IRIDEX reports a narrower-than-expected Q1 loss but misses revenue estimates by $0.11M amid slight year-over-year decline.
IRIDEX reported a Q1 GAAP loss per share of $0.03, beating estimates by $0.04. The company’s revenue reached $11.8M, missing expectations by $0.11M and declining 0.8% year-over-year.
Non-GAAP adjusted EBITDA for Q1 2026 was $0.3 million, down from $0.4 million in Q1 2025. The results reflect ongoing challenges in revenue growth despite improved earnings performance.
No immediate market reaction was disclosed in the release.