IRIDEX Corporation (IRIX) Financial Statements (2024 and earlier)

Company Profile

Business Address 1212 TERRA BELLA AVE
MOUNTAIN VIEW, CA 94043
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,92223,85211,62612,65321,19421,707
Cash and cash equivalents13,92223,85211,62612,65321,19421,707
Receivables9,7689,7167,2899,3239,0837,863
Inventory, net of allowances, customer advances and progress billings10,6087,6145,7148,1748,7949,381
Inventory10,6087,6145,7148,1748,7949,381
Other undisclosed current assets1,4681,071730401547500
Total current assets:35,76642,25325,35930,55139,61839,451
Noncurrent Assets
Operating lease, right-of-use asset1,6652,5651,4282,764
Property, plant and equipment4624284497301,2201,403
Intangible assets, net (including goodwill)2,9423,170601617633649
Goodwill965965533533533533
Intangible assets, net (excluding goodwill)1,9772,2056884100116
Other noncurrent assets1,455271132151201143
Total noncurrent assets:6,5246,4342,6104,2622,0542,195
TOTAL ASSETS:42,29048,68727,96934,81341,67241,646
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,4067,5394,9196,5348,2416,336
Employee-related liabilities3,1921,9652,3982,9622,459
Accounts payable3,8582,7721,1482,5922,5161,724
Accrued liabilities1,5481,5751,8061,5442,7632,153
Deferred revenue2,4112,3559381,450
Debt   1,2491,414  
Deferred revenue and credits2,520
Due to related parties15627    
Contract with customer, liability2,225
Other liabilities9681,098    
Other undisclosed current liabilities3,6531,0271,5753806221,536
Total current liabilities:12,45312,6468,6819,77811,08810,392
Noncurrent Liabilities
Long-term debt and lease obligation:  1,7292821,795  
Liabilities, other than long-term debt12,60611,013392535623732
Accounts payable and accrued liabilities1065881156238199
Deferred revenue11,74210,930289360
Other liabilities26252219385533
Operating lease, liability7321,7292821,795
Other undisclosed noncurrent liabilities   1,248   
Total noncurrent liabilities:12,60612,7421,9222,330623732
Total liabilities:25,05925,38810,60312,10811,71111,124
Equity
Equity, attributable to parent17,23123,29917,36622,70529,96130,522
Common stock169168148147145126
Additional paid in capital86,80285,25574,18173,09371,54859,385
Accumulated other comprehensive income (loss)(24)45(19)8070 
Accumulated deficit(69,716)(62,169)(56,944)(50,615)(41,802)(28,989)
Total equity:17,23123,29917,36622,70529,96130,522
TOTAL LIABILITIES AND EQUITY:42,29048,68727,96934,81341,67241,646

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues56,97253,90336,34743,44742,60041,593
Cost of revenue(31,604)(31,072)(20,789)(25,508)(25,129)(26,090)
Gross profit:25,36822,83115,55817,93917,47115,503
Operating expenses(32,910)(30,364)(22,141)(26,913)(30,339)(28,391)
Operating loss:(7,542)(7,533)(6,583)(8,974)(12,868)(12,888)
Nonoperating income (expense)602,34828020992(107)
Loss from continuing operations before income taxes:(7,482)(5,185)(6,303)(8,765)(12,776)(12,995)
Income tax expense (benefit)(65)(40)(26)(48)(37)128
Loss from continuing operations:(7,547)(5,225)(6,329)(8,813)(12,813)(12,867)
Loss before gain (loss) on sale of properties:(5,225)(6,329)(8,813)(12,813)(12,867)
Net loss available to common stockholders, diluted:(7,547)(5,225)(6,329)(8,813)(12,813)(12,867)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(7,547)(5,225)(6,329)(8,813)(12,813)(12,867)
Other comprehensive income (loss)(69)64(99)1070 
Comprehensive loss, net of tax, attributable to parent:(7,616)(5,161)(6,428)(8,803)(12,743)(12,867)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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