IRIS International (Nasdaq: IRIS) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), IRIS International missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share increased.

Margins expanded across the board.

Revenue details
IRIS International reported revenue of $30.9 million. The five analysts polled by S&P Capital IQ expected to see a top line of $32.3 million on the same basis. GAAP reported sales were 2.5% higher than the prior-year quarter's $30.2 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.07. The five earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS were $0.07 for Q2 versus -$0.02 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 53.8%, 190 basis points better than the prior-year quarter. Operating margin was 5.3%, 750 basis points better than the prior-year quarter. Net margin was 3.9%, 500 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $31.4 million. On the bottom line, the average EPS estimate is $0.08.

Next year's average estimate for revenue is $129.5 million. The average EPS estimate is $0.33.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on IRIS International is buy, with an average price target of $15.04.