NASDAQ$IRMD

IRadimed Corporation · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

IRadimed reported record revenue and increased its regular quarterly cash dividend.

IRadimed Corporation announced its Q4 and full year 2024 financial results, reporting record revenue of $19.4 million for the fourth quarter, an 11% increase compared to the same period in 2023. GAAP diluted EPS was $0.40 and non-GAAP diluted EPS was $0.44 for the fourth quarter. The company also increased its quarterly cash dividend to $0.17 per share.

  • Reported record revenue of $19.4 million for Q4 2024, an 11% increase year-over-year.
  • GAAP diluted EPS was $0.40 and non-GAAP diluted EPS was $0.44 for Q4 2024.
  • Increased regular quarterly cash dividend to $0.17 per share.
  • Construction of new facility progressing well, with completion set for mid-year.

Headline financials

Total Revenue

$19.4M

Previous: $17.5M+11.1%
EPS (adj)

$0.44

Previous: $0.39+12.8%
Gross Profit Margin

76.0%

Previous: 76.9%-1.2%
Capital Expenditures

-$3.06M

Previous: $532K-674.7%
Net Income

$5.15M

Previous: $4.54M+13.4%
Operating Income

$5.8M

Previous: $5.16M+12.4%
Gross Profit

$14.8M

Previous: $13.4M+10.0%
R&D Expense

$570K

Previous: $650K-12.4%

Revenue & EPS history

IRadimed · Revenue · Quarterly

$19.4M

Q4 2024+11.1%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

For the full year 2025, the Company expects to report revenue of $78.0 million to $82.0 million, GAAP diluted earnings per share of $1.55 to $1.65, and non-GAAP diluted earnings per share of $1.71 to $1.81. For the first quarter of 2025 financial guidance, the Company expects revenue of $19.2 million to $19.4 million, GAAP diluted earnings per share of $0.35 to $0.39, and non-GAAP diluted earnings per share of $0.39 to $0.43

Tailwinds

  • Full year 2025 revenue is expected to be between $78.0 million and $82.0 million.
  • Full year 2025 GAAP diluted earnings per share are projected to be between $1.55 and $1.65.
  • Full year 2025 non-GAAP diluted earnings per share are expected to be between $1.71 and $1.81.
  • First quarter 2025 revenue is expected to be between $19.2 million and $19.4 million.
  • First quarter 2025 GAAP diluted earnings per share are projected to be between $0.35 and $0.39.

Headwinds

  • First quarter 2025 non-GAAP diluted earnings per share are expected to be between $0.39 and $0.43.
  • Stock-based compensation expense, net of tax, is expected to be approximately $2.6 million for the full year 2025.
  • Stock-based compensation expense, net of tax, is expected to be approximately $0.6 million for the first quarter of 2025.
  • Construction costs for the new facility are expected to be approximately $5.5 million in cash in 2025.
  • Forward-looking statements are subject to risks and uncertainties.

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 2024

Historical avgQ4 2024

+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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