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IRIDEX Reports Third Quarter 2008 Financial Results
Date:11/4/2008

herapeutic based laser systems, disposable laser probes and delivery devices to treat eye diseases in ophthalmology and skin disorders in the aesthetics market. IRIDEX products are sold in the United States through a direct sales force and internationally through a combination of a direct sales force and a network of approximately 100 independent distributors into 107 countries. For further information, visit the Company's website at http://www.iridex.com.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Act of 1934, as amended, relating to the Company's financial stability. Please see a detailed description of these and other risks contained in our Annual Report on Form 10-K for the fiscal year ended December 29, 2007 and our Quarterly Report on Form 10-Q for the third quarter ended September 27, 2008 filed with the Securities and Exchange Commission. Forward- looking statements contained in this announcement are made as of this date and will not be updated.

IRIDEX Corporation

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

(unaudited)

Three Months Ended Nine Months Ended

September September September September

27, 29, 27, 29,

2008 2007 2008 2007

Revenues $11,987 $13,575 $36,383 $41,390

Cost of revenues 6,997 7,390 21,257 23,412

Gross profit 4,990 6,185 15,126 17,978

Operating expenses:

Research and develo
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SOURCE IRIDEX Corporation
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