IRIDEX was founded in 1989 and is headquartered in Mountain View, US

IRIDEX has an office in Mountain View

Mountain View, US (HQ)

1212 Terra Bella Ave

IRIDEX's revenue was reported to be $10.5 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 10.5 m |

## Gross profit (Q1, 2017) | 4.5 m |

## Gross profit margin (Q1, 2017), % | 43% |

## Net income (Q1, 2017) | (1.9 m) |

## EBIT (Q1, 2017) | (1.9 m) |

## Market capitalization (17-Aug-2017) | 96.5 m |

## Cash (01-Apr-2017) | 23.9 m |

IRIDEX's current market capitalization is $96.5 m.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 38.3 m | 42.8 m | 41.8 m | 46.2 m |

## Revenue growth, % | 12% | (2%) | 11% | |

## Cost of goods sold | 19.7 m | 21.4 m | 21.8 m | 25.3 m |

## Gross profit | 18.6 m | 21.4 m | 20 m | 20.8 m |

## Gross profit Margin, % | 49% | 50% | 48% | 45% |

## Sales and marketing expense | 7.7 m | 8.2 m | 8.9 m | 10.3 m |

## R&D expense | 3.7 m | 4.6 m | 5.2 m | 5.4 m |

## General and administrative expense | 5 m | 6 m | 5.6 m | 7.6 m |

## Operating expense total | 16 m | 18.8 m | 19.7 m | 23.4 m |

## EBIT | 288 k | (2.6 m) | ||

## EBIT margin, % | 1% | (6%) | ||

## Income tax expense | 31 k | (8.7 m) | (183 k) | 9.1 m |

## Net Income | 2.2 m | 10 m | 474 k | (11.7 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 10.6 m | 10.1 m | 10.8 m | 9 m | 9.8 m | 11.9 m | 11.9 m | 9.8 m | 10.5 m |

## Cost of goods sold | 5.3 m | 5 m | 5.4 m | 4.8 m | 5 m | 6.6 m | 6.2 m | 5.5 m | 6 m |

## Gross profit | 5.3 m | 5.1 m | 5.4 m | 4.2 m | 4.8 m | 5.3 m | 5.7 m | 4.2 m | 4.5 m |

## Gross profit Margin, % | 50% | 51% | 50% | 47% | 49% | 44% | 48% | 43% | 43% |

## Sales and marketing expense | 2.1 m | 2 m | 2.1 m | 2.2 m | 2.2 m | 2.4 m | 2.4 m | 2.4 m | 2.9 m |

## R&D expense | 1.3 m | 1.1 m | 1.3 m | 1.5 m | 1.2 m | 1.4 m | 1.4 m | 1.3 m | 1.5 m |

## General and administrative expense | 1.5 m | 1.5 m | 1.7 m | 1.3 m | 1.2 m | 1.4 m | 2.3 m | 1.9 m | 1.9 m |

## Operating expense total | 4.9 m | 4.5 m | 5 m | 5 m | 4.7 m | 5.1 m | 6.1 m | 5.5 m | 6.3 m |

## EBIT | 400 k | 606 k | 403 k | (747 k) | 143 k | 152 k | (394 k) | (1.2 m) | (1.9 m) |

## EBIT margin, % | 4% | 6% | 4% | (8%) | 1% | 1% | (3%) | (13%) | (18%) |

## Income tax expense | 12 k | 4 k | 150 k | (118 k) | (135 k) | 40 k | (87 k) | 6 k | |

## Net Income | 297 k | 490 k | 246 k | (652 k) | 442 k | 101 k | (328 k) | (671 k) | (1.9 m) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 13.4 m | 13.3 m | 10 m | 23.7 m |

## Inventories | 10.6 m | 9.1 m | 11.1 m | 11.6 m |

## Current Assets | 32 m | 32.9 m | 30.8 m | 45.9 m |

## PP&E | 543 k | 735 k | 1.1 m | 1.5 m |

## Goodwill | 533 k | 533 k | 533 k | 533 k |

## Total Assets | 33.7 m | 41.8 m | 41.8 m | 48.1 m |

## Accounts Payable | 2.3 m | 1.8 m | 2.2 m | 2 m |

## Current Liabilities | 7.4 m | 7 m | 7.4 m | 8.5 m |

## Total Liabilities | 9 m | |||

## Additional Paid-in Capital | 40.7 m | 38.5 m | 38 m | 55.2 m |

## Retained Earnings | (14.9 m) | (4.9 m) | (4.4 m) | (16.1 m) |

## Total Equity | 33.7 m | 39.2 m | ||

## Financial Leverage | 1.2 x | 1.2 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 12.9 m | 13 m | 13.1 m | 12.2 m | 10.2 m | 10.5 m | 11.5 m | 9.6 m | 23.9 m |

## Inventories | 9.8 m | 9.6 m | 9.9 m | 10.2 m | 11.2 m | 11.1 m | 12.1 m | 12.7 m | 11.7 m |

## Current Assets | 30.5 m | 30.8 m | 33.2 m | 31.9 m | 31.4 m | 31.4 m | 32.7 m | 31.4 m | 45 m |

## PP&E | 720 k | 748 k | 1 m | 1.1 m | 1.1 m | 1.1 m | 1.2 m | 1.4 m | 1.7 m |

## Goodwill | 533 k | 533 k | 533 k | 533 k | 533 k | 533 k | 533 k | 533 k | 533 k |

## Total Assets | 32.3 m | 32.6 m | 42.3 m | 41.2 m | 40.7 m | 42.4 m | 43.7 m | 42.7 m | 47.4 m |

## Accounts Payable | 2 m | 1.8 m | 2.5 m | 2.1 m | 2.6 m | 2.7 m | 3.2 m | 2.5 m | 1.9 m |

## Current Liabilities | 6.2 m | 6.5 m | 7.2 m | 7.1 m | 7.1 m | 7.5 m | 8.7 m | 7.5 m | 7.2 m |

## Additional Paid-in Capital | 39.8 m | 39.2 m | 38.5 m | 38.4 m | 37.6 m | 38.4 m | 39 m | 39.7 m | 57.7 m |

## Retained Earnings | (14.1 m) | (13.6 m) | (4.6 m) | (5.3 m) | (4.8 m) | (4.3 m) | (4.6 m) | (5.3 m) | (18 m) |

## Total Equity | 33.2 m | 32.8 m | 34.2 m | 34.5 m | 34.6 m | 39.8 m | |||

## Financial Leverage | 1.2 x | 1.2 x | 1.2 x | 1.3 x | 1.2 x | 1.2 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 2.2 m | 10 m | 474 k | (11.7 m) |

## Depreciation and Amortization | 490 k | 420 k | 522 k | 648 k |

## Accounts Receivable | (1.9 m) | (1.1 m) | (1 m) | (865 k) |

## Inventories | (2.5 m) | 1.5 m | (2 m) | (537 k) |

## Accounts Payable | 173 k | (520 k) | 465 k | (229 k) |

## Cash From Operating Activities | 767 k | 4 m | (593 k) | |

## Purchases of PP&E | (380 k) | (568 k) | (875 k) | (1.1 m) |

## Cash From Investing Activities | (763 k) | (1 m) | (1.3 m) | (1.5 m) |

## Cash From Financing Activities | 1 m | (3.1 m) | (1.4 m) | 15.4 m |

## Income Taxes Paid | (536 k) | 35 k | 27 k | 22 k |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 297 k | 490 k | 246 k | (652 k) | 442 k | 101 k | (328 k) | (671 k) | (1.9 m) |

## Inventories | 9.8 m | 9.6 m | 9.9 m | 10.2 m | 11.2 m | 11.1 m | 12.1 m | 12.7 m | 11.7 m |

## Accounts Payable | 2 m | 1.8 m | 2.5 m | 2.1 m | 2.6 m | 2.7 m | 3.2 m | 2.5 m | 1.9 m |

Y, 2017 | |
---|---|

## Financial Leverage | 1.2 x |