MRI Interventions, Inc., a medical device company, develops and commercializes platforms for performing minimally invasive surgical procedures in the brain and heart under direct, intra-procedural magnetic resonance imaging guidance primarily in the United States. The company offers ClearPoint system, a neuro intervention system that is used to perform minimally invasive surgical procedures in the brain. It is also developing ClearTrace system, a cardiac intervention system for performing minimally invasive surgical procedures in the heart.
Type
Public
HQ
Irvine, US
Founded
1998
Size (employees)
33 (est)
MRI Interventions was founded in 1998 and is headquartered in Irvine, US
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MRI Interventions Office Locations

MRI Interventions has an office in Irvine
Irvine, US (HQ)
5 Musick
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MRI Interventions Financials and Metrics

MRI Interventions Revenue

MRI Interventions's revenue was reported to be $7.38 m in FY, 2017
USD

Revenue (Q1, 2018)

1.6 m

Gross profit (Q1, 2018)

1 m

Gross profit margin (Q1, 2018), %

63.7%

Net income (Q1, 2018)

(1.6 m)

EBIT (Q1, 2018)

(1.4 m)

Cash (31-Mar-2018)

7.5 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

3.9 m3.6 m4.6 m5.7 m7.4 m

Revenue growth, %

(8%)27%25%

Cost of goods sold

2.9 m

Gross profit

4.5 m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Revenue

633.2 k1 m825.7 k1.2 m1.4 m1.1 m1.6 m2 m1.6 m

Cost of goods sold

589 k

Gross profit

1 m

Gross profit Margin, %

64%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

3.5 m9.2 m5.4 m3.3 m9.3 m

Accounts Receivable

770.4 k468.9 k1.2 m865.9 k949.4 k

Inventories

174.9 k29.2 k97.2 k1.8 m2.3 m

Current Assets

5.9 m11.7 m8.5 m6.1 m12.7 m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Cash

1.9 m6.4 m3.5 m1.9 m3.6 m2 m4.4 m2 m7.5 m

Accounts Receivable

548.8 k605.7 k487.1 k837.4 k1.5 m769.7 k803.5 k1 m910.1 k

Inventories

2.3 m2.1 m2.1 m1.8 m1.6 m1.6 m1.8 m1.8 m2.5 m

Current Assets

4.7 m9.2 m6.3 m4.6 m6.8 m4.7 m7.6 m4.9 m11.1 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(7.1 m)(4.5 m)(8.4 m)(8.1 m)(7.2 m)

Depreciation and Amortization

211.9 k155.7 k116.5 k

Inventories

(64 k)145.7 k(68 k)72.3 k(469.9 k)

Accounts Payable

(695.3 k)1.1 m(436.4 k)178.4 k(512.4 k)
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

(3.6 m)(3.9 m)(3.1 m)(245.4 k)(2 m)(1.8 m)(2.6 m)(1.7 m)(1.6 m)

Depreciation and Amortization

31.6 k

Accounts Payable

1.4 m1.1 m585.2 k640.6 k818 k1.1 m1.5 m1.3 m(500.9 k)

Cash From Operating Activities

(2 m)
USDY, 2018

Financial Leverage

2.6 x
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MRI Interventions Online and Social Media Presence

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MRI Interventions News and Updates

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MRI Interventions Company Life and Culture

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