Iridex: Q4 Sales To Match Performance Of Prior Year

(RTTNews) - Iridex Corporation (IRIX) said it expects fourth quarter total revenue to be between $12.6 million and $12.7 million compared to $12.5 million in the prior year quarter. Iridex expects full year 2024 total revenue to be between $48.6 millionand and $48.7 million compared to $51.9 million in 2023.

"We remained steadfast in our commitment to achieving positive EBITDA results in fourth quarter 2024 laying the foundation for prioritizing profitability in 2025. Progress with our ongoing cost restructuring initiatives is enhancing our operational efficiency, improving margins, and positioning the company for greater financial strength, said Patrick Mercer, CEO.