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May 05, 2025(Last modified: May 06, 2025)
IRADIMED Corporation, trading as NASDAQ:IRMD, specializes in MRI-compatible medical devices, including non-magnetic intravenous infusion pump systems and patient vital sign monitors. Based in Winter Springs, Florida, IRMD is part of the Zacks Medical - Instruments industry. The company competes with other medical device manufacturers, focusing on innovative solutions for MRI environments.
On May 5, 2025, IRMD reported earnings per share (EPS) of $0.37, missing the estimated $0.43. Despite this, the company achieved a non-GAAP diluted EPS of $0.42, reflecting a 17% increase from the previous year. This slight earnings surprise of -2.33% contrasts with the previous year's EPS of $0.36, indicating growth despite not meeting expectations.
IRMD's revenue for Q1 2025 was $19.51 million, slightly below the anticipated $19.81 million. However, this figure exceeded the Zacks Consensus Estimate by 0.26% and marked an 11% increase from the previous year's $17.6 million. This growth highlights the company's ability to expand its market presence and generate higher sales.
The company maintains a strong financial position, with a price-to-earnings (P/E) ratio of 33.61 and a price-to-sales ratio of 8.85. These metrics indicate investor confidence in IRMD's earnings and revenue potential. The low debt-to-equity ratio of 0.00066 suggests minimal reliance on debt, while a current ratio of 8.87 demonstrates robust liquidity.
IRMD has declared a regular quarterly cash dividend of $0.17 per share, payable on May 30, 2025. This move reaffirms the company's commitment to returning value to shareholders. With an earnings yield of 2.98% and an enterprise value to sales ratio of 8.18, IRMD's financial health and market valuation remain strong, supporting its growth trajectory.
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