Iridex: Q1 Earnings Insights

Iridex IRIX reported its Q1 earnings results on Thursday, May 11, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Iridex missed estimated earnings by 8.33%, reporting an EPS of $-0.13 versus an estimate of $-0.12.

Revenue was up $319 thousand from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 9.07% drop in the share price the next day.

Here's a look at Iridex's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.11 -0.14 -0.15 -0.16
EPS Actual -0.07 -0.11 -0.14 -0.15
Revenue Estimate 15.16M 13.87M 13.92M 13.41M
Revenue Actual 15.20M 14.63M 13.76M 13.39M

To track all earnings releases for Iridex visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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