Iridex reports positive Q2 cash flow, reaffirms 2026 revenue guidance
Iridex said it generated positive cash flow in Q2 2026, began relocating its headquarters as part of cost cutting, and reaffirmed 2026 revenue guidance of $51 million to $53 million.
Iridex (NASDAQ: IRIX ) held its second-quarter earnings conference call on Tuesday.
Below is the complete transcript from the call.
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Access the full call at Summary Iridex Corp reported positive cash flow in Q2 2026, marking a significant improvement in financial management and cost structure.
The company is relocating its headquarters as part of a broader cost-cutting initiative, aiming to improve operational efficiency.
Iridex anticipates achieving its 2026 revenue guidance of $51 to $53 million, with cash flow unaffected by temporary working capital investments.
The glaucoma business, particularly the G6 platform, showed strong growth with a 35% increase in probe volume, driven by strategic targeting and increased ASPs.
The Retina segment faced challenges due to market dynamics and regulatory factors, but steps are being taken to improve execution and address demand.
Operating expenses decreased by 5% year-over-year due to cost-saving measures, contributing to an overall net loss of $1.3 million.
The company reaffirmed its full-year revenue guidance and expects sequential cash generation improvement as inventory is sold and receivables are collected.
Full Transcript OPERATOR (Tina) Thank you for standing by.
My name is Tina and I will be your conference operator today.
At this time, I would like to welcome everyone to the Q2 2026 Iridex earnings conference call.
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After the speaker's remarks, there will be a question and answer session.
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It is now my pleasure to turn the call over to Tripp Taylor, Investor Relations.
Please go ahead.
Tripp Taylor, Investor Relations Thank you, operator.
And thank you all for joining us this afternoon.
With me on today's call are Patrick Mercer, Iridex's Chief Executive Officer, and Romeo Dezon, the company's Chief Financial Officer.
Earlier today, Iridex issued a press release detailing our financial results for the quarter ended July 4, 2026, which is posted to the Investors section of our website.
Before we begin, I'd like to remind you that management will make statements during this call that include forward looking statements within the meaning of federal securities laws which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Any statements made during this call that are not statements of historical fact, including but not limited to statements concerning our strategic goals and priorities, product development matters, sales trends and the markets in which we operate.
All forward looking statements are based upon our current estimates and various assumptions.
These statements involve material risks and uncertainties that could cause actual results or events to materially differ from those anticipated or implied by these forward looking statements.
Accordingly, you should not place reliance on these statements.
For a discussion of the risks and uncertainties associated with our business, please see the most recent Form 10-K and Form 10-Q filings with the SEC.
Iridex disclaims any intention or obligation, except as required by law, to update or revise any financial projections or forward looking statements, whether because of new information, future events or otherwise.
This conference call contains time sensitive information and is accurate only as of the live broadcast today, August 18, 2026.
With that, I'll pass the call to Patrick.
Patrick Mercer, CEO Good afternoon everyone and thank you for joining us for our second quarter call.
If there's one message I want to leave you with today, it is that Iridex has reached an important inflection point in its financial profile.
We generated positive cash flow in the second quarter, demonstrating the meaningful progress we have made over the past two years to fundamentally transform our cost structure, strengthen working capital management and create a more disciplined and sustainable business.