Notable Insider Trading: IRIDEX Corporation $IRIX

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IRIDEX Corporation (IRIX) insider have most recently took part in a trading activity. On Sep 15, 2017 Moore William M, Chairman and CEO bought 1,800 shares having total worth of $16,956 at the price of $9.42 per share, following the transaction a total of 451,378 shares owned by Moore William M.

Furthermore, over the past 12 months , the stock was traded 2 times by insiders. In 2 of these trades, the insider was a seller .

Shares of IRIDEX Corporation (IRIX) traded up 2.75% on Sep 15, 2017, hitting $9.7. 29,851 shares of the company’s stock traded hands. IRIDEX Corporation has a 52 week low of $8.19 and a 52 week high of $16.39. The company’s market cap is $147 million.

IRIDEX Corporation (IRIX) last announced its earnings results on Aug 3, 2017. The company reported -0.24 earnings per share (EPS) for the quarter, lower than the consensus estimate of -0.12 by $0.12. The company had revenue of $10 million for the quarter, compared to the consensus estimate of $11 million. During the same quarter in the previous year, the company posted -0.03 earnings per share. The company’s revenue for the quarter was down 16% on a year-over-year basis.

2017-08-03 2017-05-03 2017-03-08 2016-11-03 2016-08-04 2016-05-05 2016-03-03 2015-11-05 2015-08-06 2015-03-05
earnings per share -0.24 -0.16 -0.09 -0.07 -0.03 0.01 0.04 0.04 -0.07 0.86
Revenue(M) 10 10.48 12.53 9.79 11.91 11.93 12.11 9.82 9.03 0

Iridex Corporation was incorporated in California in February 1989 as IRIS Medical Instruments, Inc. In November 1995, the company changed its name to IRIDEX Corporation and reincorporated in Delaware. It is a provider of therapeutic based laser systems and delivery devices used to treat eye diseases in ophthalmology and skin conditions in dermatology. Its ophthalmology products consist of laser systems, delivery devices and consumable instrumentation including laser probes, and are used in the treatment of serious eye diseases, including the three leading causes of irreversible blindness: diabetic retinopathy, glaucoma and age-related macular degeneration (“AMD”). In addition, its ophthalmology products are often used in vitrectomy procedures which are generally performed in the operating room and require a disposable single use laser probe to deliver the light to the back of the eye. Its laser systems consist of IQ products which include IQ 532, IQ 577 and IQ 810 laser photocoagulation systems; and its OcuLight products including OcuLight TX, OcuLight Symphony (Laser Delivery System), OcuLight SL, OcuLight SLx, OcuLight GL and OcuLight GLx laser photocoagulation systems. The Company utilizes a systems approach to product design. Each system includes a console, which generates the laser energy, and a number of interchangeable peripheral delivery devices for use in specific clinical applications. Customers include research and teaching hospitals, government installations, surgical centers, hospitals, and office clinics (outpatient). The Company sells and markets its products in the United States predominantly through its direct sales force and internationally through approximately 70 independent distributors into over 100 countries. The Company has issued 26 United States patents and 17 foreign patents. It is subject to extensive regulation by numerous governmental authorities, including federal, state, and foreign governmental agencies.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.