Iridex CorpIridex Corp
Iridex Corp

Iridex Corp

IRIX
Health Care·Health Care Equipment & Supplies

IRIDEX Corp. engages in developing, manufacturing, and marketing medical systems, delivery devices, and consumable instrumentation for the ophthalmology market. Its products include lasers, laser delivery and glaucoma devices, retinal surgical instruments, veterinary, and ENT. The company was founded by Eduardo Arias, Theodore A. Boutacoff, David M. Buzawa and James L. Donovan in February 1989 and is headquartered in Mountain View, CA.

California; U.S.A
Market cap
No dataNo data
Revenue
$52.7MNo data
Net income
$-4.4MNo data
Free cash flow
$-2.3MNo data

Market

Listed stock
IRIXPriceNasdaq
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Financial performance

Revenue
$52.7MNo data
Operating income
$-2.6MNo data
Net income
$-4.4MNo data
Free cash flow
$-2.3MNo data

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2022 $53.9M, 2022 $57M, 2023 $51.9M, 2024 $48.7M, 2026 $52.7M. Operating income: 2022 $-7.5M, 2022 $-7.5M, 2023 $-10M, 2024 $-8.3M, 2026 $-2.6M. Net income: 2022 $-5.2M, 2022 $-7.5M, 2023 $-9.6M, 2024 $-8.9M, 2026 $-4.4M. Free cash flow: 2022 $8M, 2022 $-9.8M, 2023 $-6.9M, 2024 $-7.3M, 2026 $-2.3M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
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Gross margin
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Operating margin
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FCF margin
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Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2022-01-01 $-7.5M, 2022-12-31 $-7.5M, 2023-12-30 $-10M, 2024-12-28 $-8.3M, 2026-01-03 $-2.6M. Net income: 2022-01-01 $-5.2M, 2022-12-31 $-7.5M, 2023-12-30 $-9.6M, 2024-12-28 $-8.9M, 2026-01-03 $-4.4M. Free cash flow: 2022-01-01 $8M, 2022-12-31 $-9.8M, 2023-12-30 $-6.9M, 2024-12-28 $-7.3M, 2026-01-03 $-2.3M

Growth heatmap

2022202320242026CAGR
Revenue
+5.7%
-9.0%
-6.2%
+8.2%
-0.6%
Gross profit
+11.1%
-14.0%
-10.6%
-1.4%
-4.2%
Operating income
-0.1%
-32.7%
+17.0%
+69.0%
No data
Free cash flow
-222.5%
+30.1%
-6.5%
+69.1%
No data

Earnings quality

Operating cash flow
$-2.1MNo data
Net income
$-4.4MNo data
Free cash flow
$-2.3MNo data
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2026-01-03 48%, 2024-12-28 82%, 2023-12-30 70%, 2022-12-31 126%, 2022-01-01 -157%. Free cash flow: 2026-01-03 51%, 2024-12-28 82%, 2023-12-30 72%, 2022-12-31 130%, 2022-01-01 -153%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
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FCF / share
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Diluted shares
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
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Return on invested capital
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Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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