Iridex reported an increase in revenue for 2018’s third quarter to $11.3 million from its 2017 third quarter revenue of $10.9 million, according to a press release.
The company’s net loss stayed static for the quarter at $3.1 million while gross profit increased from $4.4 million to $4.6 million.
Operating expenses were $7.6 million compared with $7.4 million in 2017’s third quarter.
Iridex had cash and cash equivalents totaling $23.7 million as of Sept. 29.
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