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Company Analysis

IRIDEX Corporation IRIX

A comprehensive view of key metrics, scores, and financial health for IRIDEX Corporation

Overview of IRIDEX Corporation

IRIX NCM
Healthcare Medical Devices Micro Cap
IRIDEX Corporation (IRIX), is a Micro Cap company, in the Medical Devices industry, last closed at $1.30, about 251.5% undervalued vs fair value, +21.5% 1Y return, ranked 844/1110 in sector.
$1.30
-2.26%
As of March 13, 2026
Previous close • Vol 90d: 79.8%
52-Week Range
Market Cap
$23.03M
Enterprise Value
$22.25M
Overall Score
Scores locked

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Top Beats

Quick Facts

Website https://www.iridex.com
HQ Mountain View, CA
Employees 93
Fiscal year Dec 31

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull
$4
$5
$5
Current: $1.30 +252% vs base

Engine Room Money Flow™

Micro Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$48.7M
-6.2%%
Gross Profit
$19.5M
-10.6%%
Operating Income
$-8.3M
17%%
Net Income
$-8.9M
6.9%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
81.9%
Good

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
-
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Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
1
Active Leaks
0/1
Improving
0
High Impact
1
Critical
Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating IRIDEX Corporation's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
46
/100
Developing
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Moderate
61
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Generic Industrial / Default vs Industry Peers 88% Coverage
Trade-Off Triangle Visualization A ternary plot showing IRIX's balance between Growth (22.0%), Profitability (41.5%), and Safety (36.5%). Growth 22% Safety 36% Profitability 42%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

23th percentile vs peers
23
Key Signals
EPS Growth YoY 8.7% 31p Rev Growth YoY -6.2% 19p Revenue CAGR 3Y -3.4% 20p
Strengths
  • D/E Ratio in top 20% of peers (2.21, 90th percentile)
  • Conservative leverage compared to industry peers
Risks
  • Rev Growth Yoy in bottom 20% of peers (-6.2%)

Profitability

43th percentile vs peers
44
Key Signals
Strengths
Risks
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Safety

38th percentile vs peers
39
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for IRIDEX Corporation.

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$4.57
- - -
+251.5% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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