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

December 29, December 30, December 29, December 30,

2007 2006 2007 2006

Sales $14,142 $9,035 $55,532 $35,904

Cost of sales 7,836 4,023 31,248 17,099

Gross profit 6,306 5,012 24,284 18,805

Operating expenses:

Research and

development 1,143 1,556 5,779 5,511

Sales, general and

administrative 6,190 5,408 27,930 18,059

Impairment of

goodwill and

intangible assets 14,690 0 14,690 0

Total operating

expenses 22,023 6,964 48,399 23,570

(Loss) from operations (15,717) (1,952) (24,115) (4,765)

Legal settlement 0 0 2,500 0

Interest and other

(expense) income,

net (41) 194 (644) 733

(Loss) before income

taxes (15,758) (1,758) (22,259) (4,032)

Provision for income

taxes (13) (2,015) (13) (1,721)

Net (loss) ($15,771) ($3,773) ($22,272) ($5,753)

Net (loss) per common

share - basic ($1.82) ($0.48) ($2.69) ($0.75)

Net (loss) per common

share - diluted ($1.82) ($0.48) ($2.69) ($0.75)

Shares used in per

common share basic

calculations 8,679 7,811 8,293 7,713

Shares used in per

common share diluted

calculations 8,679 7,811 8,293 7,713

IRIDEX Corporation


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SOURCE IRIDEX Corporation
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