March 07, 2013
1 min read
Save
This article is more than 5 years old. Information may no longer be current.
Iridex net income down in 2012
You've successfully added to your alerts. You will receive an email when new content is published.
Click Here to Manage Email Alerts
Click Here to Manage Email Alerts
We were unable to process your request. Please try again later. If you continue to have this issue please contact customerservice@slackinc.com.
Iridex reported a net income of $1.44 million in 2012, down from $2.61 million in 2011, according to a news release.
Gross profit for the year was $16.35 million, up from $16.29 million the previous year, while total operating expenses increased to $17.21 million from $14.36 million.
The company’s fourth-quarter net income was $242,000, down from $786,000 in the same quarter of the previous year.
Fourth-quarter revenue was $9.23 million, up from $8.62 million. Quarterly gross margin decreased to 47% from 49.6% due to a shift toward laser system sales and a strong response to promotional pricing, the release said.
For the first quarter of 2013, Iridex predicted revenue of $8.7 million to $9 million and gross margin between 47% and 49%.