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Iridex reports $41.8 million in revenue in 2015

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Iridex reported $41.8 million in revenue in 2015 compared with $42.8 million in 2014, the company announced in a press release.

The decrease was due to previously reported supply chain issues that forced the company to slow shipments of laser systems throughout the year.

Net income was reported at $0.5 million, or $0.05 per diluted share, for the year compared with $10 million, or $0.97 per diluted share, in 2014.

Operating income was reported at $0.3 million for the year compared with $2.6 million in 2014. The decrease was attributed to lower revenues, lower gross margin and increased operating expenses.