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.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.