NASDAQ$IRMD

IRadimed Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported strong first quarter results with increased revenue and earnings.

iRadimed Corporation announced strong first-quarter results, with revenue increasing to $12.3 million compared to $9.2 million in the first quarter of 2021. Net income also rose to $2.5 million, or $0.20 per diluted share, compared to $1.4 million, or $0.11 per diluted share in the prior year. The company increased its full-year outlook, expecting revenue of $52.5 million to $53.2 million and non-GAAP earnings per share of $0.96 to $1.03.

  • Revenue increased to $12.3 million compared to $9.2 million for the first quarter 2021.
  • Net income was $2.5 million, or $0.20 per diluted share, compared to $1.4 million, or $0.11 per diluted share for the first quarter 2021.
  • Non-GAAP net income was $2.8 million, or $0.22 per diluted share.
  • Company increased its full year 2022 financial guidance.

Headline financials

Total Revenue

$12.3M

Previous: $9.22M+33.5%
EPS (adj)

$0.22

Previous: $0.13+69.2%
Gross Profit Margin

76.2%

Previous: 76.6%-0.5%
Capital Expenditures

-$183K

Previous: -$132K-38.6%
Free Cash Flow

$2.3M

Previous: $1.25M+83.6%
Net Income

$2.49M

Previous: $1.39M+79.3%
Operating Income

$3.07M

Previous: $1.78M+73.0%
Gross Profit

$9.38M

Previous: $7.06M+32.8%
Cash & Equivalents

$50.4M

Previous: $52.7M-4.3%
Total Assets

$72.4M

Previous: $72.2M+0.3%
Stock-Based Comp

$453K

Previous: $348K+30.4%

Revenue & EPS history

IRadimed · Revenue · Quarterly

$12.3M

Q1 2022+33.5%vs Q1 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

For the second quarter 2022, the Company expects to report revenue of $12.5 million to $12.7 million, GAAP diluted earnings per share of $0.21 to $0.23, and non-GAAP diluted earnings per share of $0.23 to $0.25. The Company increased its full year 2022 financial guidance and now expects to report revenue of $52.5 million to $53.2 million, GAAP diluted earnings per share of $0.89 to $0.95, and non-GAAP diluted earnings per share of $0.96 to $1.03.

Tailwinds

  • Expects revenue of $12.5 million to $12.7 million for Q2 2022.
  • Expects GAAP diluted earnings per share of $0.21 to $0.23 for Q2 2022.
  • Expects non-GAAP diluted earnings per share of $0.23 to $0.25 for Q2 2022.
  • Increased full year 2022 revenue guidance to $52.5 million to $53.2 million.
  • Increased full year 2022 non-GAAP diluted earnings per share guidance to $0.96 to $1.03.

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 2022

Historical avgQ1 2022

+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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