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IRIDEX Reports 2013 First Quarter Results
Date:5/2/2013

o the size and growth of and trends in the markets in which the Company operates, including market adoption of new technologies; the success of the Company's development, marketing and sales efforts, including the adoption of MicroPulse laser therapy devices; the Company's growth strategy; the Company's acquisition strategy; the Company's sales revenue growth, operational plans, and profitability expectations; the Company's projected fiscal 2013 financial results; and the Company's share repurchase program. 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 29, 2012 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 Corporation

Condensed Consolidated Statements of Operations

(In thousands, except per share data)(unaudited)Three Months EndedMarch 30,March 31, 20132012Total revenues

$
8,939$
8,305Cost of revenues

4,7084,319Gross profit

4,2313,986Operating expenses:Research and development

9961,182Sales and marketing

1,6251,864General and administrative

1,1861,176Proceeds from demutualization of insurance carrier

(473)-Total operating expenses

3,3344,222Income (loss) from continuing operations

897(236)  Other expense, net

(18)(27)Income (loss) from continuing operations before provision for income taxes

879(263)Provision for income taxes

52  Income (loss) from continuing operations, n
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SOURCE IRIDEX Corporation
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