IRIDEX Corporation (IRIX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 11.8M | 14.72M | 12.48M | 13.57M | 11.9M | 12.7M | 11.58M | 12.63M | 11.76M | 12.46M | 12.85M | 12.86M | 13.71M | 15.2M | 14.63M | 13.76M | 13.39M | 15.25M | 13.26M | 13.43M |
| Revenue Growth % | -0.82% | 15.97% | 7.8% | 7.44% | 1.15% | 1.91% | -9.88% | -1.74% | -14.19% | -18.01% | -12.2% | -6.54% | 2.38% | -0.39% | 10.34% | 2.45% | 11.94% | 23.98% | 50.68% | 115.89% |
| Cost of Goods Sold | 7.06M | 9.09M | 8.47M | 8.97M | 6.84M | 7.11M | 7.26M | 7.5M | 7.39M | 7.66M | 7.23M | 7.49M | 7.77M | 8.53M | 8.18M | 7.49M | 7.41M | 9.25M | 7.48M | 7.32M |
| COGS % of Revenue | 59.82% | 61.73% | 67.85% | 66.08% | 57.51% | 56% | 62.67% | 59.35% | 62.81% | 61.45% | 56.26% | 58.28% | 56.68% | 56.14% | 55.86% | 54.44% | 55.35% | 60.65% | 56.41% | 54.51% |
| Gross Profit | 4.74M | 5.63M | 4.01M | 4.6M | 5.05M | 5.59M | 4.32M | 5.13M | 4.37M | 4.8M | 5.62M | 5.36M | 5.94M | 6.66M | 6.46M | 6.27M | 5.98M | 6M | 5.78M | 6.11M |
| Gross Margin % | 40.18% | 38.27% | 32.15% | 33.92% | 42.49% | 44% | 37.33% | 40.65% | 37.19% | 38.55% | 43.74% | 41.72% | 43.32% | 43.86% | 44.14% | 45.56% | 44.65% | 39.35% | 43.59% | 45.49% |
| Gross Profit Growth % | -6.21% | 0.88% | -7.17% | -10.36% | 15.57% | 16.3% | -23.09% | -4.25% | -26.34% | -27.93% | -12.99% | -14.42% | -0.65% | 11.03% | 11.73% | 2.6% | 21.02% | 7.52% | 58.24% | 153.87% |
| Operating Expenses | 5.07M | 5.65M | 5.42M | 5.54M | 5.26M | 6.09M | 6.19M | 7.77M | 7.67M | 7.88M | 7.31M | 8.26M | 8.28M | 8.07M | 8.15M | 8.43M | 8.25M | 8.4M | 7.94M | 7.25M |
| OpEx % of Revenue | 42.93% | 38.37% | 43.45% | 40.84% | 44.22% | 47.95% | 53.48% | 61.54% | 65.19% | 63.28% | 56.88% | 64.23% | 60.43% | 53.14% | 55.72% | 61.27% | 61.66% | 55.06% | 59.85% | 53.97% |
| Selling, General & Admin | 4.16M | 4.54M | 4.45M | 4.75M | 4.38M | 4.97M | 4.89M | 6.27M | 6.21M | 6.27M | 5.77M | 6.41M | 6.53M | 6.62M | 6.47M | 6.5M | 6.14M | 6.16M | 6.15M | 5.57M |
| SG&A % of Revenue | 35.26% | 30.85% | 35.66% | 35.01% | 36.85% | 39.19% | 42.26% | 49.66% | 52.84% | 50.35% | 44.89% | 49.88% | 47.67% | 43.59% | 44.2% | 47.29% | 45.85% | 40.36% | 46.37% | 41.52% |
| Research & Development | 905K | 949K | 972K | 871K | 876K | 1.11M | 1.3M | 1.5M | 1.54M | 1.69M | 1.54M | 1.84M | 1.75M | 1.45M | 1.69M | 1.92M | 2.12M | 2.24M | 1.79M | 1.67M |
| R&D % of Revenue | 7.67% | 6.45% | 7.79% | 6.42% | 7.36% | 8.77% | 11.22% | 11.88% | 13.06% | 13.6% | 11.99% | 14.35% | 12.76% | 9.54% | 11.53% | 13.97% | 15.81% | 14.7% | 13.48% | 12.45% |
| Other Operating Expenses | 0 | 158K | 0 | -79K | 0 | 0 | 0 | 0 | -84K | -82K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -324K | -15K | -1.41M | -940K | -205K | -502K | -1.87M | -2.64M | -3.29M | -3.08M | -1.69M | -2.89M | -2.34M | -1.41M | -1.7M | -2.16M | -2.28M | -2.4M | -2.16M | -1.14M |
| Operating Margin % | -2.75% | -0.1% | -11.3% | -6.93% | -1.72% | -3.95% | -16.15% | -20.89% | -28% | -24.73% | -13.14% | -22.51% | -17.1% | -9.28% | -11.58% | -15.7% | -17.01% | -15.71% | -16.26% | -8.48% |
| Operating Income Growth % | -58.05% | 97.01% | 24.55% | 64.37% | 93.77% | 83.71% | -10.78% | 8.85% | -40.49% | -118.51% | 0.41% | -33.98% | -2.94% | 41.18% | 21.42% | -89.81% | -23.68% | -699% | -16.85% | 59.12% |
| EBITDA | -324K | 407K | -1.04M | -562K | 176K | -125K | -1.59M | -2.27M | -2.89M | -2.31M | -1.33M | -2.38M | -1.96M | -365K | -1.33M | -1.78M | -2.16M | -2.18M | -1.94M | -913K |
| EBITDA Margin % | -2.75% | 2.76% | -8.37% | -4.14% | 1.48% | -0.98% | -13.77% | -17.96% | -24.57% | -18.5% | -10.37% | -18.51% | -14.29% | -2.4% | -9.09% | -12.91% | -16.12% | -14.3% | -14.59% | -6.8% |
| EBITDA Growth % | -284.09% | 425.6% | 34.48% | 75.23% | 106.09% | 94.58% | -19.65% | 4.62% | -47.6% | -531.51% | -0.23% | -33.95% | 9.27% | 83.26% | 31.27% | -94.52% | -26.87% | -1018.46% | -12.24% | 65.55% |
| D&A (Non-Cash Add-back) | 0 | 422K | 366K | 378K | 381K | 377K | 275K | 369K | 403K | 776K | 355K | 515K | 386K | 1.04M | 365K | 384K | 119K | 216K | 222K | 225K |
| EBIT | -324K | -15K | -1.57M | -973K | -1.67M | -502K | -1.87M | -2.64M | -3.29M | -2.9M | -1.69M | -2.89M | -2.34M | -1.41M | -1.7M | -2.16M | -2.28M | -2.4M | -2.16M | -1.14M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -142K | -149K | -158K | -33K | -1.47M | -338K | -46K | -22K | -133K | 181K | -58K | 138K | 266K | 276K | -58K | -64K | -94K | -30K | 0 | 2.54M |
| Pretax Income | -466K | -164K | -1.57M | -973K | -1.67M | -840K | -1.92M | -2.66M | -3.43M | -2.9M | -1.75M | -2.76M | -2.08M | -1.13M | -1.75M | -2.22M | -2.37M | -2.43M | -2.16M | 1.4M |
| Pretax Margin % | -3.95% | -1.11% | -12.57% | -7.17% | -14.07% | -6.62% | -16.54% | -21.06% | -29.13% | -23.28% | -13.59% | -21.44% | -15.16% | -7.46% | -11.98% | -16.17% | -17.71% | -15.91% | -16.26% | 10.44% |
| Income Tax | 58K | 20K | 4K | 21K | 12K | -6K | 17K | 19K | 38K | 60K | 8K | 10K | 12K | 14K | 14K | 17K | 20K | 16K | 8K | 8K |
| Effective Tax Rate % | -12.45% | -12.2% | -0.25% | -2.16% | -0.72% | 0.71% | -0.89% | -0.71% | -1.11% | -2.07% | -0.46% | -0.36% | -0.58% | -1.23% | -0.8% | -0.76% | -0.84% | -0.66% | -0.37% | 0.57% |
| Net Income | -524K | -184K | -1.57M | -994K | -1.69M | -834K | -1.93M | -2.68M | -3.46M | -2.96M | -1.75M | -2.77M | -2.09M | -1.15M | -1.77M | -2.24M | -2.39M | -2.44M | -2.17M | 1.39M |
| Net Margin % | -4.44% | -1.25% | -12.6% | -7.32% | -14.17% | -6.57% | -16.69% | -21.21% | -29.45% | -23.76% | -13.65% | -21.52% | -15.25% | -7.56% | -12.07% | -16.29% | -17.86% | -16.02% | -16.32% | 10.38% |
| Net Income Growth % | 68.92% | 77.94% | 18.62% | 62.9% | 51.33% | 71.82% | -10.21% | 3.15% | -65.74% | -157.84% | 0.74% | -23.43% | 12.59% | 53.01% | 18.38% | -260.88% | -18.96% | -1264.8% | -25.95% | 150.11% |
| Net Income (Continuing) | -524K | -184K | -1.57M | -994K | -1.69M | -834K | -1.93M | -2.68M | -3.46M | -2.96M | -1.75M | -2.77M | -2.09M | -1.15M | -1.77M | -2.24M | -2.39M | -2.44M | -2.17M | 1.39M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.03 | -0.01 | -0.09 | -0.06 | -0.10 | -0.05 | -0.12 | -0.16 | -0.21 | -0.18 | -0.11 | -0.17 | -0.13 | -0.07 | -0.11 | -0.14 | -0.15 | -0.15 | -0.14 | 0.09 |
| EPS Growth % | 70% | 78.64% | 25% | 63% | 52.38% | 72.17% | -9.09% | 5.88% | -61.54% | -150.7% | 0% | -21.43% | 13.33% | 52.13% | 21.43% | -255.56% | -7.14% | -1062.79% | -16.67% | 145% |
| EPS (Basic) | -0.03 | -0.01 | -0.09 | -0.06 | -0.10 | -0.05 | -0.12 | -0.16 | -0.21 | -0.18 | -0.11 | -0.17 | -0.13 | -0.07 | -0.11 | -0.14 | -0.15 | -0.16 | -0.14 | 0.09 |
| Diluted Shares Outstanding | 17.31M | 17.19M | 17.01M | 16.79M | 16.73M | 16.64M | 16.58M | 16.29M | 16.25M | 16.25M | 16.23M | 16.04M | 16M | 15.99M | 15.99M | 15.89M | 15.88M | 15.87M | 15.82M | 16.31M |
| Basic Shares Outstanding | 17.31M | 17.19M | 17.01M | 16.79M | 16.73M | 16.64M | 16.58M | 16.29M | 16.25M | 16.25M | 16.23M | 16.04M | 16M | 15.99M | 15.99M | 15.89M | 15.88M | 15.54M | 15.46M | 15.65M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |