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iRadimed Corporation develops, manufactures, markets and distributes Magnetic Resonance Imaging compatible products, and provides non-magnetic intravenous infusion pump systems. The Company operates through development, manufacture and sale of MRI compatible products and IV infusion pump systems for use by hospitals and acute care facilities during MRI procedures segment. Its MRidium MRI compatible IV infusion pump system has been designed with a non-magnetic ultrasonic motor, non-ferrous part and other features in order to deliver anesthesia and other IV fluids during various MRI procedures. In addition, it offers optional upgrade systems.

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TypePublic
Founded2004
HQWinter Springs, US
Websiteiradimed.com
Employee Ratings0

Locations

IRadimed is headquartered in
Winter Springs, United States

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Latest Updates

Employees (est.) (Feb 2019)83
Revenue (FY, 2017)$23.1 M(-28%)
Share Price (Feb 2019)$26.5 (-3%)

Key People/Management at IRadimed

Roger Susi

Roger Susi

Chairman of the Board, Chief Executive Officer and President
Chris Scott

Chris Scott

Chief Financial Officer and Secretary
John McCreery

John McCreery

COO
Fran Casey

Fran Casey

Vice President of Regulatory and Quality Assurance
Steve Nardi

Steve Nardi

Vice President of Manufacturing
Louis Waldman

Louis Waldman

Controller
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IRadimed Office Locations

IRadimed has an office in Winter Springs
Winter Springs, US (HQ)
1025 Willa Springs Dr
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IRadimed Financials and Metrics

IRadimed Revenue

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IRadimed's revenue was reported to be $23.08 m in FY, 2017
USD

Revenue (Q3, 2018)

7.6m

Gross profit (Q3, 2018)

5.8m

Gross profit margin (Q3, 2018), %

76%

Net income (Q3, 2018)

2.4m

EBIT (Q3, 2018)

1.4m

Market capitalization (12-Feb-2019)

289.4m

Closing stock price (12-Feb-2019)

26.5

Cash (30-Sep-2018)

23.7m
IRadimed's current market capitalization is $289.4 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

15.7m31.6m32.5m23.1m

Revenue growth, %

102%3%

Cost of goods sold

3.4m5.8m6.2m5.6m

Gross profit

12.2m25.8m26.3m17.5m
Quarterly
USDQ2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

4.7m3.8m7.6m8.2m9.0m9.9m7.7m5.2m5.5m5.7m7.1m7.4m7.6m

Cost of goods sold

869.7k959.6k1.4m1.6m1.7m1.7m1.4m1.4m1.2m1.3m1.7m1.7m1.8m

Gross profit

3.8m2.9m6.2m6.6m7.3m8.1m6.3m3.8m4.3m4.4m5.4m5.7m5.8m

Gross profit Margin, %

81%75%81%81%81%82%82%73%78%77%76%77%76%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

9.5m19.4m17.7m18.2m

Accounts Receivable

2.0m3.9m3.8m3.8m

Inventories

276.5k318.0k362.9k4.2m

Current Assets

22.2m34.0m34.2m35.1m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

2.1m7.5m7.2m499.8k

Depreciation and Amortization

149.1k223.9k248.3k1.3m

Inventories

(154.9k)(32.0k)4.9k(334.1k)

Accounts Payable

201.7k376.3k1.1k(523.4k)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

1.8m1.9m2.3m2.2m1.6m(233.3k)192.4k

Inventories

287.1k

Accounts Payable

989.1k640.2k781.6k1.0m916.9k1.2m1.2m991.9k859.1k736.9k794.4k
USDY, 2018

Financial Leverage

1.2 x
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IRadimed Operating Metrics

FY, 2016

Patents Issued

14
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IRadimed Revenue Breakdown

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IRadimed revenue breakdown by business segment: 20.7% from Disposable IV Sets and Services and 79.3% from Devices

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IRadimed Online and Social Media Presence

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IRadimed Company Life and Culture

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IRadimed Frequently Asked Questions

  • When was IRadimed founded?

    IRadimed was founded in 2004.

  • Who are IRadimed key executives?

    IRadimed's key executives are Roger Susi, Chris Scott and John McCreery.

  • How many employees does IRadimed have?

    IRadimed has 83 employees.

  • What is IRadimed revenue?

    Latest IRadimed annual revenue is $23.1 m.

  • What is IRadimed revenue per employee?

    Latest IRadimed revenue per employee is $278.1 k.

  • Who are IRadimed competitors?

    Competitors of IRadimed include Alignment Healthcare, Mayday Healthcare and Oceans Healthcare.

  • Where is IRadimed headquarters?

    IRadimed headquarters is located at 1025 Willa Springs Dr, Winter Springs.

  • Where are IRadimed offices?

    IRadimed has an office in Winter Springs.

  • How many offices does IRadimed have?

    IRadimed has 1 office.