$IRIX
IRIDEX CORP

2020 Q2 Form 10-Q Financial Statement

#000156459020038392 Filed on August 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $6.219M $10.43M $10.60M
YoY Change -40.35% 1.18% 11.42%
Cost Of Revenue $3.813M $5.877M $6.340M
YoY Change -35.12% -2.63% 13.48%
Gross Profit $2.406M $4.549M $4.260M
YoY Change -47.11% 6.58% 8.62%
Gross Profit Margin 38.69% 43.63% 40.21%
Selling, General & Admin $4.383M $6.088M $6.335M
YoY Change -28.01% -8.45% -1.63%
% of Gross Profit 182.17% 133.83% 148.71%
Research & Development $810.0K $929.0K $958.0K
YoY Change -12.81% 3.11% -12.91%
% of Gross Profit 33.67% 20.42% 22.49%
Depreciation & Amortization $140.0K $140.0K $210.0K
YoY Change 0.0% -33.33% 10.53%
% of Gross Profit 5.82% 3.08% 4.93%
Operating Expenses $4.383M $7.017M $7.293M
YoY Change -37.54% -7.06% -3.28%
Operating Profit -$2.784M -$2.468M -$3.036M
YoY Change 12.8% -24.8% -16.06%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $9.000K $58.00K -$6.000K
YoY Change -84.48% 866.67% -133.33%
Pretax Income -$2.775M -$2.410M -$3.042M
YoY Change 15.15% -26.43% -15.48%
Income Tax $5.000K $9.000K $6.000K
% Of Pretax Income
Net Earnings -$2.780M -$2.419M -$3.048M
YoY Change 14.92% -26.25% -15.4%
Net Earnings / Revenue -44.7% -23.2% -28.77%
Basic Earnings Per Share -$0.20 -$0.18 -$0.22
Diluted Earnings Per Share -$0.20 -$0.18 -$0.22
COMMON SHARES
Basic Shares Outstanding 13.79M 13.65M 13.63M
Diluted Shares Outstanding 13.79M 13.65M 13.63M

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.62M $15.63M $17.18M
YoY Change -25.66% -2.62% -7.24%
Cash & Equivalents $11.62M $15.63M $17.18M
Short-Term Investments
Other Short-Term Assets $510.0K $590.0K $770.0K
YoY Change -13.56% -9.23% 13.24%
Inventory $7.850M $8.974M $8.700M
Prepaid Expenses
Receivables $5.780M $8.083M $8.420M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $25.76M $33.28M $35.06M
YoY Change -22.6% 1.07% 0.43%
LONG-TERM ASSETS
Property, Plant & Equipment $2.750M $991.0K $4.790M
YoY Change 177.5% -29.21% 221.48%
Goodwill $533.0K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $160.0K $196.0K $190.0K
YoY Change -18.37% 15.29% 11.76%
Total Long-Term Assets $3.520M $5.202M $5.610M
YoY Change -32.33% 135.38% 143.91%
TOTAL ASSETS
Total Short-Term Assets $25.76M $33.28M $35.06M
Total Long-Term Assets $3.520M $5.202M $5.610M
Total Assets $29.28M $38.49M $40.67M
YoY Change -23.92% 9.52% 9.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $560.0K $2.196M $2.400M
YoY Change -74.5% -1.96% 21.21%
Accrued Expenses $4.690M $2.055M $5.510M
YoY Change 128.22% -62.5% 9.54%
Deferred Revenue $1.222M $1.514M $1.742M
YoY Change -19.29% -10.04% 10.11%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.110M
YoY Change
Total Short-Term Liabilities $7.580M $9.768M $9.650M
YoY Change -22.4% -2.71% 4.21%
LONG-TERM LIABILITIES
Long-Term Debt $1.390M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.520M $17.00K $3.580M
YoY Change 8841.18% -97.5% 411.43%
Total Long-Term Liabilities $2.910M $17.00K $3.580M
YoY Change 17017.65% -97.5% 411.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.580M $9.768M $9.650M
Total Long-Term Liabilities $2.910M $17.00K $3.580M
Total Liabilities $10.48M $12.86M $13.22M
YoY Change -18.48% 20.04% 32.73%
SHAREHOLDERS EQUITY
Retained Earnings -$47.27M
YoY Change
Common Stock $72.83M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.79M $25.63M $27.44M
YoY Change
Total Liabilities & Shareholders Equity $29.28M $38.49M $40.67M
YoY Change -23.92% 9.52% 9.3%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income -$2.780M -$2.419M -$3.048M
YoY Change 14.92% -26.25% -15.4%
Depreciation, Depletion And Amortization $140.0K $140.0K $210.0K
YoY Change 0.0% -33.33% 10.53%
Cash From Operating Activities -$1.990M -$1.360M -$3.797M
YoY Change 46.32% -41.38% 39.24%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$40.00K $67.00K
YoY Change -75.0% -60.0% -75.55%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$100.0K -$100.0K
YoY Change -100.0% 0.0% 11.11%
Cash From Investing Activities -$10.00K -$150.0K -$163.0K
YoY Change -93.33% -21.05% -55.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.490M -10.00K -93.00K
YoY Change -25000.0% -133.33% -19.13%
NET CHANGE
Cash From Operating Activities -1.990M -1.360M -3.797M
Cash From Investing Activities -10.00K -150.0K -163.0K
Cash From Financing Activities 2.490M -10.00K -93.00K
Net Change In Cash 490.0K -1.520M -4.019M
YoY Change -132.24% -38.71% 26.19%
FREE CASH FLOW
Cash From Operating Activities -$1.990M -$1.360M -$3.797M
Capital Expenditures -$10.00K -$40.00K $67.00K
Free Cash Flow -$1.980M -$1.320M -$3.864M
YoY Change 50.0% -40.54% 28.76%

Facts In Submission

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Files In Submission

Name View Source Status
0001564590-20-038392-index-headers.html Edgar Link pending
0001564590-20-038392-index.html Edgar Link pending
0001564590-20-038392.txt Edgar Link pending
0001564590-20-038392-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
irix-10q_20200627.htm Edgar Link pending
irix-20200627.xml Edgar Link completed
irix-20200627.xsd Edgar Link pending
irix-20200627_cal.xml Edgar Link unprocessable
irix-20200627_def.xml Edgar Link unprocessable
irix-20200627_lab.xml Edgar Link unprocessable
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