IRIDEX Corporation provided revenue guidance for the year 2023. With lower-than-expected probe unit sales growth and capital equipment softness in the first half of the year, the Company is updating its full year 2023 expectations as follows: Cyclo G6 probe sales of 61,000 to 63,000 units representing approximately 1% to 5% growth over 2022 and Cyclo G6 systems installed base expansion of 210 to 230 systems. Total revenue for the full year is expected to be $55 million to $57 million, representing flat to 3% growth year-over-year, after adjusting for approximately $1.5 million reduction in royalty revenue. The updated financial outlook reflects stabilization in capital equipment demand and a more gradual G6 probe utilization ramp.
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EPS Revisions
1st Jan change | Capi. | |
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-23.84% | 34.78M | |
+4.85% | 212B | |
+9.86% | 188B | |
+31.11% | 157B | |
+34.08% | 114B | |
+1.90% | 64.01B | |
+19.45% | 54.88B | |
+1.63% | 48.83B | |
-3.12% | 39.3B | |
+1.93% | 35.97B |
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