IRIDEX CORP
For the period ended Mar 30, 2024. Filed May 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2024 · Filed May 14, 2024
IRIX$0.66-3.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)
| Three Months Ended | ||
|---|---|---|
| March 30, 2024 | April 1, 2023 | |
| Operating activities: | ||
| Net loss | $(3,464) | $(2,090) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 173 | 144 |
| Amortization of operating lease right-of-use assets | 230 | 242 |
| Stock-based compensation | 394 | 473 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 202 | (453) |
| Receivable from related party | 306 | (289) |
| Inventories | (1,097) | (629) |
| Prepaid expenses and other current assets | (1,154) | (182) |
| Other long-term assets | 72 | (96) |
| Accounts payable | 3,182 | (313) |
| Payable to related party | 82 | 108 |
| Accrued compensation | 637 | 366 |
| Accrued expenses | (884) | 584 |
| Deferred revenue | (274) | (417) |
| Operating lease liabilities | (225) | (251) |
| Other liabilities | 172 | (40) |
| Net cash used in operating activities | (1,648) | (2,843) |
| Investing activities: | ||
| Acquisition of property and equipment | (3) | (43) |
| Net cash used in investing activities | (3) | (43) |
| Financing activities: | ||
| Proceeds for stock option exercises | — | 37 |
| Net cash provided by financing activities | — | 37 |
| Effect of foreign exchange rate changes | 36 | (25) |
| Net decrease in cash and cash equivalents | (1,615) | (2,874) |
| Cash and cash equivalents, beginning of year | 7,034 | 13,922 |
| Cash and cash equivalents, end of year | $5,419 | $11,048 |
| Supplemental disclosure of non-cash activities: | ||
| Transfer of inventory to property and equipment | $— | $4 |
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