sanuwave Health's return on equity of 1,728.10% beat IRIDEX's return on equity.

Company Net Margins Return on Equity Return on Assets
Sanuwave Health32.38% 1,728.10% 39.04%
IRIDEX -6.88%N/A -12.55%

In the previous week, Sanuwave Health had 1 more articles in the media than IRIDEX. MarketBeat recorded 1 mentions for Sanuwave Health and 0 mentions for IRIDEX. IRIDEX's average media sentiment score of 0.21 beat Sanuwave Health's score of 0.00 indicating that IRIDEX is being referred to more favorably in the news media.

Company Overall Sentiment
Sanuwave Health Neutral
IRIDEX Neutral

Sanuwave Health has higher earnings, but lower revenue than IRIDEX. IRIDEX is trading at a lower price-to-earnings ratio than Sanuwave Health, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Sanuwave Health$44.05M0.89$11.81M$0.2418.96
IRIDEX$52.67M0.22-$4.44M-$0.20N/A

42.5% of Sanuwave Health shares are owned by institutional investors. Comparatively, 20.1% of IRIDEX shares are owned by institutional investors. 14.4% of Sanuwave Health shares are owned by insiders. Comparatively, 8.6% of IRIDEX shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Sanuwave Health has a beta of 1.47, meaning that its share price is 47% more volatile than the broader market. Comparatively, IRIDEX has a beta of 0.62, meaning that its share price is 38% less volatile than the broader market.

Sanuwave Health presently has a consensus price target of $47.00, indicating a potential upside of 932.97%. IRIDEX has a consensus price target of $3.00, indicating a potential upside of 347.76%. Given Sanuwave Health's higher probable upside, equities research analysts plainly believe Sanuwave Health is more favorable than IRIDEX.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Sanuwave Health
2 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
1.67
IRIDEX
1 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

Summary

Sanuwave Health beats IRIDEX on 12 of the 15 factors compared between the two stocks.

How does IRIDEX compare to InspireMD?

IRIDEX (NASDAQ:IRIX) and InspireMD (NYSE:NSPR) are both small-cap healthcare companies, but which is the better investment? We will compare the two businesses based on the strength of their profitability, analyst recommendations, valuation, media sentiment, institutional ownership, risk, earnings and dividends.

IRIDEX has higher revenue and earnings than InspireMD. IRIDEX is trading at a lower price-to-earnings ratio than InspireMD, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
IRIDEX$52.67M0.22-$4.44M-$0.20N/A
InspireMD$10.84M3.29-$19.92M-$0.64N/A

20.1% of IRIDEX shares are held by institutional investors. Comparatively, 44.8% of InspireMD shares are held by institutional investors. 8.6% of IRIDEX shares are held by insiders. Comparatively, 25.0% of InspireMD shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

IRIDEX has a net margin of -6.88% compared to InspireMD's net margin of -413.96%. IRIDEX's return on equity of 0.00% beat InspireMD's return on equity.

Company Net Margins Return on Equity Return on Assets
IRIDEX-6.88% N/A -12.55%
InspireMD -413.96%-69.42%-57.68%

In the previous week, IRIDEX's average media sentiment score of 0.21 beat InspireMD's score of 0.00 indicating that IRIDEX is being referred to more favorably in the media.

Company Overall Sentiment
IRIDEX Neutral
InspireMD Neutral

IRIDEX presently has a consensus target price of $3.00, suggesting a potential upside of 347.76%. InspireMD has a consensus target price of $4.50, suggesting a potential upside of 486.40%. Given InspireMD's stronger consensus rating and higher possible upside, analysts plainly believe InspireMD is more favorable than IRIDEX.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
IRIDEX
1 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
InspireMD
0 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
3.00

IRIDEX has a beta of 0.62, suggesting that its stock price is 38% less volatile than the broader market. Comparatively, InspireMD has a beta of 0.83, suggesting that its stock price is 17% less volatile than the broader market.

Summary

InspireMD beats IRIDEX on 8 of the 15 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding IRIX and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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IRIX vs. The Competition

MetricIRIDEXHealthcare Equipment & Supplies IndustryHealthcare SectorNASDAQ Exchange
Market Cap$11.77M$5.49B$7.22B$12.94B
Dividend YieldN/A1.80%2.57%12.81%
P/E Ratio-3.3525.34275.4825.40
Price / Sales0.2272.80653.4982.06
Price / CashN/A33.1128.1334.74
Price / Book-11.175.9010.576.32
Net Income-$4.44M$151.55M$3.49B$358.20M
7 Day Performance4.69%0.23%-0.23%0.42%
1 Month Performance-11.39%-3.83%-2.67%-3.30%
1 Year Performance-43.70%6.90%18.17%5.33%

IRIDEX Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
IRIX
IRIDEX
1.6286 of 5 stars
$0.67
flat
$3.00
+347.8%
-43.7%$11.77M$52.67MN/A108
MLSS
Milestone Scientific
1.4878 of 5 stars
$0.42
+3.7%
$1.00
+141.0%
-21.4%$37.62M$9.42MN/A30
ELUT
Elutia
1.1812 of 5 stars
$0.82
+2.5%
N/A-22.0%$36.32M$12.29M0.86180
QTI
QT Imaging
1.1749 of 5 stars
$2.57
+0.4%
N/A+1.0%$35.82M$18.92MN/AN/A
SNWV
Sanuwave Health
2.0836 of 5 stars
$4.17
+1.5%
$47.00
+1,027.1%
-87.0%$35.81M$44.05M17.3540

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This page (NASDAQ:IRIX) was last updated on 9/21/2026 by MarketBeat.com Staff.
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