RSS Iridex: Q4 Sales To Match Performance Of Prior Year

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 RSS Iridex: Q4 Sales To Match Performance Of Prior Year

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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.

The material has been provided by InstaForex Company - www.instaforex.com
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