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Stock impact report

IRIDEX Corp (IRIX) Q3 2024 Earnings Call Highlights: Strategic Moves and Glaucoma Growth Amid ... [Yahoo! Finance]

IRIDEX Corporation (IRIX) 
Last iridex corporation earnings: 3/12 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
IRIDEX Corp ( NASDAQ:IRIX ) has accelerated its strategic review process, with strong interest from multiple entities in its global brand and industry-leading products. The company has adopted cost-cutting measures to eliminate cash burn and aims to achieve breakeven operations in the fourth quarter. There is increasing momentum in the glaucoma products segment, with both probe and console sales up compared to the previous year. The introduction of the new IFI Laser platform at the American Academy of Ophthalmology meeting generated promising leads and orders. The revised LCD reimbursement change for glaucoma is expected to encourage more procedures using IRIDEX Corp ( NASDAQ:IRIX )'s laser consoles and probes, potentially increasing adoption. Revenue for the third quarter was lower than anticipated, primarily due to challenges in the retina business and shipment delays. The company experienced a 10% decline in total revenue compared to the same period last year, with a s Show less Read more
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