Added to YB: 2025-07-28
Pitch date: 2025-07-25
IRIX [bullish]
IRIDEX Corporation
-36.5%
current return
Author Info
Trident Opportunities writes about deep value and special situation investment opportunities. Sign up for the newsletter.
Company Info
IRIDEX Corporation, an ophthalmic medical technology company, provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat sight-threatening eye diseases in ophthalmology.
Market Cap
$20.2M
Pitch Price
$1.45
Price Target
N/A
Dividend
N/A
EV/EBITDA
-15.08
P/E
-3.93
EV/Sales
0.50
Sector
Health Care Equipment and Supplies
Category
turnaround
IRIDEX ($IRIX) - Razor-Blade Medical Device Company In The Midst Of A Turnaround
IRIX: Turnaround play at $1.35, $24.6M EV. Consecutive quarters of positive adj. EBITDA after years of losses. Glaucoma product (Cyclo G6) positioned for growth after Medicare reimbursement clarity. Cost-cutting effective in S&M, more opportunities in manufacturing. Novel Inspiration invested $10M (potential dilution). Limited downside with positive short-term optionality.
Read full article (11 min)