Iridex Corp. (IRIX) posted third-quarter sales of $10.4 million for the three months ended Oct. 3, down 13.2 percent compared with $12 million during the same period last year. The Mountian View, Calif.-based laser medical device maker swung to profit for the quarter, with net income fell of $646,000 compared with a net loss of $249,000 during Q3 2008:
Press Release
IRIDEX Reports Third Quarter 2009 Financial Results
Third Consecutive Profitable Quarter
For the third quarter of 2009, the Company recorded a net profit of
“Our cash generation remains excellent, we have generated
“We have recorded our third consecutive quarter of profitability which is an outstanding achievement given the current economy. Of particular note, we have been profitable at the operating income level for three consecutive quarters, generating
“Looking forward, the outlook for our business is improving. We had a very successful
Conference Call
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Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Act of 1934, as amended, relating to the Company’s products, growth strategy and prospects. Please see a detailed description of these and other risks contained in our Quarterly Report on From 10-Q for the quarter ended