Filing Flows › Iridex (IRIX) › Q4 2024
Iridex (IRIX) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 27, 2025
Iridex (IRIX) reported revenue of $12.7M for the fourth quarter 2024 (Q4 2024), +2% from a year earlier and +10% from the quarter before. Operating margin was -4.0%, net loss $834K (6.6% of revenue).
Iridex, Q4 2024: revenue $12.7M (+2% year over year), operating margin -4.0%, net loss $834K, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.7M | +10% | +2% |
| Operating profit | −$502K | — | — |
| Net earnings | −$834K | — | — |
| Operating cash flow | −$1.2M | — | — |
What changed
Revenue was $12.7M in Q4 2024, up 2% year over year and up 10% from the previous quarter. Retina was the largest line at 58% of revenue.
Gross margin was 44.0%, up 4.8 points from a year earlier. Operating costs exceeded revenue by $502K, an operating margin of -4.0%. Operating expenses fell 24% while revenue rose 2%. The quarter ended with a net loss of $834K, narrower than the previous quarter's $1.9M loss.
Operating cash flow was −$1.2M. Non-cash charges added back $135K of depreciation and amortization and $316K of share-based compensation. Working capital and other items used $855K. Capital expenditures of $9K exceeded it, leaving free cash flow of −$1.2M.
Questions
What was Iridex's revenue in the fourth quarter 2024?
Iridex (IRIX) reported revenue of $12.7M for the fourth quarter 2024 (Q4 2024), +2% from a year earlier and +10% from the quarter before.
Was Iridex profitable in the fourth quarter 2024?
Operating loss was $502K (-4.0% of revenue) and net loss $834K.
Source: Iridex 10-K on SEC EDGAR.