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IRIDEX CORP

IRIX Clue Score37
United States Fiscal year ends January CIK 0001006045
$0.89 -0.89% Close, 9 Oct 2026
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Price $0.89 −88.35% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue46.2Operating income−2.6Net income−11.7EPS, diluted−1.15Fiscal year 2017Revenue41.6 −9.9%Operating income−12.9Net income−12.9EPS, diluted−1.11Fiscal year 2018Revenue42.6 +2.4%Operating income−12.9Net income−12.8EPS, diluted−1.05Fiscal year 2019Revenue43.4 +2.0%Operating income−9.0Net income−8.8EPS, diluted−0.64Fiscal year 2021Revenue36.3 −16.3%Operating income−6.6Net income−6.3EPS, diluted−0.46Fiscal year 2022Revenue53.9 +48.3%Operating income−7.5Net income−5.2EPS, diluted−0.34Fiscal year 2022Revenue57.0 +5.7%Operating income−7.5Net income−7.5EPS, diluted−0.47Fiscal year 2023Revenue51.9 −9.0%Operating income−10.0Net income−9.6EPS, diluted−0.59Fiscal year 2024Revenue48.7 −6.2%Operating income−8.3Net income−8.9EPS, diluted−0.54Fiscal year 2026Revenue52.7 +8.2%Operating income−2.6Net income−4.4EPS, diluted−0.26
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2026
Revenue 46.2 41.6 42.6 43.4 36.3 53.9 57.0 51.9 48.7 52.7
Growth −9.9% +2.4% +2.0% −16.3% +48.3% +5.7% −9.0% −6.2% +8.2%
Operating income −2.6 −12.9 −12.9 −9.0 −6.6 −7.5 −7.5 −10.0 −8.3 −2.6
Net income −11.7 −12.9 −12.8 −8.8 −6.3 −5.2 −7.5 −9.6 −8.9 −4.4
Growth
EPS, diluted −1.15 −1.11 −1.05 −0.64 −0.46 −0.34 −0.47 −0.59 −0.54 −0.26
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin45.1%Operating margin−5.6%Net margin−25.4%Free cash flow margin−2.6%Fiscal year 2017Gross margin37.3%Operating margin−31.0%Net margin−30.9%Free cash flow margin−10.0%Fiscal year 2018Gross margin41.0%Operating margin−30.2%Net margin−30.1%Free cash flow margin−24.6%Fiscal year 2019Gross margin41.3%Operating margin−20.7%Net margin−20.3%Free cash flow margin−18.5%Fiscal year 2021Gross margin42.8%Operating margin−18.1%Net margin−17.4%Free cash flow margin−9.2%Fiscal year 2022Gross margin42.4%Operating margin−14.0%Net margin−9.7%Free cash flow margin14.8%Fiscal year 2022Gross margin44.5%Operating margin−13.2%Net margin−13.2%Free cash flow margin−17.2%Fiscal year 2023Gross margin42.0%Operating margin−19.3%Net margin−18.5%Free cash flow margin−13.2%Fiscal year 2024Gross margin40.1%Operating margin−17.1%Net margin−18.3%Free cash flow margin−15.0%Fiscal year 2026Gross margin36.5%Operating margin−4.9%Net margin−8.4%Free cash flow margin−4.3%
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2026
Gross margin 45.1% 37.3% 41.0% 41.3% 42.8% 42.4% 44.5% 42.0% 40.1% 36.5%
Operating margin −5.6% −31.0% −30.2% −20.7% −18.1% −14.0% −13.2% −19.3% −17.1% −4.9%
Net margin −25.4% −30.9% −30.1% −20.3% −17.4% −9.7% −13.2% −18.5% −18.3% −8.4%
Free cash flow margin −2.6% −10.0% −24.6% −18.5% −9.2% 14.8% −17.2% −13.2% −15.0% −4.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−0.1Capital expenditure−1.1Free cash flow−1.2Buybacks−0.1Fiscal year 2017Operating cash flow−3.6Capital expenditure−0.6Free cash flow−4.1Fiscal year 2018Operating cash flow−10.0Capital expenditure−0.4Free cash flow−10.5Fiscal year 2019Operating cash flow−7.9Capital expenditure−0.1Free cash flow−8.0Fiscal year 2021Operating cash flow−3.2Capital expenditure−0.1Free cash flow−3.3Fiscal year 2022Operating cash flow8.2Capital expenditure−0.2Free cash flow8.0Fiscal year 2022Operating cash flow−9.5Capital expenditure−0.3Free cash flow−9.8 −222.5%Fiscal year 2023Operating cash flow−6.7Capital expenditure−0.1Free cash flow−6.9Fiscal year 2024Operating cash flow−7.3Capital expenditure−0.0Free cash flow−7.3Fiscal year 2026Operating cash flow−2.1Capital expenditure−0.1Free cash flow−2.3
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2026
Operating cash flow −0.1 −3.6 −10.0 −7.9 −3.2 8.2 −9.5 −6.7 −7.3 −2.1
Capital expenditure −1.1 −0.6 −0.4 −0.1 −0.1 −0.2 −0.3 −0.1 −0.0 −0.1
Free cash flow −1.2 −4.1 −10.5 −8.0 −3.3 8.0 −9.8 −6.9 −7.3 −2.3
Growth −222.5%
Buybacks −0.1 n/a n/a n/a n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash23.7Shareholders’ equity39.2Fiscal year 2017Cash21.7Shareholders’ equity30.5Fiscal year 2018Cash21.2Shareholders’ equity30.0Fiscal year 2019Cash12.7Shareholders’ equity22.7Fiscal year 2021Cash11.6Total debt2.5Net cash (debt)9.1Shareholders’ equity17.4Debt to equity0.14Fiscal year 2022Cash23.9Shareholders’ equity23.3Fiscal year 2022Cash13.9Shareholders’ equity17.2Fiscal year 2023Cash7.0Shareholders’ equity9.5Fiscal year 2024Cash2.4Total debt1.0Net cash (debt)1.4Shareholders’ equity2.1Debt to equity0.48Fiscal year 2026Cash6.0Shareholders’ equity4.9
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2026
Cash 23.7 21.7 21.2 12.7 11.6 23.9 13.9 7.0 2.4 6.0
Total debt n/a n/a n/a n/a 2.5 n/a n/a n/a 1.0 n/a
Net cash (debt) n/a n/a n/a n/a 9.1 n/a n/a n/a 1.4 n/a
Shareholders’ equity 39.2 30.5 30.0 22.7 17.4 23.3 17.2 9.5 2.1 4.9
Debt to equity n/a n/a n/a n/a 0.14 n/a n/a n/a 0.48 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending January, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 30 Dec 2017 FY2018 29 Dec 2018 FY2019 28 Dec 2019 FY2021 2 Jan 2021 FY2022 1 Jan 2022 FY2022 31 Dec 2022 FY2023 30 Dec 2023 FY2024 28 Dec 2024 FY2026 3 Jan 2026
Revenue and profit
46.2 41.6 42.6 43.4 36.3 53.9 57.0 51.9 48.7 52.7
Growth −9.9% +2.4% +2.0% −16.3% +48.3% +5.7% −9.0% −6.2% +8.2%
25.3 26.1 25.1 25.5 20.8 31.1 31.6 30.1 29.2 33.4
20.8 15.5 17.5 17.9 15.6 22.8 25.4 21.8 19.5 19.2
Growth −25.6% +12.7% +2.7% −13.3% +46.7% +11.1% −14.0% −10.6% −1.4%
5.4 5.2 4.0 3.7 3.3 6.9 7.2 6.8 5.4 3.7
7.6 8.8 9.6 8.4 6.6 8.9 7.6 8.7 9.8 7.7
−2.6 −12.9 −12.9 −9.0 −6.6 −7.5 −7.5 −10.0 −8.3 −2.6
Growth
−2.7 −13.0 −12.8 −8.8 −6.3 −5.2 −7.5 −9.5 −8.8 −4.4
9.1 −0.1 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1
−11.7 −12.9 −12.8 −8.8 −6.3 −5.2 −7.5 −9.6 −8.9 −4.4
Growth
Per share
−1.15 −1.11 −1.05 −0.64 −0.46 −0.34 −0.47 −0.59 −0.54 −0.26
−1.15 −1.11 −1.05 −0.64 −0.46 −0.34 −0.47 −0.59 −0.54 −0.26
Growth
10.2 11.6 12.2 13.7 13.8 15.4 15.9 16.1 16.4 16.9
10.2 11.6 12.2 13.7 13.8 15.4 15.9 16.1 16.4 16.9
Growth +13.6% +5.6% +12.4% +1.0% +11.4% +3.4% +1.2% +1.9% +3.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 7.7% a year over five years.
  • The diluted share count rose 22.3% in five years, which is dilution.
  • Operating margin is up 13.2 points on five years ago, at -4.9%.
  • A net loss in 10 of 10 years on file.