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

ccounts payable

$
,580$
,514Accrued compensation

1,1801,389Accrued expenses

1,9201,438Accrued warranty

556607Deferred revenue

1,0141,002 Current liabilities held for sale

2,6633,247Total current liabilities

8,9139,197Long-Term Liabilities:Other long-term liabilities

810596Total liabilities

9,7239,793Stockholders' Equity:Convertible preferred stock

55Common stock

9289Additional paid-in capital

42,03241,168Accumulated other comprehensive loss

(35)(205)Treasury stock, at cost

(1,078)(430)Accumulated deficit

(18,590)(21,200)Total stockholders' equity

22,42619,427Total liabilities and stockholders' equity

$
32,149$
29,220IRIDEX Corporation2011 Continuing Operations and Discontinued Operations, Quarterly and Year(In thousands, except per share data)

(unaudited)Quarter Ended

Quarter Ended

Quarter Ended

Quarter Ended

Fiscal YearApril 2,

July 2,

October 1,

December 31,

December 31,2011

2011

2011

2011

2011Total revenues

$
8,196

$
8,085

$
8,258

$
8,620

$
33,159Cost of revenues

4,112

4,147

4,268

4,342

16,869Gross profit

4,084

3,938

3,990

4,278

16,290Operating expenses:Research and development

963

890

894

1,166

3,913Sales and marketing

1,778

1,786

1,747

2,147

7,458General and administrative

1,083

1,022

1,088

1,066

4,259Legal settlement, net of expenses---

(1,274)

(1,274)Total operating expenses

3,824

3,698

3,729

3,105

14,356Income from operations

260

240

261

1,173

1,934Other income (expense)   Legal settlement

-

800

-

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SOURCE IRIDEX Corporation
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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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