IRIDEX Reports Third Quarter Financi...(thin themeaning of Section 27A of the Se...),Health

Date:11/19/2007

thin 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 growth strategy and prospects, revenues, gross margins, and earnings, expenses, integrating the aesthetics business acquired from Laserscope and realizing efficiencies and synergies relating thereto, controlling costs, managing cash, and addressing our liquidity and capital resource needs. Actual results could differ materially and adversely from those projected in the forward-looking statements contained in our Quarterly Reports on Form 10-Q and Annual Report on Form 10-K for the fiscal year ended December 30, 2006 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

29, 30, 29, 30,

2007* 2006 2007* 2006

Sales $13,575 $9,222 $41,390 $26,869

Cost of sales 7,390 4,350 23,412 13,076

Gross profit 6,185 4,872 17,978 13,793

Operating expenses:

Research and development 1,319 1,506 4,636 3,955

Sales, general and administrative 5,920 4,854 21,740 12,651

Total operating expenses 7,239 6,360 26,376 16,606

Income (loss) from operations (1,054) (1,488) (8,398) (2,813)

Legal settlement
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SOURCE IRIDEX Corporation Copyright©2007 PR Newswire. All rights reserved

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