Iridex (NASDAQ: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.
