Profile: IRIDEX Corp (IRIX.OQ)
6.20USD
1 Aug 2013
$0.00 (+0.00%)
$6.20
$6.10
$6.20
$6.09
1,000
5,301
$6.57
$3.10
IRIDEX Corporation, incorporated in February 1989, is a worldwide provider of therapeutic based laser systems, delivery devices and consumable instrumentation used to treat eye diseases in ophthalmology. The Company focuses primarily on its ophthalmology. The Company’s ophthalmology products are sold in the United States predominantly through a direct sales force and internationally through approximately 70 independent distributors into over 100 countries. The Company’s ophthalmology offering include IQ and OcuLight laser systems, consumables and service and support activities. The Company ‘s family of IQ products includes IQ 532, IQ 577 and IQ 810 laser photocoagulation systems and its OcuLight products include OcuLight TX, OcuLight Symphony (Laser Delivery System), OcuLight SL, OcuLight SLx, OcuLight GL and OcuLight GLx laser photocoagulation systems. In February 2012, The Company sold its aesthetics business to Cutera, Inc.
The Company utilizes a systems approach to product design. Each system includes a console, which generates the laser energy, and a number of interchangeable peripheral delivery devices for use in specific clinical applications. The Company’s laser consoles are Visible (Yellow) Photocoagulator Console, Visible (Green) Photocoagulator Consoles, Infrared Photocoagulator Consoles, MicroPulse Enabled Consoles and Multi-wavelength Laser System Configurations.
The Company’s Visible (Yellow) Photocoagulator Console utilizes user interface technology and delivers a 577 wavelength, which allows ophthalmologists to obtain optimal results with lower power (more tissue sparing) compared with green wavelengths. The IQ 577 console weighs 18 pounds draws a maximum of 250 Watts of wall power, requires no water cooling, and has a remote control and wireless footswitch. The Company has a family of solid state and semiconductor-based photocoagulator consoles used in ophthalmology delivering visible laser light. The Company’s IQ 532nm photocoagulator the user interface and product platform based on the IQ 577, as well as its OcuLight TX, OcuLight GL and OcuLight GLx Photocoagulators. The OcuLight TX/GL/GLx draw a maximum of 300 Watts of wall power and requires no water cooling.
The Company’s Infrared Photocoagulator Consoles, the OcuLight and IQ 810 photocoagulator consoles used by ophthalmologists are available in two infrared output power ranges: the OcuLight SL at 2 Watts and the IQ 810 and OcuLight SLx at 3 Watts. The OcuLight consoles weigh 14 pounds. The IQ 810 console weighs 11 pounds. Neither requires external air nor water cooling. Its MicroPulse mode is offered as an option on some of its infrared and visible laser photocoagulator systems. When used in conjunction with specific IRIDEX laser consoles, its Symphony slit lamp adapters can deliver multiple laser wavelengths from a single slit lamp installation. Its laser consoles, together with Symphony slit lamp adapters, combine the clinical versatility and convenience of multiple wavelength delivery into one delivery device for retinal and glaucoma procedures. As of December 31, 2011, its compatible consoles are the OcuLight GLx and the OcuLight Tx green laser consoles and the OcuLight SLx and the IQ 810 infrared laser consoles and the IQ 577 yellow laser console.
The Company’s Ophthalmic Delivery Devices and other products includes TruFocus Laser Indirect Ophthalmoscope (LIO), Slit Lamp Adapter (SLA), Operating Microscope Adapter, EndoProbe, G-Probe, DioPexy Probe, GreenTip Soft Tip Cannula and MoistAir In-Line Air Humidifier. Its indirect ophthalmoscope is designed to be worn on the physician’s head and to be used in procedures to treat peripheral retinal disorders, particularly in infants or adults requiring treatment in the supine position. This product can be used in both diagnosis and treatment procedures at the point-of-care. Its SLA adapters allow the physician to utilize a standard slit lamp in both diagnosis and treatment procedures. Physicians can install an SLA in a few minutes and convert standard diagnostic slit lamps into a therapeutic photocoagulator delivery system. SLAs are used in treatment procedures for both retinal diseases and glaucoma. These devices are available in a variety of spot diameters. Its standard SLAs have a single fiber and deliver laser light from a single laser console. Its Symphony SLA has multiple fibers and can deliver laser light from two compatible laser consoles.
The Company’s Operating Microscope Adapter allow the physician to utilize a standard operating microscope in both diagnosis and laser treatment procedures. These devices are similar to SLAs, except that they are oriented horizontally and therefore can be used to deliver retinal photocoagulation to a supine patient. The Company’s EndoProbe fiber optic delivery devices are used for endophotocoagulation, a retinal treatment procedure performed in the hospital operating room or surgery center during a vitrectomy procedure. These sterile disposable probes are available in tapered, angled, stepped, aspirating, illuminating and adjustable styles. The Company’s G-Probe is used in procedures to treat medically and surgically uncontrolled glaucoma, in many instances replacing cyclocryotherapy, or freezing of eye tissues. The G-Probe’s non-invasive procedure takes approximately 10 minutes, is performed on an anesthetized eye in the doctor’s office, and results in less pain and fewer adverse side effects than cyclocryotherapy. The G-Probe is a sterile consumable (more than one use) product.
The Company’s DioPexy Probe is a hand-held instrument, which is used in procedures to treat retinal tears, and breaks non-invasively through the sclera, as an alternative method of attaching the retina. Its GreenTip cannula allows surgeons to visualize and access the proximity of the retina while performing a fluid air exchange during a vitrectomy procedure. The GreenTip cannula is a sterile disposable (single use) product. The MoistAir Humidifying Chamber connects to the air line and provides humidified air the eye during fluid air exchange. The MoistAir Humidifying Chamber is a sterile disposable (single use) product.
The Company competes with Alcon Inc., Carl Zeiss Meditec AG, Nidek Co. Ltd, Synergetics, Topcon Corporation, Ellex Medical Lasers, Ltd., Quantel Medical SA, Lumenis Ltd, Genentech, Regeneron Novartis, OSI Pharmaceuticals and Allergen.
Company Address
IRIDEX Corp
1212 Terra Bella Avenue
MOUNTAIN VIEW CA 94043
P: +1650.9404700
F: +1650.9404710
Company Web Links
| Name | Compensation |
|---|---|
William Moore |
146,131 |
James Mackaness |
479,496 |
Eduardo Arias |
335,549 |
Ronald Steckel |
-- |
Scott Shuda |
-- |

