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IRIDEX Reports 2011 Fourth Quarter and Year-End Results
Date:3/1/2012

taken the next big step in making consumable products a key part of our growth strategy.  And we now have growing affirmation that vision-preserving MicroPulse laser therapy is the way of the future – it makes more economic sense to healthcare systems, it is more profitable for physicians and healthcare providers and it has improved clinical outcomes for the patient compared to the current standard of care. We now have 10 year data and a pronouncement from the UK's National Institute of Health and Clinical Excellence to support our assertions."

"As a result of these accomplishments, IRIDEX is uniquely positioned as the only public company with an exclusive focus on the large and growing retinal disease and glaucoma markets. In the coming year we will leverage our strong clinical foundation by adding more commercial focus to our business and product portfolio to drive significant revenue growth," continued Dr. Beck.

Guidance for first quarter of fiscal 2012: Historically, the Company has provided quarterly revenue, margin and operating expense guidance for the coming 3-month period and intends to continue that practice in the future.  Given the complexities surrounding the closing of the sale of the aesthetics business and related organizational changes in the first quarter, providing an accurate assessment of margin and income is not possible at this time.  Revenues are expected to be in the range of $8.5 million to $8.8 million. Gross margins and operating expenses will be impacted by special costs involved with selling the aesthetics business and the resulting organizational changes that have been made following that divestiture.  For your information, the Company has provided an additional schedule with this press release that presents the four quarters and year for 2011 separating continuing operations from discontinued operations.

During the fourth quarter 2011, the Company continued to execute its share repurchas
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5. 10-Year Study Demonstrates IRIDEX MicroPulse™ Laser Therapy Safe, Effective for Patients with Diabetic Macular Edema
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10. IRIDEX Names Veteran Healthcare Executive Dominik Beck President, CEO
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