Iridex Corporation (IRIX) anticipates its fourth-quarter revenue to range from $12.6 million to $12.7 million, a slight increase from $12.5 million in the same period last year. For the entirety of 2024, the company projects total revenue to be between $48.6 million and $48.7 million, down from $51.9 million in 2023.
"We remain committed to achieving positive EBITDA results in the fourth quarter of 2024, setting a strong foundation for prioritizing profitability in 2025. Our ongoing cost restructuring initiatives are enhancing operational efficiency, improving margins, and strengthening the company's financial position," commented Patrick Mercer, CEO.
