Iridex: Q3 Earnings Insights - Iridex (NASDAQ:IRIX)

Iridex IRIX reported its Q3 earnings results on Tuesday, November 14, 2023 at 04:21 PM.

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

Iridex beat estimated earnings by 8.33%, reporting an EPS of $-0.11 versus an estimate of $-0.12.

Revenue was down $1.78 million from the same period last year.

Last quarter the company missed on EPS by $0.06 which was followed by a 28.25% drop in the share price the next day.

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

Quarter	Q2 2023	Q1 2023	Q4 2022	Q3 2022
EPS Estimate	-0.11	-0.12	-0.11	-0.14
EPS Actual	-0.17	-0.13	-0.07	-0.11
Revenue Estimate	14.23M	13.64M	15.16M	13.87M
Revenue Actual	12.86M	13.71M	15.20M	14.63M

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.