IRIDEX Management
Management criteria checks 3/4
IRIDEX's CEO is Patrick Mercer, appointed in May 2024, has a tenure of less than a year. total yearly compensation is $518.07K, comprised of 64.9% salary and 35.1% bonuses, including company stock and options. directly owns 0.37% of the company’s shares, worth $112.34K. The average tenure of the management team and the board of directors is 0.7 years and 5.8 years respectively.
Key information
Patrick Mercer
Chief executive officer
US$518.1k
Total compensation
| CEO salary percentage | 64.9% |
| CEO tenure | less than a year |
| CEO ownership | 0.4% |
| Management average tenure | less than a year |
| Board average tenure | 5.8yrs |
Recent management updates
Recent updates
Revenues Working Against IRIDEX Corporation's (NASDAQ:IRIX) Share Price Following 26% Dive
Jun 11
Is IRIDEX (NASDAQ:IRIX) In A Good Position To Invest In Growth?
May 14Iridex's Strategic Review Process Should Bear Fruit 'Soon'
Mar 28Little Excitement Around IRIDEX Corporation's (NASDAQ:IRIX) Revenues
Feb 14Will IRIDEX (NASDAQ:IRIX) Spend Its Cash Wisely?
Oct 04Lacklustre Performance Is Driving IRIDEX Corporation's (NASDAQ:IRIX) 32% Price Drop
Aug 12Will IRIDEX (NASDAQ:IRIX) Spend Its Cash Wisely?
Apr 14We're Hopeful That IRIDEX (NASDAQ:IRIX) Will Use Its Cash Wisely
Oct 12Is IRIDEX (NASDAQ:IRIX) Using Too Much Debt?
Feb 25Iridex To Benefit From New Revolutionary Glaucoma Treatment
Jan 11Analysts Expect Breakeven For IRIDEX Corporation (NASDAQ:IRIX) Before Long
Jan 03IRIDEX says laser therapy now accepted in the European Glaucoma Society guidelines
Dec 23CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 28 2024 | n/a | n/a | -US$11m |
| Jun 29 2024 | n/a | n/a | -US$11m |
| Mar 30 2024 | n/a | n/a | -US$11m |
| Dec 30 2023 | US$518k | US$336k | -US$10m |
| Sep 30 2023 | n/a | n/a | -US$8m |
| Jul 01 2023 | n/a | n/a | -US$8m |
| Apr 01 2023 | n/a | n/a | -US$7m |
| Dec 31 2022 | US$568k | US$317k | -US$8m |
| Oct 01 2022 | n/a | n/a | -US$9m |
| Jul 02 2022 | n/a | n/a | -US$9m |
| Apr 02 2022 | n/a | n/a | -US$6m |
| Jan 01 2022 | US$765k | US$317k | -US$5m |
| Oct 02 2021 | n/a | n/a | -US$3m |
| Jul 03 2021 | n/a | n/a | -US$3m |
| Apr 03 2021 | n/a | n/a | -US$7m |
| Jan 02 2021 | US$472k | US$316k | -US$6m |
| Sep 26 2020 | n/a | n/a | -US$8m |
| Jun 27 2020 | n/a | n/a | -US$8m |
| Mar 28 2020 | n/a | n/a | -US$7m |
| Dec 28 2019 | US$500k | US$277k | -US$9m |
Compensation vs Market: Patrick's total compensation ($USD518.07K) is about average for companies of similar size in the US market ($USD649.07K).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
CEO
Patrick Mercer (52 yo)
less than a year
Tenure
US$518,073
Compensation
Mr. Patrick Mercer is Chief Executive Officer of IRIDEX Corporation from October 1, 2024 and serves as it's President since May 22, 2024 and was its Chief Operating Officer since September 2018 until Octob...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 5.8yrs | US$154.00k | 0.41% $ 125.9k | |
| CEO & President | less than a year | US$518.07k | 0.37% $ 112.3k | |
| Interim Chief Financial Officer | 4.2yrs | US$356.84k | no data | |
| Head of Investor Relations | no data | no data | no data |
0.7yrs
Average Tenure
54yo
Average Age
Experienced Management: IRIX's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 5.8yrs | US$154.00k | 0.41% $ 125.9k | |
| Independent Director | 2.8yrs | US$127.50k | 0.17% $ 50.3k | |
| Independent Director | 5.8yrs | US$134.50k | 0.38% $ 114.3k | |
| Independent Director | 6.3yrs | US$119.00k | 0.73% $ 221.1k |
5.8yrs
Average Tenure
67yo
Average Age
Experienced Board: IRIX's board of directors are considered experienced (5.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 00:04 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/28 |
| Annual Earnings | 2023/12/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
IRIDEX Corporation is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Scott Henry | Roth MKM |
| Joseph Munda | Sidoti & Company, LLC |
| Lisa Springer | Singular Research |