IRADIMED CORPORATION Reports Record Second Quarter 2025 Financial Results
Iradimed Corporation (NASDAQ:IRMD) reported record Q2 2025 financial results, with revenue reaching $20.4 million, a 14% increase year-over-year. The company achieved GAAP diluted EPS of $0.45 and non-GAAP diluted EPS of $0.49, marking increases of 18% and 17% respectively.
The company declared a quarterly dividend of $0.17 per share, payable on August 28, 2025. Iradimed raised its full-year 2025 guidance, now expecting revenue between $80.0-82.5 million and GAAP diluted EPS of $1.60-1.70.
Q2 highlights include a strong 78% gross profit margin, record backlog for pump and monitor products, and completion of a new facility in July 2025. For Q3 2025, the company projects revenue of $20.5-20.9 million with GAAP diluted EPS of $0.41-0.45.
Iradimed Corporation (NASDAQ:IRMD) ha riportato risultati finanziari record per il secondo trimestre del 2025, con ricavi pari a 20,4 milioni di dollari, in aumento del 14% rispetto all'anno precedente. La società ha registrato un utile per azione diluito GAAP di 0,45 dollari e un utile per azione diluito non-GAAP di 0,49 dollari, con incrementi rispettivamente del 18% e del 17%.
La società ha dichiarato un dividendo trimestrale di 0,17 dollari per azione, pagabile il 28 agosto 2025. Iradimed ha rivisto al rialzo le previsioni per l'intero anno 2025, prevedendo ora ricavi tra 80,0 e 82,5 milioni di dollari e un utile per azione diluito GAAP tra 1,60 e 1,70 dollari.
Tra i punti salienti del secondo trimestre figurano un solido margine lordo del 78%, un backlog record per i prodotti pompe e monitor, e il completamento di una nuova struttura a luglio 2025. Per il terzo trimestre 2025, la società prevede ricavi tra 20,5 e 20,9 milioni di dollari e un utile per azione diluito GAAP tra 0,41 e 0,45 dollari.
Iradimed Corporation (NASDAQ:IRMD) reportó resultados financieros récord para el segundo trimestre de 2025, con ingresos que alcanzaron los 20,4 millones de dólares, un aumento del 14% interanual. La compañía logró un EPS diluido GAAP de 0,45 dólares y un EPS diluido no-GAAP de 0,49 dólares, con incrementos del 18% y 17% respectivamente.
La empresa declaró un dividendo trimestral de 0,17 dólares por acción, pagadero el 28 de agosto de 2025. Iradimed elevó su guía para todo el año 2025, esperando ahora ingresos entre 80,0 y 82,5 millones de dólares y un EPS diluido GAAP de 1,60 a 1,70 dólares.
Los aspectos destacados del segundo trimestre incluyen un sólido margen bruto del 78%, un récord en pedidos pendientes para productos de bombas y monitores, y la finalización de una nueva instalación en julio de 2025. Para el tercer trimestre de 2025, la compañía proyecta ingresos de 20,5 a 20,9 millones de dólares con un EPS diluido GAAP de 0,41 a 0,45 dólares.
Iradimed Corporation (NASDAQ:IRMD)는 2025년 2분기 사상 최대 실적을 보고했으며, 매출은 2,040만 달러로 전년 대비 14% 증가했습니다. 회사는 GAAP 희석 주당순이익(EPS) 0.45달러와 비-GAAP 희석 EPS 0.49달러를 달성했으며, 각각 18%와 17% 증가했습니다.
회사는 주당 0.17달러의 분기 배당금을 선언했으며, 지급일은 2025년 8월 28일입니다. Iradimed는 2025년 전체 가이던스를 상향 조정하여 매출을 8,000만~8,250만 달러, GAAP 희석 EPS를 1.60~1.70달러로 예상하고 있습니다.
2분기 주요 내용으로는 강력한 78%의 총 이익률, 펌프 및 모니터 제품의 기록적인 수주 잔고, 2025년 7월 완공된 신규 시설이 포함됩니다. 2025년 3분기에는 매출 2,050만~2,090만 달러와 GAAP 희석 EPS 0.41~0.45달러를 예상하고 있습니다.
Iradimed Corporation (NASDAQ:IRMD) a annoncé des résultats financiers records pour le deuxième trimestre 2025, avec un chiffre d'affaires atteignant 20,4 millions de dollars, soit une augmentation de 14 % par rapport à l'année précédente. La société a réalisé un BPA dilué GAAP de 0,45 $ et un BPA dilué non-GAAP de 0,49 $, soit des hausses respectives de 18 % et 17 %.
La société a déclaré un dividende trimestriel de 0,17 $ par action, payable le 28 août 2025. Iradimed a relevé ses prévisions pour l'année complète 2025, s'attendant désormais à un chiffre d'affaires compris entre 80,0 et 82,5 millions de dollars et à un BPA dilué GAAP entre 1,60 et 1,70 $.
Les points forts du deuxième trimestre incluent une solide marge brute de 78 %, un carnet de commandes record pour les produits pompes et moniteurs, ainsi que l'achèvement d'une nouvelle installation en juillet 2025. Pour le troisième trimestre 2025, la société prévoit un chiffre d'affaires de 20,5 à 20,9 millions de dollars avec un BPA dilué GAAP de 0,41 à 0,45 $.
Iradimed Corporation (NASDAQ:IRMD) meldete Rekordergebnisse für das zweite Quartal 2025 mit einem Umsatz von 20,4 Millionen US-Dollar, was einem Anstieg von 14 % gegenüber dem Vorjahr entspricht. Das Unternehmen erzielte ein GAAP verwässertes Ergebnis je Aktie (EPS) von 0,45 US-Dollar und ein Non-GAAP verwässertes EPS von 0,49 US-Dollar, was Steigerungen von 18 % bzw. 17 % bedeutet.
Das Unternehmen erklärte eine vierteljährliche Dividende von 0,17 US-Dollar je Aktie, zahlbar am 28. August 2025. Iradimed hob seine Prognose für das Gesamtjahr 2025 an und erwartet nun einen Umsatz zwischen 80,0 und 82,5 Millionen US-Dollar sowie ein GAAP verwässertes EPS von 1,60 bis 1,70 US-Dollar.
Zu den Highlights des zweiten Quartals zählen eine starke Bruttogewinnmarge von 78 %, ein Rekordauftragsbestand für Pumpen- und Monitorprodukte sowie die Fertigstellung einer neuen Anlage im Juli 2025. Für das dritte Quartal 2025 prognostiziert das Unternehmen einen Umsatz von 20,5 bis 20,9 Millionen US-Dollar und ein GAAP verwässertes EPS von 0,41 bis 0,45 US-Dollar.
- Record Q2 revenue of $20.4M, up 14% year-over-year
- GAAP diluted EPS increased 18% to $0.45
- Strong gross profit margin of 78%
- Record backlog for pump and monitor products
- Raised full-year 2025 guidance
- Cash flow from operations increased 17% to $7.7M
- Completion of new facility expansion
- Regular quarterly dividend of $0.17 per share maintained
- Anticipated operational inefficiencies in Q3 2025 due to facility transition
- Expected moderation in EPS growth for Q3
- Remaining facility payments of $1.1M due in Q3 2025
Insights
IRADIMED reports impressive Q2 results with record revenue, strong EPS growth, and raised 2025 guidance, demonstrating sustained operational excellence.
IRADIMED has delivered exceptional Q2 2025 results, marking its sixteenth consecutive quarter of record revenue. The
The company's
Revenue growth is well-distributed across product lines: MRI-compatible IV pumps generated
Operating cash flow of
Management has raised full-year guidance, now expecting revenue between
The record backlog for pump and monitor products indicates strong market demand and provides good revenue visibility for coming quarters. Domestic sales accounted for
The completion of their new facility and planned commercialization of their next-generation MRI-compatible IV infusion pump beginning in late 2025 set the stage for sustained growth beyond current guidance. However, investors should monitor the operational transition in Q3, as management has flagged potential temporary inefficiencies that could moderate EPS growth in the short term.
Announces Regular Quarterly Cash Dividend of
Raises Full Year 2025 Revenue and Earnings Guidance
- Reports record revenue of
$20.4 million for the second quarter of 2025, an increase of$2.5 million , or14% , compared to the same period in 2024. - Reports record GAAP diluted EPS of
$0.45 and non-GAAP diluted EPS of$0.49 for the second quarter of 2025, which are increases of18% and17% , respectively, compared to the same period in 2024. - Declares a regular quarterly cash dividend of
$0.17 per share of common stock for the third quarter of 2025, payable on August 28, 2025.
ORLANDO, Fla., Aug. 01, 2025 (GLOBE NEWSWIRE) -- IRADIMED CORPORATION (the “Company” or “Iradimed”) (NASDAQ: IRMD) announced today its financial results for the three and six months ended June 30, 2025. The Company is a leader in developing innovative magnetic resonance imaging (“MRI”) compatible medical devices and products. The Company is a provider of (i) non-magnetic intravenous (“IV”) infusion pump systems and (ii) a non-magnetic patient vital signs monitoring system that are each designed for use during MRI procedures.
“We are proud to report our sixteenth consecutive quarter of record revenue, reaching
“For the third quarter of 2025 financial guidance, we expect revenue of
The Company’s board of directors declared a regular quarterly cash dividend of
Three Months Ended June 30, 2025
For the three months ended June 30, 2025, the Company reported revenue of
For the three months ended June 30, 2025, the Company reported non-GAAP net income of
Six Months Ended June 30, 2025
For the six months ended June 30, 2025, the Company reported revenue of
For the six months ended June 30, 2025, the Company reported non-GAAP net income of
Revenue Information:
| Three Months Ended | Six Months Ended | |||||||||||
| June 30, | June 30, | |||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| Devices: | (unaudited) | (unaudited) | ||||||||||
| MRI Compatible IV Infusion Pump Systems | $ | 8,187,511 | $ | 6,881,199 | $ | 14,186,723 | $ | 12,073,879 | ||||
| MRI Compatible Patient Vital Signs Monitoring Systems | 5,944,269 | 5,450,224 | 12,488,948 | 11,911,882 | ||||||||
| Ferro Magnetic Detection Systems | 482,203 | 366,402 | 900,407 | 616,102 | ||||||||
| Total devices revenue | 14,613,983 | 12,697,825 | 27,576,078 | 24,601,863 | ||||||||
| Amortization of extended warranty agreements | 592,452 | 568,188 | 1,152,651 | 1,055,319 | ||||||||
| Disposables | 4,203,870 | 3,695,717 | 9,150,958 | 7,709,592 | ||||||||
| Services and other | 999,095 | 967,146 | 2,040,350 | 2,160,221 | ||||||||
| Total revenue | $ | 20,409,400 | $ | 17,928,876 | $ | 39,920,037 | $ | 35,526,995 | ||||
For the three months ended June 30, 2025, domestic sales were
For the six months ended June 30, 2025, domestic sales were
Cash Flow from Operations
For the three months ended June 30, 2025, cash flow from operations was
For the six months ended June 30, 2025, cash flow from operations was
The construction of the Company’s new facility in Orlando, Florida (the “New Facility”), was completed in early July 2025. The Company anticipates that the remaining final payments on the New Facility will be made in the third quarter of 2025, totaling approximately
Financial Guidance
For the third quarter of 2025 financial guidance, the Company expects revenue of
The Company’s non-GAAP diluted earnings per share guidance excludes stock-based compensation expense, net of tax expense. The Company expects stock-based compensation expense, net of tax, to be approximately
Use of Non-GAAP Financial Measures
The Company believes using non-GAAP net income, earnings per share, and free cash flow is helpful to our investors. These measures, which we refer to as our non-GAAP financial measures, are not prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These non-GAAP measures are intended to provide the reader with additional supplemental perspectives on operating results, performance trends, and financial condition. Non-GAAP financial measures are not a substitute for GAAP measures; they should be read and used in conjunction with the Company’s GAAP financial information. Because non-GAAP financial measures presented in this release are not measurements determined in accordance with GAAP and are susceptible to varying calculations, these non-GAAP financial measures, as presented, may not be comparable to other similarly titled measures presented by other companies.
We calculate non-GAAP net income as net income excluding:
(1) Stock-based compensation expense, net of tax. Because of varying available valuation methodologies, subjective assumptions, and the variety of equity instruments that can impact a company’s non-cash expenses, we believe that providing non-GAAP financial measures that exclude stock-based compensation expense allows for meaningful comparisons between our operating results from period to period;
(2) Operating expenses, net of tax, that we believe are not indicative of the Company’s ongoing core operating performance; and
(3) Infrequent income tax items are considered based on their nature and are excluded from the provision for income taxes as these costs or benefits are not indicative of our normal or future provision for income taxes.
We calculate free cash flow as net cash provided by operating activities, less net cash used in investing activities for the development of internal software and purchases of property and equipment.
We consider free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by our business that can be used for strategic opportunities, including investing in our business, making strategic acquisitions, strengthening our balance sheet and returning cash to our stockholders through various means.
Our non-GAAP financial measures are important tools for financial and operational decision-making and for evaluating our ongoing core operating results.
A reconciliation of the non-GAAP financial measures used in this release to the most comparable GAAP measures for the respective periods can be found in the table later in this release immediately following the condensed statements of operations. These non-GAAP financial measures should not be considered in isolation or as a substitute for a measure of the Company’s operating performance or liquidity prepared in accordance with GAAP and are not indicative of net income or cash provided by operating activities.
Conference Call
The Company has scheduled a conference call to discuss this release beginning at 11:00 a.m. Eastern Time, August 1, 2025. Individuals interested in listening to the conference call may do so by registering here, https://register-conf.media-server.com/register/BI52cf21ec526142b8b6142d07c87cfcf9.
Once registered a dial-in number, a unique PIN, and instructions will be provided to participants.
The conference call will also be available in real-time via the Internet at http://www.iradimed.com/en-us/investors/events/. A recording of the call will be available on the Company’s website following the call's completion.
About IRADIMED CORPORATION
IRADIMED CORPORATION is a leader in developing innovative Magnetic Resonance Imaging (“MRI”) compatible medical devices. We design, manufacture, market, and distribute MRI-compatible medical devices, accessories, disposables, and related services.
We are the only known provider of a non-magnetic intravenous (“IV”) infusion pump system specifically designed to be safe for use during MRI procedures. We were the first to develop an infusion delivery system that largely eliminates many of the dangers and problems present during MRI procedures. Standard infusion pumps contain magnetic and electronic components that can create radio frequency interference and are dangerous to operate in the presence of the powerful magnet that drives an MRI system. Our patented MRidium® MRI compatible IV infusion pump system has a non-magnetic ultrasonic motor, uniquely designed non-ferrous parts, and other special features to safely and predictably deliver anesthesia and other IV fluids during various MRI procedures. Our pump solution provides a seamless approach that enables accurate, safe, and dependable fluid delivery before, during, and after an MRI scan, which is essential to critically ill patients who cannot be removed from their vital medications and children and infants who must generally be sedated to remain immobile during an MRI scan.
Our 3880 MRI-compatible patient vital signs monitoring system has been designed with non-magnetic components and other special features to safely and accurately monitor a patient’s vital signs during various MRI procedures. The Iradimed 3880 system operates dependably in magnetic fields up to 30,000 gauss, which means it can operate virtually anywhere in the MRI scanner room. The Iradimed 3880 has a compact, lightweight design, allowing it to travel with the patient from the critical care unit to the MRI and back, resulting in increased patient safety through uninterrupted vital signs monitoring and decreasing the amount of time critically ill patients are away from critical care units. The features of the Iradimed 3880 include wireless ECG with dynamic gradient filtering; wireless SpO2 using Masimo® algorithms; non-magnetic respiratory CO2; invasive and non-invasive blood pressure; patient temperature, and optional advanced multi-gas anesthetic agent unit featuring continuous Minimum Alveolar Concentration measurements. The Iradimed 3880 MRI-compatible patient vital signs monitoring system has an easy-to-use design and allows for the effective communication of patient vital signs information to clinicians.
For more information, please visit www.iradimed.com.
Forward-Looking Statements
This release and any oral statements made regarding the subject of this release contain forward-looking statements as defined under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, that address activities that the Company assumes, plans, expects, believes, intends, projects, indicates, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements, including statements relating to financial guidance, future quarterly cash dividends, operational issues settling into the New Facility in the third quarter 2025, commercialization of our next-generation MRI-compatible IV infusion pump, anticipated benefits and growth resulting from New Facility, the final construction payments in connection with New Facility, and the Company’s strategic plans, objectives, and intentions. The forward-looking statements are based on management’s current belief, based on currently available information, as to the outcome and timing of future events. The forward-looking statements involve risks and uncertainties, including, among others, that our business plans may change as circumstances warrant.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date that they are made, which reflect management’s current estimates, projections, expectations, or beliefs, and which involve risks and uncertainties that could cause actual results and outcomes to be materially different. Risks and uncertainties that may affect the future results of the Company include, but are not limited to: our ability to receive 510(k) clearance for our products and product candidates, complete inspections conducted by the U.S. Food & Drug Administration (the “FDA”) or other regulatory bodies resulting in favorable outcomes, additional actions by or requests from the FDA, including a request to cease domestic distribution of products, or other regulatory bodies and unanticipated costs or delays associated with the resolution of these matters; the timing and likelihood of regulatory approvals or clearances from the FDA or other regulatory bodies and regulatory actions on our product candidates and product marketing activities; unexpected costs, expenses and diversion of management attention resulting from actions or requests posed to us by the FDA or other regulatory bodies; failure to obtain and/or maintain regulatory approvals or clearances and comply with applicable regulations; our primary reliance on a limited number of products; our ability to retain the continued service of our key professionals, including key management, marketing and scientific personnel, and to identify, hire and retain such additional qualified professionals; our expectations regarding the sales and marketing of our products, product candidates and services; our expectations regarding the integrity of our supply chain for our products; the potential for adverse application of environmental, health and safety and other laws and regulations of any jurisdiction on our operations; our expectations for market acceptance of our new products; the potential for our marketed products to be withdrawn due to recalls, patient adverse events or deaths; our ability to successfully prepare, file, prosecute, maintain, defend, including in cases of infringement, and enforce patent claims and other intellectual property rights on our products; our ability to identify and pursue development of additional products; the implementation of our business strategies; the potential for exposure to product liability claims; our financial performance expectations and interpretations thereof by securities analysts and investors; our ability to compete in the development and marketing of our products and product candidates with existing companies and new market entrants in our industry; difficulties or delays in the development, production, manufacturing and marketing of new or existing products and services, including difficulties or delays associated with obtaining requisite regulatory approvals or clearances associated with those activities; changes in laws and regulations or in the interpretation or application of laws or regulations, as well as possible failures to comply with applicable laws or regulations as a result of possible misinterpretations or misapplications; cost-containment efforts of our customers, purchasing groups, third-party payers and governmental organizations; costs associated with protecting our trade secrets and enforcing our patent, copyright and trademark rights, and successful challenges to the validity of our patents, copyrights or trademarks; actions of regulatory bodies and other government authorities, including the FDA and foreign counterparts, that could delay, limit or suspend product development, manufacturing or sales or result in recalls, seizures, consent decrees, injunctions and monetary sanctions; costs or claims resulting from potential errors or defects in our manufacturing that may injure persons or damage property or operations, including costs from remediation efforts or recalls; the results, consequences, effects or timing of any commercial disputes, patent infringement claims or other legal proceedings or any government investigations; changes in our production capacity, including interruptions in our ability to manufacture our products or an inability to obtain key components or raw materials or increased costs in such key components or raw materials; the failure of third parties to uphold their contractual duties or meet expected deadlines; uncertainties in our industry due to the effects of government-driven or mandated healthcare reform; competitive pressures in the markets in which we operate; potential negative impacts resulting from a future pandemic or epidemic, or natural disaster; the impact on our operations and financial results of any public health emergency and any related policies and actions by governments or other third parties; breaches or failures of our or our vendors’ or customers’ information technology systems or products, including by cyber-attack, data leakage, unauthorized access or theft; the loss of, or default by, one or more key customers or suppliers; unfavorable changes to the terms of key customer or supplier relationships; weakening of economic conditions, or the anticipation thereof, that could adversely affect the level of demand for our products; increasing and/or fluctuating tax and interest rates as well as inflationary pressures on the U.S. and global economies; geopolitical risks, including tariffs, trade disputes, international conflicts and recent or upcoming elections in the United States and other countries, which could, among other things, lead to increased market volatility; and other risks detailed in our filings with the United States Securities and Exchange Commission (the “SEC”).
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of the Company’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to, those included in Part II, Item 1A, “Risk Factors” of the Company’s Quarterly Reports on Form 10-Q, and Part I, Item 1A, “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as well as those otherwise described or updated from time to time in our other filings with the SEC. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and the Company undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
| IRADIMED CORPORATION CONDENSED BALANCE SHEETS | |||||
| June 30, | December 31, | ||||
| 2025 | 2024 | ||||
| (unaudited) | (audited) | ||||
| ASSETS | |||||
| Current assets: | |||||
| Cash and cash equivalents | $ | 52,995,781 | $ | 52,233,907 | |
| Other current assets | 24,376,831 | 22,472,302 | |||
| Total current assets | 77,372,612 | 74,706,209 | |||
| Property and equipment, net | 22,938,080 | 16,810,797 | |||
| Other assets | 6,136,797 | 6,808,769 | |||
| Total assets | $ | 106,447,489 | $ | 98,325,775 | |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||
| Current liabilities: | |||||
| Accounts payable | $ | 1,900,980 | $ | 1,896,405 | |
| Deferred revenue | 3,257,556 | 2,259,616 | |||
| Other current liabilities | 3,656,010 | 4,356,287 | |||
| Total current liabilities | 8,814,546 | 8,512,308 | |||
| Deferred revenue, non-current | 3,331,557 | 2,993,287 | |||
| Operating lease liability, non-current | — | 1,424 | |||
| Total liabilities | 12,146,103 | 11,507,019 | |||
| Stockholders’ equity: | |||||
| Total stockholders’ equity | 94,301,386 | 86,818,756 | |||
| Total liabilities and stockholders’ equity | $ | 106,447,489 | $ | 98,325,775 | |
| IRADIMED CORPORATION CONDENSED STATEMENTS OF OPERATIONS (Unaudited) | |||||||||||
| Three Months Ended | Six Months Ended | ||||||||||
| June 30, | June 30, | ||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||
| Revenue | $ | 20,409,400 | $ | 17,928,876 | $ | 39,920,037 | $ | 35,526,995 | |||
| Cost of revenue | 4,454,408 | 3,919,283 | 9,122,239 | 8,129,679 | |||||||
| Gross profit | 15,954,992 | 14,009,593 | 30,797,798 | 27,397,316 | |||||||
| Operating expenses: | |||||||||||
| General and administrative | 4,279,993 | 4,104,961 | 8,890,825 | 8,096,172 | |||||||
| Sales and marketing | 4,009,640 | 3,476,460 | 8,185,913 | 7,303,625 | |||||||
| Research and development | 877,362 | 801,129 | 1,501,607 | 1,622,129 | |||||||
| Total operating expenses | 9,166,995 | 8,382,550 | 18,578,345 | 17,021,926 | |||||||
| Income from operations | 6,787,997 | 5,627,043 | 12,219,453 | 10,375,390 | |||||||
| Other income, net | 539,247 | 642,217 | 1,053,220 | 1,137,371 | |||||||
| Income before provision for income taxes | 7,327,244 | 6,269,260 | 13,272,673 | 11,512,761 | |||||||
| Provision for income tax expense | 1,553,283 | 1,368,036 | 2,811,283 | 2,475,004 | |||||||
| Net income | $ | 5,773,961 | $ | 4,901,224 | $ | 10,461,390 | $ | 9,037,757 | |||
| Net income per share: | |||||||||||
| Basic | $ | 0.45 | $ | 0.39 | $ | 0.82 | $ | 0.71 | |||
| Diluted | $ | 0.45 | $ | 0.38 | $ | 0.82 | $ | 0.71 | |||
| Weighted average shares outstanding: | |||||||||||
| Basic | 12,715,872 | 12,664,920 | 12,715,053 | 12,663,723 | |||||||
| Diluted | 12,835,408 | 12,757,996 | 12,830,480 | 12,753,932 | |||||||
| IRADIMED CORPORATION RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (Unaudited) Non-GAAP Net Income and Diluted EPS | ||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||
| June 30, | June 30, | |||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| Net income | $ | 5,773,961 | $ | 4,901,224 | $ | 10,461,390 | $ | 9,037,757 | ||||
| Excluding: | ||||||||||||
| Stock-based compensation expense, net of tax benefit | 577,188 | 481,186 | 1,229,778 | 977,812 | ||||||||
| Non-GAAP net income | $ | 6,351,149 | $ | 5,382,410 | $ | 11,691,168 | $ | 10,015,569 | ||||
| Weighted-average shares outstanding – diluted | 12,835,408 | 12,757,996 | 12,830,480 | 12,753,932 | ||||||||
| Non-GAAP net income per share – diluted | $ | 0.49 | $ | 0.42 | $ | 0.91 | $ | 0.79 | ||||
| Non-GAAP Free Cash Flow | ||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||
| June 30, | June 30, | |||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| Net cash provided by operating activities | $ | 7,746,261 | $ | 6,638,526 | $ | 12,038,353 | $ | 10,521,680 | ||||
| Less: | ||||||||||||
| Capital Expenditures | 2,823,738 | 1,269,770 | 6,741,038 | 1,748,573 | ||||||||
| Free cash flow | $ | 4,922,523 | $ | 5,368,756 | $ | 5,297,315 | $ | 8,773,107 | ||||
Media Contact:
IRADIMED CORPORATION
(407) 677-8022
InvestorRelations@iradimed.com
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