Iradimed Corp Stock Price, News & Analysis

IRADIMED CORPORATION (NASDAQ: IRMD) will announce its 2023 first quarter financial results before markets open on May 4th, followed by a conference call at 11:00 a.m. ET. Interested participants can register online to join the call, which will also be streamed live on their website. The company is known for its innovative MRI-compatible medical devices, including the MRidium® IV infusion pump and the iRadimed 3880 vital signs monitoring system, designed for safety and efficiency during MRI procedures. These products utilize non-magnetic components to eliminate risks associated with traditional devices in high-field MRI environments, enhancing patient care.

IRADIMED CORPORATION (NASDAQ: IRMD) announced that CEO Roger Susi will present at the 35th Annual Roth Conference on March 13, 2023, at 11:30 am PT in Laguna Niguel, CA. The event will feature 1-on-1 meetings, thematic panels, and presentations from around 400 companies. A live webcast and replay of the fireside chat will be available on Iradimed’s investor page. Iradimed is known for its innovative MRI-compatible medical devices, including its patented MRidium® IV infusion pump system, designed to ensure safety during MRI procedures. The company also manufactures the 3880 MRI-compatible patient vital signs monitoring system, enhancing patient care during MRI scans.

IRADIMED CORPORATION (NASDAQ: IRMD) issued an Urgent Medical Device Correction Letter regarding potential issues with the 1057 Syringe Adapter Set. This device may experience reduced flow and inlet occlusion during use with the MRidium infusion pump, impacting an estimated 0.4% of recently manufactured sets. The company received five customer complaints, none resulting in injury or death. This proactive measure is taken with FDA knowledge and does not affect other products. Importantly, IRADIMED does not anticipate any material financial impact from this corrective action.

IRADIMED CORPORATION (NASDAQ: IRMD) reported strong financial results for Q4 and full-year 2022. Revenue for Q4 reached $14.9 million, up from $11.9 million in Q4 2021, while full-year revenue was $53.3 million, compared to $41.8 million in 2021. GAAP diluted EPS for Q4 was $0.29, and $1.02 for the year. The company announced a special cash dividend of $1.05 per share, payable on February 21, 2023. For 2023, IRADIMED expects revenue between $61 million and $63 million with diluted EPS guidance of $1.10 to $1.20.

IRADIMED CORPORATION (NASDAQ: IRMD) will announce its 2022 Q4 financial results on February 2, 2023, before market opening. Following the release, management will host a conference call at 11:00 a.m. ET to discuss the results and engage with investors. Participants can register for the call and access it via a unique dial-in number provided post-registration. IRADIMED specializes in MRI-compatible medical devices, notably their MRidium® intravenous infusion pump system and the 3880 patient vital signs monitoring system, both of which enhance patient safety during MRI procedures.

IRADIMED CORPORATION (NASDAQ: IRMD) reported preliminary fourth-quarter 2022 revenue of $14.9 million, marking a 25% increase from the previous year and surpassing guidance of $14.1 million to $14.8 million. This achievement reflects six consecutive quarters of revenue growth, with full-year revenue up 27.5% year-over-year. For 2023, the company projects revenue between $61 million and $63 million and diluted earnings per share of $1.10 to $1.20. The first quarter guidance anticipates revenue of $14.6 million to $14.9 million and diluted earnings per share of $0.23 to $0.25. These results signify strong demand for their MRI-compatible medical devices.

IRADIMED CORPORATION (NASDAQ: IRMD) reported strong financial results for Q3 2022, with revenue reaching $13.4 million, a 23% increase year-over-year, and operating income of $4.1 million, up 32%. GAAP diluted EPS increased 35% to $0.27. For the first nine months, total revenue was $38.4 million, compared to $30.0 million in 2021. The company also announced plans to purchase 27 acres for future expansion in Orlando, Florida and anticipates consistent growth with stronger bookings.