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IRIDEX (IRIX) Competitors

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$0.72 +0.02 (+2.42%)
Closing price 08/31/2026 04:00 PM Eastern
Extended Trading
$0.72 -0.01 (-1.05%)
As of 04:00 AM Eastern
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IRIX vs. MDAI, SRTS, POCI, BDMD, and SNWV

Should you buy IRIDEX stock or one of its competitors? IRIDEX's main competitors and comparable companies include Spectral AI (MDAI), Sensus Healthcare (SRTS), Precision Optics (POCI), Baird Medical Investment (BDMD), and Sanuwave Health (SNWV). 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 Spectral AI?

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

In the previous week, IRIDEX and IRIDEX both had 1 articles in the media. Spectral AI's average media sentiment score of 1.89 beat IRIDEX's score of 0.44 indicating that Spectral AI is being referred to more favorably in the news media.

Company Overall Sentiment
IRIDEX Neutral
Spectral AI Very Positive

IRIDEX currently has a consensus target price of $3.00, suggesting a potential upside of 314.59%. Spectral AI has a consensus target price of $4.00, suggesting a potential upside of 154.78%. Given IRIDEX's higher probable upside, research analysts clearly believe IRIDEX is more favorable than Spectral AI.

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
Spectral AI
1 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
2.67

IRIDEX has higher revenue and earnings than Spectral AI. Spectral AI 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$52.67M0.24-$4.44M-$0.20N/A
Spectral AI$19.65M2.57-$7.57M-$0.35N/A

20.1% of IRIDEX shares are held by institutional investors. Comparatively, 67.1% of Spectral AI shares are held by institutional investors. 8.6% of IRIDEX shares are held by insiders. Comparatively, 13.7% of Spectral AI shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

IRIDEX has a net margin of -6.88% compared to Spectral AI's net margin of -69.27%.

Company Net Margins Return on Equity Return on Assets
IRIDEX-6.88% N/A -12.55%
Spectral AI -69.27%N/A -78.56%

IRIDEX has a beta of 0.66, meaning that its share price is 34% less volatile than the broader market. Comparatively, Spectral AI has a beta of 1.18, meaning that its share price is 18% more volatile than the broader market.

Summary

IRIDEX and Spectral AI tied by winning 7 of the 14 factors compared between the two stocks.

How does IRIDEX compare to Sensus Healthcare?

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

Sensus Healthcare presently has a consensus price target of $5.83, suggesting a potential upside of 64.78%. IRIDEX has a consensus price target of $3.00, suggesting a potential upside of 314.59%. Given IRIDEX's higher probable upside, analysts clearly believe IRIDEX is more favorable than Sensus Healthcare.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Sensus Healthcare
1 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.50
IRIDEX
1 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

IRIDEX has higher revenue and earnings than Sensus Healthcare. Sensus Healthcare 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
Sensus Healthcare$27.48M2.12-$7.72M-$0.94N/A
IRIDEX$52.67M0.24-$4.44M-$0.20N/A

IRIDEX has a net margin of -6.88% compared to Sensus Healthcare's net margin of -88.45%. IRIDEX's return on equity of 0.00% beat Sensus Healthcare's return on equity.

Company Net Margins Return on Equity Return on Assets
Sensus Healthcare-88.45% -21.57% -19.20%
IRIDEX -6.88%N/A -12.55%

Sensus Healthcare has a beta of 1.1, meaning that its share price is 10% more volatile than the broader market. Comparatively, IRIDEX has a beta of 0.66, meaning that its share price is 34% less volatile than the broader market.

25.3% of Sensus Healthcare shares are held by institutional investors. Comparatively, 20.1% of IRIDEX shares are held by institutional investors. 10.2% of Sensus Healthcare shares are held by insiders. Comparatively, 8.6% of IRIDEX shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

In the previous week, Sensus Healthcare had 13 more articles in the media than IRIDEX. MarketBeat recorded 14 mentions for Sensus Healthcare and 1 mentions for IRIDEX. Sensus Healthcare's average media sentiment score of 1.63 beat IRIDEX's score of 0.44 indicating that Sensus Healthcare is being referred to more favorably in the media.

Company Overall Sentiment
Sensus Healthcare Very Positive
IRIDEX Neutral

Summary

Sensus Healthcare and IRIDEX tied by winning 8 of the 16 factors compared between the two stocks.

How does IRIDEX compare to Precision Optics?

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

IRIDEX has higher revenue and earnings than Precision Optics. Precision Optics 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$52.67M0.24-$4.44M-$0.20N/A
Precision Optics$19.09M2.46-$5.78M-$0.63N/A

In the previous week, IRIDEX and IRIDEX both had 1 articles in the media. Precision Optics' average media sentiment score of 1.89 beat IRIDEX's score of 0.44 indicating that Precision Optics is being referred to more favorably in the news media.

Company Overall Sentiment
IRIDEX Neutral
Precision Optics Very Positive

IRIDEX currently has a consensus price target of $3.00, suggesting a potential upside of 314.59%. Given IRIDEX's stronger consensus rating and higher probable upside, equities research analysts plainly believe IRIDEX is more favorable than Precision Optics.

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
Precision Optics
1 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.00

IRIDEX has a net margin of -6.88% compared to Precision Optics' net margin of -17.03%. IRIDEX's return on equity of 0.00% beat Precision Optics' return on equity.

Company Net Margins Return on Equity Return on Assets
IRIDEX-6.88% N/A -12.55%
Precision Optics -17.03%-37.47%-19.96%

20.1% of IRIDEX shares are held by institutional investors. Comparatively, 13.7% of Precision Optics shares are held by institutional investors. 8.6% of IRIDEX shares are held by insiders. Comparatively, 14.4% of Precision Optics shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

IRIDEX has a beta of 0.66, suggesting that its stock price is 34% less volatile than the broader market. Comparatively, Precision Optics has a beta of 0.34, suggesting that its stock price is 66% less volatile than the broader market.

Summary

IRIDEX beats Precision Optics on 12 of the 15 factors compared between the two stocks.

How does IRIDEX compare to Baird Medical Investment?

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

IRIDEX has a consensus target price of $3.00, suggesting a potential upside of 314.59%. Given IRIDEX's stronger consensus rating and higher probable upside, analysts clearly believe IRIDEX is more favorable than Baird Medical Investment.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Baird Medical Investment
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

Baird Medical Investment has a net margin of 0.00% compared to IRIDEX's net margin of -6.88%.

Company Net Margins Return on Equity Return on Assets
Baird Medical InvestmentN/A N/A N/A
IRIDEX -6.88%N/A -12.55%

Baird Medical Investment has higher earnings, but lower revenue than IRIDEX.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Baird Medical Investment$22.54M2.06N/AN/AN/A
IRIDEX$52.67M0.24-$4.44M-$0.20N/A

In the previous week, Baird Medical Investment and Baird Medical Investment both had 1 articles in the media. Baird Medical Investment's average media sentiment score of 1.87 beat IRIDEX's score of 0.44 indicating that Baird Medical Investment is being referred to more favorably in the media.

Company Overall Sentiment
Baird Medical Investment Very Positive
IRIDEX Neutral

Baird Medical Investment has a beta of -1.16, meaning that its stock price is 216% less volatile than the broader market. Comparatively, IRIDEX has a beta of 0.66, meaning that its stock price is 34% less volatile than the broader market.

19.8% of Baird Medical Investment shares are owned by institutional investors. Comparatively, 20.1% of IRIDEX shares are owned by institutional investors. 78.9% of Baird Medical Investment shares are owned by company insiders. Comparatively, 8.6% of IRIDEX shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Summary

IRIDEX beats Baird Medical Investment on 6 of the 11 factors compared between the two stocks.

How does IRIDEX compare to Sanuwave Health?

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

IRIDEX has a beta of 0.66, meaning that its stock price is 34% less volatile than the broader market. Comparatively, Sanuwave Health has a beta of 1.48, meaning that its stock price is 48% more volatile than the broader market.

In the previous week, Sanuwave Health had 1 more articles in the media than IRIDEX. MarketBeat recorded 2 mentions for Sanuwave Health and 1 mentions for IRIDEX. Sanuwave Health's average media sentiment score of 1.43 beat IRIDEX's score of 0.44 indicating that Sanuwave Health is being referred to more favorably in the news media.

Company Overall Sentiment
IRIDEX Neutral
Sanuwave Health Positive

Sanuwave Health has lower revenue, but higher earnings 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
IRIDEX$52.67M0.24-$4.44M-$0.20N/A
Sanuwave Health$44.05M0.92$11.81M$0.2419.54

IRIDEX presently has a consensus target price of $3.00, suggesting a potential upside of 314.59%. Sanuwave Health has a consensus target price of $51.00, suggesting a potential upside of 987.42%. Given Sanuwave Health's stronger consensus rating and higher possible upside, analysts clearly believe Sanuwave Health 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
Sanuwave Health
1 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
2.50

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
IRIDEX-6.88% N/A -12.55%
Sanuwave Health 32.38%1,728.10%39.04%

20.1% of IRIDEX shares are held by institutional investors. Comparatively, 42.5% of Sanuwave Health shares are held by institutional investors. 8.6% of IRIDEX shares are held by insiders. Comparatively, 14.4% of Sanuwave Health shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Summary

Sanuwave Health beats IRIDEX on 15 of the 16 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$12.41M$5.83B$7.20B$12.89B
Dividend YieldN/A1.75%2.54%11.27%
P/E Ratio-3.6225.97272.6125.48
Price / Sales0.2471.60626.6697.10
Price / CashN/A33.6928.7436.03
Price / Book-12.066.2411.056.34
Net Income-$4.44M$149.14M$3.47B$349.45M
7 Day Performance1.06%-0.61%0.25%-0.65%
1 Month Performance-11.76%6.50%8.27%4.48%
1 Year Performance-46.00%5.87%24.14%14.89%

IRIDEX Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
IRIX
IRIDEX
1.6785 of 5 stars
$0.72
+2.4%
$3.00
+314.6%
-46.0%$12.41M$52.67MN/A120
MDAI
Spectral AI
2.9882 of 5 stars
$1.62
+0.3%
$4.00
+147.7%
-18.7%$51.39M$19.65MN/A83
SRTS
Sensus Healthcare
3.4223 of 5 stars
$3.07
+2.2%
$5.83
+90.3%
+4.4%$50.45M$27.48MN/A40
POCI
Precision Optics
0.9992 of 5 stars
$4.37
+0.7%
N/A-8.5%$47.83M$28.94MN/A80
BDMD
Baird Medical Investment
1.3124 of 5 stars
$1.12
+2.8%
N/A-55.1%$45.90M$22.54MN/AN/A

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This page (NASDAQ:IRIX) was last updated on 9/1/2026 by MarketBeat.com Staff.
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