IRIDEX Corporation provided revenue guidance for the year 2023. With lower-than-expected probe unit sales growth and capital equipment softness in the first half of the year, the Company is updating its full year 2023 expectations as follows: Cyclo G6 probe sales of 61,000 to 63,000 units representing approximately 1% to 5% growth over 2022 and Cyclo G6 systems installed base expansion of 210 to 230 systems. Total revenue for the full year is expected to be $55 million to $57 million, representing flat to 3% growth year-over-year, after adjusting for approximately $1.5 million reduction in royalty revenue. The updated financial outlook reflects stabilization in capital equipment demand and a more gradual G6 probe utilization ramp.
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
2.76 USD | -3.16% | -6.12% | -1.78% |
Mar. 26 | Transcript : IRIDEX Corporation, Q4 2023 Earnings Call, Mar 26, 2024 | |
Mar. 26 | Earnings Flash (IRIX) IRIDEX CORPORATION Reports Q4 Revenue $12.5M, vs. Street Est of $14.9M | MT |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-1.78% | 46.32M | |
+7.65% | 217B | |
+5.93% | 183B | |
+10.13% | 131B | |
+24.52% | 106B | |
-0.95% | 62.16B | |
+10.36% | 51.02B | |
+4.81% | 50.89B | |
-1.17% | 40.16B | |
+0.78% | 34.79B |
- Stock Market
- Equities
- IRIX Stock
- News IRIDEX Corporation
- IRIDEX Corporation Provides Revenue Guidance for the Year 2023