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

pment 972 1,319 2,995 4,636

Selling, general and

administrative 4,248 5,920 13,356 21,740

Total operating expenses 5,220 7,239 16,351 26,376

Loss from operations (230) (1,054) (1,225) (8,398)

Legal settlement - - 800 2,500

Interest and other

expense, net (54) (184) (426) (603)

Loss before income taxes (284) (1,238) (851) (6,501)

Benefit (provision)

for income taxes 35 - (16) -

Net loss $(249) $(1,238) $(867) $(6,501)

Net loss per share -

basic and diluted $(0.03) $(0.15) $(0.10) $(0.80)

Shares used in computing

net loss per share -

basic and diluted 8,824 8,218 8,824 8,165

IRIDEX Corporation

Condensed Consolidated Balance Sheets

(In thousands)

(Unaudited)

September 27, December 29,

2008 2007

Assets (unaudited)

Current Assets:

Cash and cash equivalents $2,974 $5,809

Restricted cash - 3,800

Accounts receivable, net 9,215 8,876

Inventories, net 13,527 15,967

Prepaids and other current assets 1,264 1,051

Total current assets 26,980 35,503

Property and equipment, net 1,128
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SOURCE IRIDEX Corporation
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Related medicine news :

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4. IRIDEX Reports Fourth Quarter and Full Year 2007 Financial Results
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6. IRIDEX Reports Third Quarter Financial Results
7. IRIDEX Announces Third Quarter 2007 Conference Call and Release Date
8. Theodore A. Boutacoff Appointed President & CEO of IRIDEX
9. James B. Hawkins Appointed to IRIDEX Board of Directors
10. IRIDEX Appoints Burr, Pilger & Mayer New Independent Auditor
11. William Moore Appointed to IRIDEX Board of Directors
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