NASDAQ$IRMD

IRadimed Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

IRadimed Corporation reported a decrease in revenue and net income for the fourth quarter of 2020, while gross profit margin increased slightly.

IRadimed Corporation announced its Q4 2020 financial results, with revenue at $8.5 million and net income at $0.6 million, or $0.05 per diluted share. The company reported an 11% sequential increase in revenue compared to the third quarter. Bookings were close to the record set in Q4 of the previous year.

  • Q4 2020 revenue was $8.5 million, compared to $10.9 million in Q4 2019.
  • Net income for Q4 2020 was $0.6 million, or $0.05 per diluted share, compared to $3.2 million, or $0.26 per diluted share in Q4 2019.
  • Non-GAAP net income for Q4 2020 was $0.9 million, compared to $3.7 million in Q4 2019.
  • Free cash flow for Q4 2020 was $2.4 million, compared to $3.8 million for Q4 2019.

Headline financials

Total Revenue

$8.55M

Previous: $10.9M-21.5%
EPS (adj)

$0.07

Previous: $0.30-76.7%
Gross Profit Margin

75.3%

Previous: 74.8%+0.7%
Capital Expenditures

$93.7K

Previous: $172K-45.5%
Free Cash Flow

$2.4M

Previous: $3.8M-36.8%
Net Income

$600K

Previous: $3.2M-81.3%
Operating Income

$651K

Previous: $2.24M-70.9%
Gross Profit

$6.4M

Previous: $8.15M-21.5%
Cash & Equivalents

$50.1M

Previous: $43.5M+15.1%
Total Assets

$71.1M

Previous: $66.7M+6.5%
Stock-Based Comp

$318K

Previous: $549K-42.0%

Revenue & EPS history

IRadimed · Revenue · Quarterly

$8.55M

Q4 2020-21.5%vs Q4 2019
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Due to the significant uncertainty regarding 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 Q4 2020

Historical avgQ4 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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