"" IRIDEX Earnings Disappoint Investors
IRIDEX (NASDAQ: IRIX) has released its second-quarter earnings report, revealing a net loss of $0.070 per share, $0.05 worse than analyst estimates of $-0.020. Revenue for the quarter came in at $12.6 million, falling short of the consensus estimate of $14.13 million.
The company's stock price closed at $0.93, representing a decline of 7.92% over the past three months and 19.48% over the past 12 months.
Earnings Reaction
IRIDEX's stock price has reacted negatively to the earnings report, with investors expressing concerns about the company's financial performance. According to InvestingPro, IRIDEX's Financial Health score is currently "fair performance".
For more information on IRIDEX's recent earnings performance and financials, please visit the link below.
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Categories: markets, defi-news Tags: irix, iridex, earnings report, revenue, loss image_prompt: bold graphic of a declining stock chart with a red candlestick