IRIDEX Corporation
Income Statement
| Line Item | FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $52.7M | $48.7M | $51.9M | $57.0M | $36.3M | $43.4M | $42.6M | $41.6M |
| Cost of Revenue | $33.4M | $29.2M | $30.1M | $31.6M | $20.8M | $25.5M | $25.1M | $26.1M |
| Gross Profit | $19.2M | $19.5M | $21.8M | $25.4M | $15.6M | $17.9M | $17.5M | $15.5M |
| Gross Margin | 36.5% | 40.1% | 42.0% | 44.5% | 42.8% | 41.3% | 41.0% | 37.3% |
| Operating Expenses | ||||||||
| Research & Development | $3.7M | $5.4M | $6.8M | $7.2M | $3.3M | $3.7M | $4.0M | $5.2M |
| SG&A Expense | $7.7M | $9.8M | $8.7M | $7.6M | $6.6M | $8.4M | $9.6M | $8.8M |
| Operating Income | $-2.6M | $-8.3M | $-10.0M | $-7.5M | $-6.6M | $-9.0M | $-12.9M | $-12.9M |
| Operating Margin | -4.9% | -17.1% | -19.3% | -13.2% | -18.1% | -20.7% | -30.2% | -31.0% |
| Interest Expense | $58.0K | $146.0K | — | — | — | — | — | — |
| Pretax Income | $-4.4M | $-8.8M | $-9.5M | $-7.5M | $-6.3M | $-8.8M | $-12.8M | $-13.0M |
| Income Tax Expense | $57.0K | $68.0K | $90.0K | $65.0K | $26.0K | $48.0K | $37.0K | $-128.0K |
| Net Income | $-4.4M | $-8.9M | $-9.6M | $-7.5M | $-6.3M | $-8.8M | $-12.8M | $-12.9M |
| Net Margin | -8.4% | -18.3% | -18.5% | -13.2% | -17.4% | -20.3% | -30.1% | -30.9% |
| EPS (Basic) | $-0.26 | $-0.54 | $-0.59 | $-0.47 | $-0.46 | $-0.64 | $-1.05 | $-1.11 |
| EPS (Diluted) | $-0.26 | $-0.54 | $-0.59 | $-0.47 | $-0.46 | $-0.64 | $-1.05 | $-1.11 |
| Shares Outstanding (Basic) | 16.9M | 16.4M | 16.1M | 15.9M | 13.8M | 13.7M | 12.2M | 11.6M |
| Shares Outstanding (Diluted) | 16.9M | 16.4M | 16.1M | 15.9M | 13.8M | 13.7M | 12.2M | 11.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |