NASDAQ$IRMD

IRadimed Corporation · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

IRadimed reported a decrease in revenue and net income due to the challenging environment resulting from the pandemic.

IRadimed Corporation announced its Q3 2020 financial results, reporting a revenue of $7.7 million compared to $10.0 million for Q3 2019. Net income was $1.1 million, or $0.09 per diluted share, compared to $2.5 million, or $0.20 per diluted share for Q3 2019.

  • Revenue for the third quarter ended September 30, 2020 was $7.7 million, compared to $10.0 million for the third quarter 2019.
  • Net income for the third quarter 2020 was $1.1 million, or $0.09 per diluted share, compared to $2.5 million, or $0.20 per diluted share for the third quarter 2019.
  • Non-GAAP net income was $1.4 million for the quarter ended September 30, 2020.
  • Free cash flow was $1.3 million for the third quarter 2020, compared to $3.1 million for the third quarter 2019.

Headline financials

Total Revenue

$7.7M

Previous: $9.96M-22.7%
EPS (adj)

$0.11

Previous: $0.23-52.2%
Gross Profit Margin

74.6%

Previous: 78.2%-4.6%
Capital Expenditures

-$349K

Previous: -$196K-77.9%
Free Cash Flow

$725K

Previous: $2.26M-67.9%
Net Income

$1.07M

Previous: $2.45M-56.2%
Operating Income

$785K

Previous: $2.52M-68.8%
Gross Profit

$5.74M

Previous: $7.8M-26.4%
Cash & Equivalents

$47.5M

Previous: $38.6M+23.1%
Total Assets

$70.4M

Previous: $62.6M+12.6%
Stock-Based Comp

$417K

Previous: $456K-8.6%

Revenue & EPS history

IRadimed · Revenue · Quarterly

$7.7M

Q3 2020-22.7%vs Q3 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 Q3 2020

Historical avgQ3 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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