This article is more than 5 years old. Information may no longer be current.

Iridex posts $3.1 million quarterly loss

Add topic to email alerts

Receive an email when new articles are posted on

Please provide your email address to receive an email when new articles are posted on .

Subscribe

Added to email alerts

You've successfully added to your alerts. You will receive an email when new content is published.

Click Here to Manage Email Alerts

You've successfully added to your alerts. You will receive an email when new content is published.

Click Here to Manage Email Alerts

Back to Healio

We were unable to process your request. Please try again later. If you continue to have this issue please contact customerservice@slackinc.com.

Back to Healio

Iridex reported a net loss of $3.1 million, or $0.27 per share, in the third quarter of 2017 compared with a net loss of $0.7 million, or $0.07 per share, in the same time period of 2016, according to a press release.

Revenue grew by 11% from $9.8 million in 2016’s third quarter to $10.9 million.

Operating expenses increased from $5.5 million in the third quarter of 2016 to $7.4 million in the third quarter of 2017, while a loss from operations rose from $1.2 million to $3.1 million.

The company reported cash and cash equivalents of $22.8 million as of Sept. 30.