MOUNTAIN VIEW, Calif., March 4 /PRNewswire-FirstCall/ -- IRIDEX Corporation today reported financial results for the fourth quarter and full year ended January 2, 2010.
In 2008, the fourth quarter and full year results included an impairment charge of $5.4 million for write down of goodwill and intangible assets which represented $0.61 per diluted share.
“We have recorded our fourth consecutive quarter of profitability. Our operating income for the year was $2.5 million an all time high for the Company, compared to 2008 where the Company had an operating loss of $2.2 million (excluding impairment charges). This is an outstanding achievement especially given the current economy. We are particularly pleased with the improvement in gross margins and the fact that we have sustained these improvements throughout the year, and we continue to control our operating expenses. In summary, we met our 2009 objectives of being cash flow positive, driving to profitability and positioning ourselves for future growth.”
Conference Call
About IRIDEX
Safe Harbor Statement
IRIDEX Corporation
