NASDAQ$IRMD

IRadimed Corporation · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

iRadimed's second quarter revenue was depressed due to the pandemic, but saw encouraging signs from international demand and increased ability to engage U.S. customers.

iRadimed Corporation reported a decrease in revenue for the second quarter of 2020, with a net loss due to a one-time charge from the separation of its former CEO. However, the company saw encouraging signs from international demand and increased engagement with U.S. customers.

  • Second quarter revenue was $6.8 million, compared to $9.2 million for the second quarter 2019.
  • Net loss was $(2.1) million, or $(0.17) per diluted share, compared to net income of $2.1 million, or $0.17 per diluted share for the second quarter 2019.
  • Non-GAAP net income was $0.6 million for the quarter ended June 30, 2020, compared to $2.4 million for the quarter ended June 30, 2019.
  • Free cash flow was $0.7 million for the second quarter ended June 30, 2020, compared to $2.4 million for the second quarter 2019.

Headline financials

Total Revenue

$6.79M

Previous: $9.23M-26.3%
EPS (adj)

$0.05

Previous: $0.20-75.0%
Capital Expenditures

-$301K

Previous: -$119K-152.7%
Free Cash Flow

-$2.41M

Previous: $1.97M-222.5%
Net Income

-$2.11M

Previous: $2.09M-201.1%
Operating Income

-$2.93M

Previous: $2.38M-223.3%
Gross Profit

$4.93M

Previous: $7.37M-33.1%
Cash & Equivalents

$45.5M

Previous: $32.4M+40.2%
Total Assets

$68.8M

Previous: $56.8M+21.1%
Stock-Based Comp

$2.66M

Previous: $468K+467.6%

Revenue & EPS history

IRadimed · Revenue · Quarterly

$6.79M

Q2 2020-26.3%vs Q2 2019
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Due to the high degree of uncertainty created by the global impact of COVID-19, the Company withdrew its previous guidance on April 7, 2020 and is not providing any additional financial guidance at this time.

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 Q2 2020

Historical avgQ2 2020

+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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