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IRIX

IRIDEX Corporation

IRIX

NASDAQ·Healthcare·Medical - Devices·Mkt cap $12.1M

$0.70

-0.10%

P/E

-3.49

Mkt Cap

$12.1M

52-Wk Range

$0.69–$1.65

52-Week Range

$0.69 - $1.65

P/E

-3.49

Fwd P/E

-5.83

Beta

0.63

Div Yield

0.00%

Avg Vol

66.7K

Shares Out

17.4M

Mkt Cap

$12.1M

Price action

Price chart

Down 49.3% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Proprietary laser technology and FDA-cleared product portfolio with limited direct competitors
  • Recurring revenue model through consumable instrumentation and probe replacements
  • Established relationships with ophthalmologists, hospitals, and surgical centers globally
  • Specialized expertise in therapeutic laser systems for sight-threatening diseases

Bear Case

1 risk

  • Low volatility (beta 0.6).

Growth

Stable outlook

Rising prevalence of diabetic retinopathy and age-related macular degeneration globally

Value

Deep value opportunity - significant discount to Medical Devices peers

Momentum

Falling

-36.9% over 3m

Quality

Stable

Mixed fundamentals

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Nov 17, 2026

Q3 26 RECAP

AUG 18, 2026

Reported EPS of -$0.07 vs -$0.01 consensus (-600.0% surprise). Revenue of $12.6M vs $13.6M expected (-7.5%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Estimate

Actual

Q3 26

-600.0%

Revenue trend · last 8Q

+1%

+7%

+8%

+16%

-1%

-7%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 26

Q1 26

Q2 26

$11.6M

$12.7M

$11.9M

$13.6M

$12.5M

$14.7M

$11.8M

$12.6M

Margins · last 8Q

Gross

34.2%

Operating

-8.2%

Profit

-10.1%

Wall Street consensus

Analyst coverage

Live ratings and price targets aggregated across covering analysts.

vs Industry

How IRIX stacks vs Medical - Devices

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.