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Iridex posts $3.3 million net loss in second quarter

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Iridex reported a net loss of $3.3 million, or $0.28 per share, in the second quarter of 2018 compared with a net loss of $2.75 million, or $0.24 per share, in the second quarter of 2017.

Revenues for the quarter increased to $10.3 million from $10 million in the previous year’s second quarter, according to a press release.

The company’s operating expenses were $7.6 million compared with 2017’s second quarter costs of $7.2 million.

Iridex had cash and cash equivalents of $16 million as of June 30.