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MOUNTAIN VIEW, Calif., Jan. 13, 2020 (GLOBE NEWSWIRE) — IRIDEX Corporation (IRIX) today provided basic operational and banking after-effects for the fourth division and abounding year concluded December 28, 2019.
“We are admiring with our solid after-effects for the fourth division and attending to body on those in 2020,” said David I. Bruce, President and CEO of IRIDEX. “Our beheading has accomplished able glaucoma delving growth, alike as we are aboriginal in the about-face of our sales processes to drive broader physician acceptance and delving utilization. We additionally launched our revised glaucoma delving this division and adapted over 100 physicians with absolute acknowledgment to its improvements. Our focus on operating efficiencies accumulated with able accumulating of receivables continues to bear abridgement in our use of banknote and allows continued aerodrome to assassinate our bazaar advance affairs application banknote on duke and alive capital. With this bartering and operational anatomy in place, we accept that we are positioned to accomplish long-term, acceptable advance and added amount for IRIDEX.”
These basic after-effects are based on management’s antecedent assay of operations for the division and year concluded December 28, 2019 and are accountable to added centralized assay and assay by the Company’s alien auditors. IRIDEX expects to affair fourth division and abounding year 2019 banking after-effects in March 2020, at which time the Company affairs to accommodate advice for abounding year 2020.
About IRIDEXIRIDEX Corporation is a common baton in developing, manufacturing, and business avant-garde and able laser-based medical systems, commitment accessories and accessible chart for the ophthalmology market. The Company’s proprietary MicroPulse® technology delivers a differentiated analysis that provides safe, effective, and accurate analysis for targeted sight-threatening eye conditions. IRIDEX’s accepted artefact band is acclimated for the analysis of glaucoma and diabetic macular edema (DME) and added retinal diseases. IRIDEX articles are awash in the United States through a absolute sales force and internationally primarily through a arrangement of absolute distributors into added than 100 countries. For added information, appointment the IRIDEX website at www.iridex.com.
Safe Harbor StatementThis advertisement contains advanced statements aural the acceptation of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, including those statements apropos the appeal for and appliance of the Company’s products, expectations for growth, and the Company’s unaudited after-effects for the fourth division and budgetary year 2019. These statements are not guarantees of approaching achievement and absolute after-effects may alter materially from those declared in these advanced statements as a aftereffect of a cardinal of factors. Please see a abundant description of these and added risks independent in our Annual Report on Form 10-K for the budgetary year concluded December 29, 2018, and Quarterly Reports on Form 10-Q for consecutive budgetary quarters, anniversary of which was filed with the Securities and Exchange Commission. Advanced statements independent in this advertisement are fabricated as of this date and will not be updated.
Investor Relations ContactLeigh Salvo(415) [email protected]
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