Tesla gains as Musk buys $1 billion in stock; closes well-off highs
Romeo R. Dizon, Chief Financial Officer of IRIDEX CORP (NASDAQ:IRIX), purchased 1,500 shares of the company’s common stock on September 9, 2025, at a price of $1.37 per share. The purchase comes as the stock trades near $1.35, down 19% year-to-date, though showing strong momentum with a 16% gain over the past six months. According to InvestingPro analysis, IRIDEX appears slightly undervalued at its current market capitalization of $23 million.
The total value of the purchase amounted to $2,055. InvestingPro data reveals the company maintains a fair financial health score despite current challenges. Get access to 7 additional exclusive ProTips and comprehensive analysis in the Pro Research Report. Following the transaction, Dizon directly owns 57,750 shares of IRIDEX CORP.
In other recent news, Iridex Corporation reported its second-quarter earnings for 2025, which surpassed analysts’ expectations. The company achieved an earnings per share (EPS) of -$0.06, outperforming the projected -$0.09. Additionally, Iridex reported revenue of $13.6 million, exceeding the anticipated $13.1 million. These results reflect a stronger-than-expected financial performance for the quarter. In other developments, Iridex announced it has regained compliance with Nasdaq’s continued listing requirements. This follows a non-compliance notification received on May 14, 2025, due to a quarterly report that did not meet Nasdaq Listing Rule 5550(b) standards. These recent developments highlight the company’s efforts to stabilize and improve its financial standing.
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