IRIDEX Corporation (Nasdaq:IRIX)
Shares of IRIX surged on Friday's market activity after the company reported its financial results.
For the third quarter 2013, IRIX posted revenue of $9.5 million, an increase of 21% from $7.9 million in the prior year comparable period and up sequentially from $9.2 million in the second quarter of 2013. Net income from continuing operations was $0.5 million, or $0.05 per diluted share, compared to a net loss of $0.6 million, or a loss of $0.06 per diluted share, in the same period the prior year.
According to its guidance for the fourth quarter, IRIX expects to achieve revenue between $10.2 million and $10.5 million, representing growth of between 11% and 14% over the prior year period.
IRIX saw strong sales of both consumable products and laser systems in the third quarter, exceeding its revenue guidance.
For the first nine months of 2013, IRIX posted revenues of $27.7 million, up 12% from $24.6 million in last year's first nine months, and net income from continuing operations of $1.8 million, compared to a loss of $0.4 million for the same period the prior year, or earnings of $0.18 per share compared to a loss of $0.05 per share on a diluted basis.
IRIX is a worldwide leader in developing, manufacturing, and marketing innovative and versatile laser-based medical systems, delivery devices and consumable instrumentation for the ophthalmology market.
More about IRIDEX Corporation (Nasdaq:IRIX) at www.iridex.com .
****
Crown Equity Holdings Inc. (CRWE)
CRWE recently reported that it is looking to deliver value for its stockholders in both the near and long term.
The 2010 U.S. Census data shows estimates for B2B revenue transacted online at approximately US$300 billion. Compare that with almost $200 billion in B2C transactions. The next decade will be an innovative and demanding one for B2B e-commerce.
CRWE is refocusing its strategic plan for future growth and services with its original online business-to-business (B2B) marketplace platform for manufacturers and small to large businesses on a global basis to sell and acquire various types of merchandise; strategic plans are also being developed for CRWE ’s online video-sharing project to improve the potential future growth for the company.
CRWE has updated its membership driven online e-commerce venture business plan. The name of the business will be known as “iB2BGlobal”. The company has been in contact with several high level IT companies in India to help support the project in the United States.
iB2B Global is that of being a B2B trade online directory for multiple international manufacturers. The Company's product is an online portal allowing two businesses to come together into a transaction without involving the end-user.
When B2B e-commerce began in the early 1990s, no one expected the growth explosion it experienced in the latter part of the decade. The B2B industry generates billions of dollars and thousands of jobs worldwide.
The increased use of video advertising and also video viewing continued again in 2013 and will increase again and again for the next five or so years according to industry trends. According to Break Media, video ad spending will reach $5.4 Billion by 2016.
CRWE is targeting these multi-billion dollar markets with its iB2BGlobal project and its Division CRWETube ( www.crwetube.com ).
CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher. CRWE focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
************
Read Full Disclaimer at www.drstockpick.com/disclaimer
