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

1,621

Goodwill 3,239 3,239

Other intangible assets, net 4,185 5,944

Other long term assets 224 347

Total assets 35,756 46,654

Liabilities and Stockholders' Equity

Current Liabilities:

Accounts payable $2,593 $2,887

Bank line of credit 6,000 4,863

Accrued compensation 1,680 2,024

Accrued expenses 3,235 7,809

Accrued warranty 1,258 1,895

Deferred revenue 2,805 3,350

Bank term loan-current portion - 5,016

Total current liabilities 17,571 27,844

Stockholders' Equity:

Convertible preferred stock, $.01

par value:

Authorized: 2,000,000 shares;

Issued and outstanding: 500,000

shares in 2008 and 2007 5 5

Common Stock, $.01 par value:

Authorized: 30,000,000 shares; Issued

and outstanding: 8,824,301 shares in

2008 and 2007 89 89

Additional paid-in capital 39,087 38,695

Accumulated other comprehensive loss (238) (88)

Treasury stock, at cost (430) (430)

Accumulated deficit (20,328) (19,461)

Total stockholders' equity 18,185 18,810

Total liabilities and stockholders'

equity $
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SOURCE IRIDEX Corporation
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