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

et of tax

874(265)  Loss from discontinued operations, net of tax

-(162)  Gain on sale of discontinued operations, net of tax

-2,032  Income from discontinued operations, net of tax

-1,870Net income

$
874$
,605Net income (loss) per share: Basic -  Continuing operations

$0.10($0.03)  Discontinued operations

0.000.21  Net income

$0.10$0.18 Diluted -  Continuing operations

$0.09($0.03)  Discontinued operations

0.000.21  Net income

$0.09$0.18Weighted average shares used in computing net income (loss) per share  - basic

8,5118,933Weighted average shares used in computing net income (loss) per share  - diluted

9,8028,933IRIDEX Corporation

Condensed Consolidated Balance Sheets

(In thousands)

(unaudited)March 30, December 29,20132012AssetsCurrent assets:Cash and cash equivalents

$
,581$
,901Accounts receivable, net

6,0315,480Inventories

8,1478,035Prepaid expenses and other current assets

1,1231,129Current assets of discontinued operations

510510Total current assets

27,39227,055Property and equipment, net

440483Other intangible assets, net

489554Goodwill

533533Other long-term assets

298287Total assets

$
29,152$
28,912Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable

$
,280$
2,105Accrued compensation

1,4421,563Accrued expenses

1,3721,242Accrued warranty

446453Deferred revenue

9431,004Total current liabilities

5,4836,367Long-term liabilities:Other long-term liabilities

542640Total liabilities

6,0257,007Stockholders' equity:Convertibl
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SOURCE IRIDEX Corporation
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