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IRIDEX Net Loss Widens in Q1 While Sales Advance

05/11/2021 12:39

04:32 PM EDT, 05/11/2021 (MT Newswires) -- IRIDEX (IRIX) reported a Q1 net loss per share of $0.14, wider than a loss of $0.12 a year ago.

Analysts polled by Capital IQ had expected a loss of $0.14 per share.

Sales rose to $12 million from $9 million a year earlier. Analysts surveyed by Capital IQ had projected revenue of $9.9 million.

The company expects revenue of $48 million to $51 million for 2021, which compares with a market projection compiled by Capital IQ of $50.7 million.

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