NASDAQ$IRMD

IRadimed Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

IRadimed's first quarter results exceeded expectations with strong revenue growth and increased income before taxes.

IRadimed Corporation reported strong first-quarter results, with revenue exceeding internal expectations and a significant increase in income before taxes. The company's IV pump revenue grew by nearly 32% year-over-year, and backlog increased from already elevated levels.

  • First quarter bookings and revenue surpassed internal expectations.
  • IV pump revenue increased by nearly 32% compared to the previous year.
  • Income before taxes increased by 112%, demonstrating the quarter's strength.
  • Backlog grew from already high levels at the end of the previous year.

Headline financials

Total Revenue

$9.22M

Previous: $8.68M+6.3%
EPS (adj)

$0.13

Previous: $0.18-27.8%
Gross Profit Margin

76.6%

Previous: 74.5%+2.8%
Capital Expenditures

-$132K

Previous: -$167K+20.6%
Free Cash Flow

$1.25M

Previous: $1.6M-21.7%
Net Income

$1.39M

Previous: $1.77M-21.6%
Operating Income

$1.78M

Previous: $737K+141.0%
Gross Profit

$7.06M

Previous: $6.46M+9.3%
Cash & Equivalents

$52.7M

Previous: $47.4M+11.2%
Total Assets

$72.2M

Previous: $68.4M+5.6%
Stock-Based Comp

$348K

Previous: $569K-38.9%

Revenue & EPS history

IRadimed · Revenue · Quarterly

$9.22M

Q1 2021+6.3%vs Q1 2020
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Due to the significant uncertainty surrounding the impact of COVID-19, the Company believes it is prudent to refrain from providing financial guidance at this time. The Company continues to monitor the circumstances around the pandemic and will provide financial guidance once there is more certainty around the pandemic’s impact on its business.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+2.2%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+2.8%

Avg return

30 days after

59%

30 / 51 earnings

Positive

+32.1%

Q2 2019

Best reaction

-20.0%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.5%+3.4%+8.6%
Q4 2025+9.6%+4.0%+3.5%
Q3 2025+9.4%+9.8%+21.3%
Q1 2025-2.3%-3.0%+13.7%
Q4 2024-8.4%-5.8%-13.3%
Q3 2024-8.8%-0.4%+1.9%
Q2 2024-4.9%-6.6%+0.5%
Q1 2024+6.4%+4.0%+1.1%
Q4 2023-6.9%-3.3%-5.2%
Q3 2023+3.5%-1.3%+3.5%
Q2 2023+10.7%+10.4%+9.7%
Q1 2023+8.5%+8.3%+13.0%
Q4 2022+10.1%-0.3%+3.7%
Q3 2022+5.2%+6.0%+9.4%
Q2 2022-1.4%-3.2%-17.8%
Q1 2022-17.2%-21.5%-19.4%
Q4 2021+19.8%+33.5%+24.1%
Q3 2021+6.4%+5.1%+16.8%
Q2 2021+1.0%-1.8%-2.2%
Q1 2021+5.9%+9.2%+3.9%
Q4 2020-7.2%-2.4%-7.8%
Q3 2020+3.1%+2.7%+9.0%
Q2 2020-4.2%-2.7%-7.2%
Q1 2020-7.9%-8.4%+8.1%
Q4 2019+2.4%-0.5%-10.8%
Q3 2019+5.5%+1.9%-8.2%
Q2 2019+32.1%+23.6%+7.1%
Q1 2019-20.0%-15.1%-25.3%
Q4 2018-0.4%-0.9%-12.4%
Q3 2018+1.7%+4.8%+16.1%
Q2 2018+4.6%+9.8%+17.5%
Q1 2018+13.6%+15.1%+17.0%
Q4 2017-6.3%-7.3%-13.6%
Q3 2017+12.2%+7.1%+11.0%
Q2 2017+17.3%+14.9%+18.5%
Q1 2017-3.4%-3.4%-6.2%
Q4 2016-4.0%-2.8%-2.8%
Q3 2016+2.2%+0.5%+22.7%
Q2 2016+2.8%-4.6%-1.2%
Q1 2016-5.6%
Q4 2015-17.1%
Q3 2015+11.6%
Q1 2014+0.2%
Q2 2015+18.6%
Q1 2015+2.2%
Q4 2014+7.2%
Q3 2013+4.9%
Q3 2014+4.9%
Q4 2013-2.3%
Q2 2013-2.3%
Q2 2014-0.4%
Q1 2013

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