The earnings call reflected a mix of positive revenue growth and significant cost reductions alongside challenges such as declining gross margins and regional sales issues. The company's successful implementation of efficiency measures and positive adjusted EBITDA were tempered by ongoing market challenges and a net loss.

Company Guidance

During the second quarter of 2025, IRIDEX reported promising financial results, showcasing a year-over-year revenue growth of 7% and a sequential growth of 14%, culminating in a revenue of $13.6 million. Operating expenses were reduced by 28% compared to the prior year period, contributing to a net loss reduction from $2.7 million to $1.0 million. The company achieved a positive adjusted EBITDA of $21,000, a significant improvement from a loss of $1.7 million in Q2 2024. Gross margin, however, decreased to 34.5% from 40.7% due to increased manufacturing costs and tariffs. Despite these challenges, IRIDEX maintained robust sales in its retina and glaucoma product lines, particularly noting strong performance in Pascal system sales, and aims to further reduce operating expenses and improve gross margins through strategic actions such as renegotiating manufacturing contracts and relocating facilities. The company remains on track to achieve its financial goals of cash flow breakeven and positive adjusted EBITDA for the year.

Year-Over-Year Revenue Growth

IRIDEX achieved a 7% year-over-year revenue growth in Q2 2025, with total revenues of $13.6 million.

Sequential Revenue Growth

The company saw a 14% sequential growth compared to Q1 2025, driven by higher laser console sales.

Expense Reduction Achievements

Operating expenses were reduced by 28% compared to the prior year period, contributing to improved financial health.

Positive Adjusted EBITDA

IRIDEX reported a positive non-GAAP adjusted EBITDA of $21,000 for Q2 2025, an improvement of $1.7 million compared to the previous year.

Strong Pascal System Sales

High sales of the Pascal system contributed to the growth in both the U.S. and international markets, particularly in the Middle East and Africa.

Cash Burn Reduction

Cash and cash equivalents decreased only by $0.4 million, indicating a reduction in cash usage.

Iridex (IRIX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

IRIX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	- / -	-0.12	―	―	―
Aug 12, 2025	2025 (Q2)	- / -0.06	-0.16	62.50% (+0.10)	―
May 13, 2025	2025 (Q1)	- / -0.10	-0.21	52.38% (+0.11)	―
Mar 27, 2025	2024 (Q4)	- / -0.05	-0.18	72.22% (+0.13)	―
Nov 12, 2024	2024 (Q3)	-0.09 / -0.12	-0.11	-9.09% (>-0.01)	―
Aug 08, 2024	2024 (Q2)	-0.12 / -0.16	-0.17	5.88% (+0.01)	―
May 14, 2024	2024 (Q1)	-0.12 / -0.21	-0.13	-61.54% (-0.08)	―
Mar 26, 2024	2023 (Q4)	-0.05 / -0.18	-0.07	-157.14% (-0.11)	―
Nov 14, 2023	2023 (Q3)	-0.13 / -0.11	-0.11	0.00% (0.00)	―
Aug 10, 2023	2023 (Q2)	-0.11 / -0.17	-0.14	-21.43% (-0.03)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IRIX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 12, 2025	$1.30	$1.18	-9.23%
May 13, 2025	$1.10	$1.00	-9.09%
Mar 27, 2025	$0.88	$1.00	+13.64%
Nov 12, 2024	$1.41	$1.89	+34.04%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Iridex Corp (IRIX) report earnings?

Iridex Corp (IRIX) is schdueled to report earning on Nov 18, 2025, After Close (Confirmed).

What is Iridex Corp (IRIX) earnings time?

Iridex Corp (IRIX) earnings time is at Nov 18, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is IRIX EPS forecast?

Currently, no data Available

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