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Dec 31, 2020
IRadimed Q4 2020 Earnings Report
IRadimed Corporation reported a decrease in revenue and net income for the fourth quarter of 2020, while gross profit margin increased slightly.
Key Takeaways
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.
Revenue by Geographic Location
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
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Avg. Return Before/After Earnings
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