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IRIDEX Reports 2013 Third Quarter Results
Date:10/31/2013

and the Company's projected fiscal 2013 fourth quarter 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 29, 2012 and Quarterly Reports on Form 10-Q for the fiscal quarters ended March 30 and June 29, 2013 which were 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 EndedNine Months EndedSeptember 28,September 29,September 28,September 29,2013201220132012Total revenues

$9,526$7,881$27,675$24,631Cost of revenues

4,8023,97014,23812,623Gross profit

4,7243,91113,43712,008Operating expenses:Research and development

9231,0062,8033,294Sales and marketing

1,8691,8755,3405,861General and administrative

1,2671,6093,6904,018Proceeds from demutualization of insurance carrier

00(473)0Total operating expenses

4,0594,49011,36013,173Income (loss) from operations

665(579)2,077(1,165)Legal settlement

000800Other (expense) income, net

(85)(117)(200)(192)Income (loss) from continuing operations before provision for (benefits from) income taxes

580(696)1,877(557)Provision for (benefits from) income taxes

50(141)58(134)Income (loss) from continuing operations, net of tax

530(555)1,819(423)Income (loss) from discontinued operations, net of tax

0(190)0(413)Gain on sale of discontinued operations, net of tax

0002,032Income (loss) from discontinued operations, net of tax


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