Navigation Links
IRIDEX Reports Fourth Quarter and Full Year 2007 Financial Results
Date:4/10/2008

at the time of the acquisition and realizing an impairment charge of $14.7 million to reflect our current expectations for the business. We believe that the products acquired in the transaction remain attractive to the market but we recognize that we have yet to establish an adequate sales channel to exploit its potential, particularly in the US. Our focus in 2008 is to establish that channel."

Balance Sheet

Cash and cash equivalents were $5.8 million as of December 29, 2007 (this does not include $3.8 million in restricted cash), down from $21.1 million at December 30, 2006. Inventories were $16.0 million as of December 29, 2007, compared with inventories of $9.5 million at December 30, 2006. Inventory turns were 1.3 turns in 2007, compared with 1.9 turns for the full year 2006. Accounts receivable were $8.9 million as of December 29, 2007, compared with $6.1 million as of December 30, 2006. Quarterly days' sales outstanding improved to 57 days in 2007 compared with 61 days for 2006.

The Company's financial statements and audit opinion for the fiscal year ended December 29, 2007, which were filed with its Annual Report on Form 10-K on April 10, 2008, included a going concern qualification received from its independent registered public accounting firm. This announcement is being made in compliance with Nasdaq Marketplace Rule 4350(b)(1)(B), which requires separate disclosure of receipt of an audit opinion that contains a going concern qualification. This announcement does not represent any change or amendment to the Company's 2007 financial statements or to its Annual Report on Form 10-K.

Conference Call

IRIDEX Management will conduct a conference call later today, Thursday April 10, 2008 at 5:00 pm EDT. Interested parties may access the live conference call via telephone by dialing (800) 240-7305 (US) or (303) 262-2130 (International), or visit the Company's website at http://www.iri
'/>"/>

SOURCE IRIDEX Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8

Related medicine news :

1. IRIDEX Announces Fourth Quarter and Full Year 2007 Conference Call and Release Date
2. IRIDEX Reports Third Quarter Financial Results
3. IRIDEX Announces Third Quarter 2007 Conference Call and Release Date
4. Theodore A. Boutacoff Appointed President & CEO of IRIDEX
5. James B. Hawkins Appointed to IRIDEX Board of Directors
6. IRIDEX Appoints Burr, Pilger & Mayer New Independent Auditor
7. William Moore Appointed to IRIDEX Board of Directors
8. IRIDEX Announces Closing of $5.0 Million Private Placement
9. Haemacure Reports on its annual general and special meeting of shareholders
10. Obesity Costs U.S. Companies as Much as $45 Billion a Year, The Conference Board Reports
11. Consumer Reports: If Your Gums Could Speak
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/29/2014)... Honey Gifts, premium Vancouver adult toys ... be selling purse-sized adult toys and erotic products. These ... can be carried in a woman’s purse with complete ... at Honey Gifts is also leak-free and will not ... batteries are common characteristics of Honey Gifts’ portable toys ...
(Date:8/29/2014)... 2014 The Fruit and ... over the five years to 2014 due to ... less disposable income and, consequently, reduced purchases of ... less frequently. As a result, demand from grocery ... growth. “After 2010, levels of household disposable income ...
(Date:8/29/2014)... Barbara, CA (PRWEB) August 29, 2014 ... in Santa Barbara in the Santa Barbara News-Press Readers’ ... Evolutions won the Readers’ Choice poll as Best Medical ... 20, 2014 reads the following about Evolutions Medical Spa ... spa, but it is recognized as a top-notch, cutting-edge ...
(Date:8/29/2014)... 2014 September yoga month was created ... yoga and its health benefits. To support this Ekhart ... their "Yoga Month Challenge" , This 4 week guided ... and experienced yogis practice yoga regularly from their own ... Challenge ' is suitable for all levels, and the ...
(Date:8/29/2014)... Senior Independence has promoted ... development. , Rees has been with Senior Independence since ... , A wholly owned subsidiary of Ohio Presbyterian ... with options, including personalized home health care (e.g., physical ... and therapeutic adult day centers. , Rees will continue ...
Breaking Medicine News(10 mins):Health News:Honey Gifts Now Provides Purse Sized Adult Toys in Vancouver 2Health News:Fruit and Vegetable Wholesaling in Canada Industry Market Research Report Now Available from IBISWorld 2Health News:Fruit and Vegetable Wholesaling in Canada Industry Market Research Report Now Available from IBISWorld 3Health News:Evolutions Named Best Medical Spa in Santa Barbara by Santa Barbara News Press 2Health News:Evolutions Named Best Medical Spa in Santa Barbara by Santa Barbara News Press 3Health News:Ekhart Yoga Launches the Yoga Month Challenge 2Health News:Senior Independence Promotes Rees to Vice President of Operations & Business Development 2
... the ageing of the body is directly connected to the aging ... studying baboons aged between 5 and 30 years, wherein it was ... significant increase in the ageing cells in their skin. ... body are linked may seem obvious, but the lack of evidence ...
... arrested for mailing thousands of anthrax hoax ... mailed to US President George W Bush. ... allegedly threatened to use a weapon of ... that the letters were mailed to government ...
... in the health services sector in India, which ... International’s 2006 Global Corruption Report. // The ... Rs 20.17 billion annually by way of corruption. ... of medicines, over-prescription, and counterfeit drugs. ...
... found that a sudden increase in HtrA1 protein levels in ... be // affected by preeclampsia. Preeclampsia is responsible for causing ... mother and fetus. ,This new protein marker may ... plans of testing the values of this blood marker in ...
... people are taking over the counter drugs without reading the ... Mostly people take pain // relievers like ibuprofen and aspirin ... ,People take over the counter drugs to relieve ... relief, cough and cold symptoms which may lead to wrong ...
... than Diabetes and Heart disease. But little is done to ... // services need a revamp according to Prime Minister John ... the system, aferall only the wearer knows exactly where the ... health service is on the anvil. The Prime minister, in ...
Cached Medicine News:Health News:Australia's Mentally ill, ill at ease with Quality of Care 2
(Date:8/28/2014)... Aug. 28, 2014 Pharmatech initiated enrollment ... into this game-changing method for matching cancer patients ... clinical trials target specific cancers, disease staging, and ... for the cancer, in the first place. The ... information may not be well known to the ...
(Date:8/28/2014)... Aug. 28, 2014  In anticipation of the upcoming ... made available for the first time. Industry Overview: Medtech ... offers a snapshot of San Diego,s ... everything from the latest employment statistics to current venture capital ... San Diego such a vital part of the ...
(Date:8/28/2014)... Nonin Medical, Inc., the inventor of finger pulse oximetry ... that the Food and Drug Administration (FDA) has cleared ... use in the United States . ... or kiosk through a USB connector and measures oxygen ... The Model 3231 received EU certification last year. ...
Breaking Medicine Technology:Enrollment in Pharmatech's Revolutionary AccessPPM Program Launches 2New Infographic Published - Overview of Medtech & Life Sciences Industry in San Diego 2Nonin Medical Announces FDA Clearance of Nonin Model 3231 USB Pulse Oximeter 2
... Va., Oct. 6 With October ... Association (NCPA) encourages community pharmacists to demonstrate their ... all aspects of medications, from dispensing to disposal. ... (Logo: http://photos.prnewswire.com/prnh/20100106/DC33253LOGO ) ...
... 6 Baxano, Inc. ( www.baxano.com ) today announced that ... Technology for Spine Care at the 2010 Spine Technology Awards. ... first place in the Best New Technology in Lumbar Care. ... 2010 Spine Technology Awards Gala in Orlando, FL. Baxano, Inc. ...
Cached Medicine Technology:NCPA Encourages Pharmacists to Promote Medication Expertise from Dispensing to Disposal 2NCPA Encourages Pharmacists to Promote Medication Expertise from Dispensing to Disposal 3Baxano, Inc. Awarded Prestigious 2010 Spine Technology Awards 2
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
Medicine Products: