IRIDEX Corporation (IRIX) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,85211,62612,65321,19421,70723,7479,995
Cash and cash equivalents23,85211,62612,65321,19421,70723,7479,995
Receivables9,7167,2899,3239,0837,86310,0259,282
Inventory, net of allowances, customer advances and progress billings7,6145,7148,1748,7949,38111,64311,106
Inventory7,6145,7148,1748,7949,38111,64311,106
Other undisclosed current assets1,071730401547500450386
Total current assets:42,25325,35930,55139,61839,45145,86530,769
Noncurrent Assets
Operating lease, right-of-use asset2,5651,4282,764
Property, plant and equipment4284497301,2201,4031,5341,104
Intangible assets, net (including goodwill)3,170601617633649665801
Goodwill965533533533533533533
Intangible assets, net (excluding goodwill)2,2056884100116132268
Other noncurrent assets27113215120114380164
Deferred tax assets, net   8,985
Total noncurrent assets:6,4342,6104,2622,0542,1952,27911,054
TOTAL ASSETS:48,68727,96934,81341,67241,64648,14441,823
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,5394,9196,5348,2416,3366,4755,517
Accounts payable2,7721,1482,5922,5161,7241,9942,223
Accrued liabilities1,5751,8061,5442,7632,1532,1351,722
Employee-related liabilities3,1921,9652,3982,9622,4592,3461,572
Deferred revenue2,3559381,450
Debt 1,2491,414    
Due to related parties627      
Deferred revenue and credits2,5201,3831,311
Contract with customer, liability2,225
Other liabilities1,098      
Other undisclosed current liabilities1,0271,5753806221,536603603
Total current liabilities:12,6468,6819,77811,08810,3928,4617,431
Noncurrent Liabilities
Long-term debt and lease obligation1,7292821,795    
Operating lease, liability1,7292821,795
Liabilities, other than long-term debt11,013392535623732523704
Accounts payable and accrued liabilities5881156238199  
Deferred revenue10,930289360
Other liabilities252219385533523704
Other undisclosed noncurrent liabilities 1,248     
Total noncurrent liabilities:12,7421,9222,330623732523704
Total liabilities:25,38810,60312,10811,71111,1248,9848,135
Stockholders' equity
Stockholders' equity attributable to parent23,29917,36622,70529,96130,52239,16033,688
Common stock168148147145126124111
Additional paid in capital85,25574,18173,09371,54859,38555,15837,986
Accumulated other comprehensive income (loss)45(19)8070   
Accumulated deficit(62,169)(56,944)(50,615)(41,802)(28,989)(16,122)(4,409)
Total stockholders' equity:23,29917,36622,70529,96130,52239,16033,688
TOTAL LIABILITIES AND EQUITY:48,68727,96934,81341,67241,64648,14441,823

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues53,90336,34743,44742,60041,59346,15841,757
Cost of revenue(31,072)(20,789)(25,508)(25,129)(26,090)(25,319)(21,804)
Gross profit:22,83115,55817,93917,47115,50320,83919,953
Operating expenses(30,364)(22,141)(26,913)(30,339)(28,391)(23,404)(19,665)
Operating income (loss):(7,533)(6,583)(8,974)(12,868)(12,888)(2,565)288
Nonoperating income (expense)2,34828020992(107)(91)3
Income (loss) from continuing operations before income taxes:(5,185)(6,303)(8,765)(12,776)(12,995)(2,656)291
Income tax expense (benefit)(40)(26)(48)(37)128(9,057)183
Net income (loss) available to common stockholders, diluted:(5,225)(6,329)(8,813)(12,813)(12,867)(11,713)474

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(5,225)(6,329)(8,813)(12,813)(12,867)(11,713)474
Other comprehensive income (loss)64(99)1070   
Comprehensive income (loss), net of tax, attributable to parent:(5,161)(6,428)(8,803)(12,743)(12,867)(11,713)474

Statements sources

The financial statements are based on the company's filings with the 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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