IRIDEX reports a $0.07 per share GAAP loss and $12.6M revenue, both below analyst expectations for Q2.
IRIDEX posted a Q2 GAAP loss of $0.07 per share, missing estimates by $0.06. Revenue fell 7.4% year-over-year to $12.6 million, short of projections by $0.99 million.
The company’s non-GAAP adjusted EBITDA loss widened to $0.4 million from $21 thousand in the same period last year. Analysts had anticipated narrower losses amid softer demand.
Shares may face pressure as the results underscore ongoing challenges in revenue growth and profitability.