Quarterly ResultMay 19, 2026, 04:22 PM
IRIDEX Q1 Net Loss Narrows to $0.52M; EPS $(0.03)
AI Summary
IRIDEX reported a significantly reduced net loss of $0.52 million for the first quarter ended April 4, 2026, compared to a net loss of $1.69 million in the prior year. Diluted EPS improved to $(0.03) from $(0.10). However, total revenues saw a slight decrease to $11.80 million from $11.90 million year-over-year, and gross profit also declined. The company continued to use cash in operating activities.
Key Highlights
- Net loss significantly narrowed to $0.52 million for Q1 2026, from $1.69 million in Q1 2025.
- Diluted EPS improved to $(0.03) in Q1 2026, compared to $(0.10) in Q1 2025.
- Total revenues slightly decreased to $11.80 million in Q1 2026, down from $11.90 million year-over-year.
- Gross profit declined to $4.74 million in Q1 2026, from $5.06 million in Q1 2025.
- Loss from operations increased to $0.32 million in Q1 2026, from $0.21 million in Q1 2025.
- Net cash used in operating activities was $1.34 million in Q1 2026, up from $1.15 million year-over-year.
- Cash and cash equivalents stood at $4.60 million as of April 4, 2026.
- Topcon accounted for 27% of total revenues in Q1 2026, amounting to $3.2 million.
Price Impact
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