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Mar 31, 2021
IRadimed Q1 2021 Earnings Report
IRadimed's first quarter results exceeded expectations with strong revenue growth and increased income before taxes.
Key Takeaways
IRadimed Corporation reported strong first-quarter results, with revenue exceeding internal expectations and a significant increase in income before taxes. The company's IV pump revenue grew by nearly 32% year-over-year, and backlog increased from already elevated levels.
First quarter bookings and revenue surpassed internal expectations.
IV pump revenue increased by nearly 32% compared to the previous year.
Income before taxes increased by 112%, demonstrating the quarter's strength.
Backlog grew from already high levels at the end of the previous year.
Forward Guidance
Due to the significant uncertainty surrounding 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
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Avg. Return Before/After Earnings
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