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IRIDEX Reports 2012 First Quarter Results
Date:5/3/2012

nt distributors into over 100 countries. For further information, visit the Company's website at http://www.iridex.com/.

Safe Harbor StatementThis announcement contains forward-looking statements within 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 size and growth of markets in which the Company operates, the Company's growth strategy, MicroPulse laser therapy, sales revenue growth, operational plans and the Company's projected fiscal 2012 financial results.  These statements are not guarantees of future performance and actual results may differ materially from those described in these forward-looking statements as a result of a number of factors.  Please see a detailed description of these and other risks contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2011 which was 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.

TABLES FOLLOW

 IRIDEX CorporationCondensed Consolidated Statements of Operations(In thousands, except per share data)(unaudited)Three Months EndedMarch 31,April 2,20122011Total revenues

$8,305$8,196Cost of revenues

4,3194,112Gross profit

3,9864,084Operating expenses:Research and development

1,182963Sales and marketing

1,8641,778General and administrative

1,1761,083Total operating expenses

4,2223,824(Loss) income from operations

(236)260Other (expense) income, net

(27)4(Loss) income from continuing operations before income taxes

(263)264Provision for  income tax

279(Loss) income from continuing operations, net of tax

(265)185(Loss) income from discontinued operations, net of tax

(162)381Gain on sale of discontinued operat
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SOURCE IRIDEX Corporation
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