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IRIDEX Reports Fourth Quarter and Full Year 2009 Financial Results
Date:3/4/2010

a result of a number of factors.  Please see a detailed description of these and other risks contained in our Quarterly Report on From 10-Q for the quarter ended October 3, 2009 and our Annual Report on Form 10-K for the fiscal year ended January 3, 2009, each of 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.

    
    
                                IRIDEX Corporation
                  Condensed Consolidated Statements of Operations
                         (In thousands, except per share data)
                                    (unaudited)
    
                              Three Months Ended      Twelve Months Ended  
                             January 2,  January 3,  January 2,  January 3, 
                                2010        2009        2010        2009 
                                ----        ----        ----        ---- 
                                                                          
    Revenues                  $11,563     $12,145     $43,212     $48,528 
    Cost of revenues            6,289       7,592      22,939      28,849 
                                -----       -----      ------      ------ 
        Gross profit            5,274       4,553      20,273      19,679 
                                -----       -----      ------      ------ 
                                                                          
    Operating expenses:                                                   
      Research and                                                        
       development                974       1,015       3,609       4,009 
      Sales and marketing       2,507       2,987       9,273      10,998 
      General and                                                         
       administrative           1,006       1,498
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SOURCE  IRIDEX Corporation
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