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IRIDEX Reports 2013 Second Quarter Results; $9.2 Million Record Q2 Revenue
Date:8/1/2013

,4368,653Gross profit

4,4824,1118,7138,097Operating expenses:Research and development

8841,1061,8802,288Sales and marketing

1,8462,1223,4713,986General and administrative

1,2371,2332,4232,409Proceeds from demutualization of insurance carrier

--(473)-Total operating expenses

3,9674,4617,3018,683Income (loss) from operations

515(350)1,412(586)Other (expense) income, net

(97)752(115)725Income from continuing operations before provision for income taxes

4184021,297139Provision for income taxes

3587Income from continuing operations, net of tax

4153971,289132Income (loss) from discontinued operations, net of tax

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

---2,032Income (loss) from discontinued operations, net of tax

-(61)-1,809Net income

$415$336$1,289$1,941Net income (loss) per share:BasicContinuing operations

$0.05$0.04$0.15$0.01Discontinued operations

0.000.000.000.21Net income

$0.05$0.04$0.15$0.22DilutedContinuing operations

$0.04$0.04$0.13$0.01Discontinued operations

0.00(0.01)0.000.18Net income

$0.04$0.03$0.13$0.19Weighted average shares used in computing net income per share Basic

8,8248,9838,6688,958Diluted

10,00510,2869,90310,270IRIDEX Corporation

Condensed Consolidated Balance Sheets

(In thousands)

(unaudited)June 29,December 29,20132012AssetsCurrent Assets:Cash and cash equivalents

$
3,505$
,901Accounts receivable, net

6,1485,480Inventories

8,9408,035Prepaid and other current assets

1,0951,129Current assets of discontinued operations

-510Total current assets

29,68827,055Property and equipment, net

432483Intangible assets, net

437554Goodwill

533533Other long-term assets

280287Total assets

$
31,370$
28,912Liabi
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SOURCE IRIDEX Corporation
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