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Mar 31, 2020
IRadimed Q1 2020 Earnings Report
IRadimed announced financial results for Q1 2020, with revenue increasing slightly and net income remaining stable compared to the previous year.
Key Takeaways
IRadimed reported a slight increase in revenue for the first quarter of 2020, with stable net income. The company's cash flow from operations increased, and it maintains a strong balance sheet despite the uncertainty created by COVID-19.
Revenue increased to $8.7 million compared to $8.4 million in Q1 2019.
Net income remained stable at $1.8 million, with EPS of $0.14 per diluted share.
Non-GAAP net income increased to $2.2 million, or $0.18 per diluted share.
Cash flow from operations increased to $1.2 million, and free cash flow was $1.0 million.
Forward Guidance
Due to the rapidly changing situation and 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
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Avg. Return Before/After Earnings
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