Iridex Corp (IRIX)
NASDAQ:IRIX
Earnings Data
Report Date
May 19, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Q4 2025
Earnings Call Date:Mar 26, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call conveyed meaningful operational progress and financial improvement: revenue growth, significant operating expense reductions, the company’s first positive adjusted EBITDA in recent history, and positive operating cash flow in the quarter. These positives are tempered by margin pressure from higher manufacturing costs and tariffs, inventory write-downs, and notable regional headwinds (Middle East, China, Japan) that constrained sales and led management to provide conservative guidance excluding the Middle East. Management outlined credible cost-saving initiatives (G&A relocations, HQ move, contract manufacturing transition) expected to improve margins over 2026–2027, but those benefits are multi-quarter in delivery and carry execution risk. Overall, the call emphasizes a clear operational turnaround with some material but manageable near-term risks.Company Guidance
Full-Year Revenue Growth
Revenue for fiscal 2025 was $52.7 million, representing +8% year-over-year growth versus 2024, with broad-based growth across Cyclo G6, medical retina and surgical retina, and both U.S. and international businesses.
Strong Q4 Performance
Fourth-quarter revenue was $14.7 million, a +16% year-over-year increase (Q4 was a 14-week quarter), marking the strongest quarterly growth rate of the year and driven by higher retina and glaucoma probe sales.
Profitability and Cash Flow Milestones
IRIDEX delivered positive adjusted EBITDA for the full year (adjusted EBITDA $817,000 vs $611,000 prior year) and generated positive cash flow from operations in Q4. Net loss narrowed to $0.2 million (loss per share $0.01) vs $0.8 million in prior year.
Material Operating Expense Reductions and Cost Savings Plans
Operating expenses were reduced 22% year-over-year (full year); Q4 operating expenses totaled $5.5 million (a 10% reduction vs prior-year quarter). Actions include relocation of certain G&A functions (estimated ~$165k in quarterly savings beginning Q1 2026) and a planned HQ relocation expected to reduce fixed costs by ~$600k annually.
Product and Commercial Momentum
Glaucoma probe sales: Q4 probes sold 15,900 vs 13,300 prior-year (+~19%); full-year probes 57,800 vs 55,400 (+~4%). Full-year G6 systems sold 133 vs 125 (up ~6%). Retina revenue increased 22% in Q4 to $8.9 million driven by PASCAL and medical/surgical retina systems. Sales team converted ~$1.0M of business from the AAO meeting.
Improved Cash Position and Cash Usage
Cash and cash equivalents improved to approximately $6.0 million (up ~$400k from ~$5.6M) and cash use for 2025 was $2.1 million, an improvement of 71% versus 2024; management expects further cash generation and positive full-year cash flow in 2026.
IRIX Earnings History
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 |
|---|---|---|---|
Nov 11, 2025 | $1.19 | $0.95 | -20.17% |
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% |
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 May 19, 2026, After Close (Confirmed).
What is Iridex Corp (IRIX) earnings time?
Iridex Corp (IRIX) earnings time is at May 19, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is IRIX EPS forecast?
Currently, no data Available