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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