IRadimed: Fourth Quarter Financial Highlights

IRadimed Corp. Announces Fourth Quarter Financial Results

IRadimed Corp., headquartered in Orlando, Florida, revealed a net profit of $6.4 million for the fourth quarter.

The company reported earnings of 50 cents per share, with adjusted earnings—excluding stock option costs—totaling 54 cents per share.

During this period, IRadimed, a manufacturer specializing in IV devices compatible with MRI equipment, achieved $22.7 million in revenue.

For the full year, IRadimed recorded a total profit of $22.5 million, or $1.75 per share, with annual revenue reaching $83.8 million.

Looking ahead to the first quarter ending in March, the company anticipates earnings per share to fall between 44 and 48 cents.

Projected revenue for the upcoming quarter is expected to be between $21 million and $22 million.

Financial data in this article was compiled using information from Zacks Investment Research and processed by Automated Insights.