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Excelitas Technologies Corp. - X-Cite Vitae LB 11/24

Earnings Flat at Iridex

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MOUNTAIN VIEW, Calif., Nov. 3, 2014 — Laser-based medical systems firm Iridex Corp. reported third-quarter earnings of $500,000 — the same amount it reported in the third quarter of 2013. Revenues were $10.1 million in the third quarter of 2014, up 6 percent from $9.5 million in the third quarter of 2013. The company expects revenues of $10.9 million to $11.2 million in the fourth quarter. CEO Will Moore said revenue growth was driven by the company’s new MicroPulse system for treatment of retinal diseases. He said Iridex will focus in 2015 on new laser systems for glaucoma treatment. Meanwhile, the...Read full article

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    Published: November 2014
    Glossary
    retina
    The retina is a light-sensitive tissue layer located at the back of the eye, opposite the lens. It plays a crucial role in the process of vision by converting light into neural signals that are sent to the brain for visual recognition. Layers: The retina is composed of several layers of specialized cells, each with distinct functions: Photoreceptor layer: Contains two types of photoreceptor cells — rods and cones — that convert light into electrical signals. Bipolar...
    BusinessAmericasCaliforniaBiophotonicsLasersretinaglaucomaIridexWill Moore

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