Iridex shares surge 10.07% premarket as CFO Dizon buys 1,101 shares in continued insider accumulation.

Iridex surged 10.07% in premarket trading following a significant insider purchase by Chief Financial Officer Romeo Dizon, who acquired 1,101 shares at $1.44 per share on January 29, 2026, adding to a cumulative buying spree of over 18,000 shares since mid-January. The transaction, valued at $1,587, reflects Dizon’s confidence in the company’s long-term prospects despite mixed financial results, including a Q3 2025 net loss of $1.6 million and a recent price-to-GF-Value ratio of 0.8, indicating undervaluation. While Q4 2025 revenue growth (15-17% year-over-year) and positive cash flow provided some optimism, the immediate premarket reaction was driven by the insider’s repeated purchases, signaling internal conviction in Iridex’s strategic direction and technology advancements.