Navigation Links
IRIDEX Reports Growing Revenue and Profits in 2011 First Quarter
Date:5/5/2011

MOUNTAIN VIEW, Calif., May 5, 2011 /PRNewswire/ -- IRIDEX Corporation (Nasdaq: IRIX) today reported that growing demand for new products and consumables drove sales and improved financial results for the first quarter ended April 2, 2011.

  • Earnings increased 17% to $0.6 million or $0.06 per diluted share, up from $0.5 million or $0.05 per diluted share reported in the first quarter 2010.
  • Direct ophthalmology sales grew 10%.
  • Total sales increased to $11.2 million in the first quarter 2011, up 4% from $10.8 million in the prior year period.  
  • Management reaffirmed its goal of growth from existing ophthalmology business lines being at least 10% for 2011, with any growth from acquisitions additive to that rate.

  • "The first quarter results marked a great start to the year as we met or exceeded our internal goals in almost all commercial categories. Our direct ophthalmology business grew 10% in the first quarter as we saw an uptick in both capital equipment and growth in consumable sales," stated Theodore A. Boutacoff, President and CEO. "We also continue to see growing academic and clinical interest in our MicroPulse™ technology, which customers are using to perform tissue sparing laser photocoagulation procedures."

    "Furthermore, today we announced that the board approved a $2 million share repurchase program. We see this as an additional tactic in our overall goal of increasing shareholder value and follows on from our recent purchase of the remaining 76,000 shares held by American Medical Systems Holding, Inc."

    Guidance for second quarter of fiscal year 2011: revenue between $10.7 million and $11.0 million representing an 8% to 11% increase over Q2 2010, gross margins between 46% and 49% and operating expenses between $4.5 million and $4.7 million.  

    2011 First Quarter Business Highlights

  • IRI
    '/>"/>

  • SOURCE IRIDEX Corporation
    Copyright©2010 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5

    Related medicine technology :

    1. IRIDEX Granted U.S. Patent for Stepped Angled Laser Handpieces Used in Eye Surgery
    2. IRIDEX Announces First Quarter 2011 Conference Call and Release Date
    3. IRIDEX to Present at the Roth OC Growth Stock Conference in Dana Point, CA
    4. IRIDEX Reports Strong Growth and Profits in 2010 Fourth Quarter
    5. IRIDEX to Present at the OneMedForum San Francisco 2011 Conference
    6. IRIDEX Reports Improved Third Quarter 2010 Financial Results
    7. IRIDEX Announces Third Quarter 2010 Conference Call and Release Date
    8. IRIDEX Announces Commercial Availability of New Adjustable & Intuitive EndoProbe® Device for Eye Surgery
    9. IRIDEX Announces Second Quarter 2010 Conference Call and Release Date
    10. IRIDEX Granted U.S. Patent for Adjustable Laser Probe for Eye Surgery
    11. IRIDEX Announces First Commercial Shipment of New IQ 532(TM) Laser Systems
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:6/30/2015)...  IGI Laboratories, Inc. (NYSE MKT: IG), a ... company, today announced it has submitted its fifth abbreviated ... Drug Administration (FDA) of 2015, which brings the Company,s ... FDA to twenty-seven. Jason Grenfell-Gardner , ... our current pipeline of twenty-seven submissions, exclusive of our ...
    (Date:6/30/2015)...  A new report released today from the Institute ... education and training opportunities to reduce barriers to the ... Annual rates of CPR and AED use by bystanders ... United States even though evidence indicates that ... Red Cross strongly supports the IOM,s recommendation to encourage ...
    (Date:6/30/2015)... VALLEY, Pa. , June 30, 2015 /PRNewswire/ ... and delivering innovative solutions for medical and surgical ... is guaranteeing next-day replacements for surgical equipment at ... product manufacturer to offer this type of guarantee. ... Olympus Full Service Agreement earlier this year. ...
    Breaking Medicine Technology:IGI Laboratories, Inc. Announces Fifth ANDA Submission Of 2015 2New Recommendations in Cardiac Arrest Protocol Advocate for Increased CPR and AED Training to Improve U.S. Survival Rates 2New Recommendations in Cardiac Arrest Protocol Advocate for Increased CPR and AED Training to Improve U.S. Survival Rates 3New Recommendations in Cardiac Arrest Protocol Advocate for Increased CPR and AED Training to Improve U.S. Survival Rates 4Olympus Introduces Industry-First Next-Day Product Replacement Guarantee for Surgical Business 2Olympus Introduces Industry-First Next-Day Product Replacement Guarantee for Surgical Business 3
    ... 2011 Cardinal Health today announced that its board of directors ... on April 15 to shareholders of record on April 1. This ... About Cardinal Health Headquartered in ... a $99 billion health care services company that improves ...
    ... ANGELES, Feb. 1, 2011 A breakthrough in stroke ... in stroke survivors has published today. In the February ... the first human results of a new method ... reported. Rapid improvement in impaired motor function, gait, hand ...
    Cached Medicine Technology:Cardinal Health Declares Regular Quarterly Dividend 2Inflammation Identified as New Therapeutic Target Years After Stroke 2
    (Date:6/30/2015)... ... June 30, 2015 , ... ... it has more than doubled the size of its medical staff to further ... staff -- which includes physicians, nurse practitioners and physician assistants -- now totals ...
    (Date:6/30/2015)... ... June 30, 2015 , ... From the moment a patient enters the office ... care that they receive and the luxury in which they are bathed. The ... proud to offer the same experience, just better! , Their office is a state-of ...
    (Date:6/30/2015)... ... 30, 2015 , ... The U.S. Women's National Soccer Team will face the Costa Rica ... be on Sunday, August 16th at Heinz Field in Pittsburgh at 1:30 p.m. local time. ... Stadium in Chattanooga, TN. , The USA WNT previously played at Heinz Field in Pittsburgh ...
    (Date:6/30/2015)... Buffalo, NY (PRWEB) , ... June 30, 2015 ... ... world’s newest oncology centers are partnering to improve access to cancer prevention, screening ... Lakeshore Cancer Center (LCC) have announced an affiliation that will see Roswell Park ...
    (Date:6/30/2015)... ... ... After more than five years of research and development that includes ... specifically formulated for the unique skin of all people of color — is now ... time to help protect the skin of all people of color this July Fourth ...
    Breaking Medicine News(10 mins):Health News:Lakeview Health, a Nationally Recognized Drug Rehabilitation Center in Florida, Doubles Size of Medical Staff 2Health News:NJ Top Dentist, Dr. Laurence C. Breiterman is Now Offering the WOW Factor at His Highly Regarded Dental Practice 2Health News:NJ Top Dentist, Dr. Laurence C. Breiterman is Now Offering the WOW Factor at His Highly Regarded Dental Practice 3Health News:NJ Top Dentist, Dr. Laurence C. Breiterman is Now Offering the WOW Factor at His Highly Regarded Dental Practice 4Health News:USA vs. Costa Rica Tickets at Heinz Field in Pittsburgh and Finley Stadium in Chattanooga: Ticket Down Slashes Presale Ticket Prices for Costa Rica vs. USA WNT 2Health News:Intercontinental Oncology Partnership Brings Access to Specialized Cancer Care to Nigeria 2Health News:Intercontinental Oncology Partnership Brings Access to Specialized Cancer Care to Nigeria 3Health News:Intercontinental Oncology Partnership Brings Access to Specialized Cancer Care to Nigeria 4Health News:Intercontinental Oncology Partnership Brings Access to Specialized Cancer Care to Nigeria 5Health News:GlobalSun – The First Sunscreen Developed for All People of Color – Hits The Market 2
    ... linked to improved physical performance, ALEXANDRIA, Va., ... to "quick fixes" like caffeine and,performance-enhancing supplements, which ... their sex lives, they are losing sight of ... good night,s sleep., According to the 2008 ...
    ... that Declines in Ozone and Particle Pollution Have,Stalled, ... issued its annual report card on air pollution ... pollution: short-term particle,pollution, year-round particle pollution and ozone ... California, Pittsburgh, Pennsylvania, tops one of,the most polluted ...
    ... Inc. (NYSE: BKD ) announced today that it ... the market closes on Wednesday, May 7,2008. The Company ... on,Thursday, May 8, 2008 at 8:00 AM ET. The ... within the U.S.) or (706) 634-9069 (from,outside of the ...
    ... BALTIMORE, April 30 Retirement Living TV ... together to bring a compelling,dialogue on the ... Washington,Northern Virginia and Southern Delaware television markets ... Solutions. The nation,s leading,political and public leaders ...
    ... youngsters to play more outdoors , , WEDNESDAY, April 30 (HealthDay ... of trees have lower rates of asthma than children who ... , Researchers looked at asthma rates among children aged 4 ... age 15, in 42 service districts of New York City. ...
    ... Now the Only Treatment Approved to Both Reduce Exacerbations ... ... April 30 The,U.S. Food and Drug Administration today approved ... inhalation powder),for the reduction of exacerbations in patients with chronic ...
    Cached Medicine News:Health News:Americans Get Physical After a Good Night in Bed 2Health News:Americans Get Physical After a Good Night in Bed 3Health News:Americans Get Physical After a Good Night in Bed 4Health News:American Lung Association Issues State of the Air Report: First City Outside California (Pittsburgh) Tops One of the Most-Polluted Lists 2Health News:American Lung Association Issues State of the Air Report: First City Outside California (Pittsburgh) Tops One of the Most-Polluted Lists 3Health News:American Lung Association Issues State of the Air Report: First City Outside California (Pittsburgh) Tops One of the Most-Polluted Lists 4Health News:Brookdale Announces First Quarter 2008 Release and Earnings Call 2Health News:Retirement Living TV Partners with Maryland Public Television to Address the Issue of Healthcare in America Through Its Series Healthcare '08: Search for Solutions 2Health News:Retirement Living TV Partners with Maryland Public Television to Address the Issue of Healthcare in America Through Its Series Healthcare '08: Search for Solutions 3Health News:Tree-Lined Streets Associated With Lower Childhood Asthma Rates 2Health News:FDA Approves Advair(R) 250/50 for Reduction of Exacerbations in Patients With COPD 2Health News:FDA Approves Advair(R) 250/50 for Reduction of Exacerbations in Patients With COPD 3Health News:FDA Approves Advair(R) 250/50 for Reduction of Exacerbations in Patients With COPD 4
    ... Designed to inform decision making, ... patient data on demand. Clinicians ... to lab results, medication profiles, ... profiles, and clinical notes such ...
    ... Thermo Labsystems was designed specifically to combine ... such as the new fast dial system ... help to define this as a new ... interchangeable handle plate offers a custom fit ...
    Research Series 2100 Adjustable-volume Pipette, 0.1-2.5 l, single-channel with adjustable-volume setting...
    Pipetman P is a fully adjustable, air-displacement pipette with the selected volume shown on a digital indicator (volumeter). Eight models cover the full range of volumes from 0.2 L to 10 mL....
    Medicine Products: