May 24, 2017
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Iridex reports $10.5 million in quarterly revenue
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Iridex reported revenue of $10.5 million in the first quarter of 2017 compared with revenue of $11.9 million in the same time period last year, according to a company press release.
The 12% decrease was attributed to lower medical and surgical product revenue.
Operating expenses were up from $5.1 million to $6.3 million, and loss from operations was $1.9 million compared with income from operations of $0.2 million last year.
As of April 1, the company reported cash and cash equivalents of $23.9 million.