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iRadimed (NASDAQ:IRMD) Stock, Option Chain

iRadimed

iRadimed Corp develops, manufactures, markets and distributes a Magnetic Resonance Imaging (MRI) compatible intravenous (IV) infusion pump system, and MRI compatible patient vital signs monitoring system, and accessories and services relating to them. The company provides a non-magnetic IV infusion pump system which is designed to be safe for use during MRI procedures. The MRI products of the company are sold to hospitals and acute care facilities in the United States and internationally. It generates majority revenue from United States.

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The healthcare technology sector is undergoing a transformation, with companies leveraging AI, telemedicine, and digital platforms to innovate the way care is delivered. As demand for more efficient and patient-centric solutions grows, several public companies have emerged as leaders in this space. 

1. Teladoc Health

Market Cap: $1.4 Billion

Future Forward: 7 Groundbreaking Healthcare Technology Companies Poised To Disrupt the Industry By 2025

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The Nasdaq 100 closed lower by more than 50 points on Thursday. Investors, meanwhile, focused on some notable insider trades.

Caleres, Cloudflare And 2 Other Stocks Insiders Are Selling

Health Care

General

Iradimed Notifies Potential Issue With Certain Syringe Adapter Sets During Use

iRadimed Corp

Guidance

IRADIMED Reports Prelim. Q4 Revenue $19.2M-$19.4M, Prelim. FY24 Revenue $73.1M-$73.3M

On December 3, a recent SEC filing unveiled that John Glenn, Chief Financial Officer at iRadimed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRMD#NASDAQ">IRMD</a>) made an insider sell.
What Happened: Glenn's recent move involves selling 2,500 shares of iRadimed. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001325618/000141588924028036//Archives/edgar/data/1325618/000141588924028036/0001415889-24-028036-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The total value is $135,449.
iRadimed's shares are actively trading at $53.84, experiencing a down of 0.0% during Tuesday's morning session.
<h3>All You Need to Know About iRadimed</h3>
iRadimed Corp develops, manufactures, markets and distributes a Magnetic Resonance Imaging (MRI) compatible intravenous (IV) infusion pump system, and MRI compatible patient vital signs monitoring system, and accessories and services relating to them. The company provides a non-magnetic IV infusion pump system which is designed to be safe for use during MRI procedures. The MRI products of the company are sold to hospitals and acute care facilities in the United States and internationally. It generates majority revenue from United States.
<h3>Financial Insights: iRadimed</h3>
Positive Revenue Trend: Examining iRadimed's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 11.04% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Health Care sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: With a high gross margin of 77.44%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): iRadimed's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.4.
</li>
</ul>
Debt Management: iRadimed's debt-to-equity ratio is below the industry average. With a ratio of 0.0, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: iRadimed's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 36.87.
</li>
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Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 9.63, iRadimed's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 28.48, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Delving Into the Significance of Insider Transactions</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Cracking Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001325618">Check Out The Full List Of iRadimed's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

iRadimed Chief Financial Officer Sold $135K In Company Stock

For the full year of 2024, the Company expects to report revenue of&nbsp;$72.7 million&nbsp;to&nbsp;$73.1 million, GAAP diluted earnings per share of&nbsp;$1.49&nbsp;to&nbsp;$1.52, and Non-GAAP diluted earnings per share of&nbsp;$1.64&nbsp;to&nbsp;$1.67.

IRadimed Raised FY24 Adj EPS To $1.64 -$1.67 From $1.52 -$1.62 (Vs $1.56 Est.); Revenue To $72.7M-$73.1M From $$72M-$74M Vs $72.62M Est.

IRadimed Sees Q4 EPS $0.42-$0.45 Vs $0.39 Est.; Revenue $18.8M-$19.2M Vs $18.098M Est

iRadimed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRMD#NASDAQ">IRMD</a>) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.39 by 10.26 percent. The company reported quarterly sales of $18.326 million which beat the analyst consensus estimate of $18.098 million by 1.26 percent. This is a 11.04 percent increase over sales of $16.505 million the same period last year.

Earnings

Earnings Beats

iRadimed Q3 2024 Adj. EPS $0.43 Beats $0.39 Estimate, Sales $18.326M Beat $18.098M Estimate

The healthcare technology sector is undergoing a transformation, with companies leveraging AI, telemedicine, and digital platforms to innovate the way care is delivered. As demand for more efficient and patient-centric solutions grows, several public companies have emerged as leaders in this space.&nbsp;
<h3>1. Teladoc Health</h3>
Market Cap: $1.4 Billion
Focus Area: Telehealth&nbsp;
Teladoc Health (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdoc#NYSE">TDOC</a>) is a household name in telemedicine and virtual care, offering services in over 175 countries. As one of the pioneers of telehealth, Teladoc has continuously innovated its sm&nbsp; &nbsp; ervices, making healthcare more accessible and convenient. Its acquisition of Livongo, a leader in managing chronic conditions through AI and digital tools, has expanded its capabilities to cover a wide range of health conditions, from diabetes to hypertension.
What Teladoc does best is delivering a seamless virtual care experience across multiple specialties. The company also excels at integrating behavioral health services, allowing patients to receive both physical and mental healthcare from the comfort of their homes. Teladoc&rsquo;s robust data analytics and AI capabilities offer personalized treatment plans, making it one of the most comprehensive telehealth platforms available. With the global demand for virtual healthcare services on the rise, Teladoc&rsquo;s long-term growth prospects are strong.
<h3>2. WELL Health Technologies</h3>
Market Cap: $1.1 Billion
Focus Area: Digital Health Solutions&nbsp;
WELL Health Technologies (TSX: WELL) has become a key player in North America&#39;s digital healthcare market. Known for its extensive acquisition strategy, WELL has rapidly expanded its network of clinics and digital healthcare platforms. What sets WELL apart is its ability to integrate physical and virtual care through telemedicine, while also providing digital health solutions to clinics across Canada and the U.S.&nbsp;
WELL&#39;s partnership with Healwell AI is one of its most recent innovations, using AI to enhance clinical workflows, improve diagnosis accuracy, and optimize patient outcomes. This integration of AI into routine care is positioning WELL as a leader in AI-driven healthcare. Its platform also powers Wisp, a digital health solution that focuses on sexual and reproductive health, catering to underserved demographics, which further diversifies WELL&#39;s service offerings. As digital healthcare adoption increases, WELL&rsquo;s growth trajectory looks promising.
<h3>3. Omnicell</h3>
Market Cap: $1.9 Billion
Focus Area: Automation and analytics
Omnicell (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/omcl#NASDAQ">OMCL</a>) is a leader in automated medication management solutions, offering a range of products that streamline pharmacy operations and enhance medication adherence. Its offerings include advanced robotics, software solutions, and AI-powered analytics aimed at improving the accuracy and efficiency of drug dispensing in hospitals and clinics.
What Omnicell excels at is its ability to integrate automation with real-time data analytics. The company&rsquo;s solutions help healthcare providers reduce medication errors, optimize inventory management, and ensure regulatory compliance, ultimately improving patient safety. Omnicell&rsquo;s recent shift toward cloud-based, subscription-driven software services is expected to fuel recurring revenue growth, making it an attractive long-term investment. With automation playing a critical role in the future of healthcare, Omnicell is well-positioned to thrive.
<h3>4. IRadimed Corporation&nbsp;</h3>
Market Cap: $700 Million
Focus Area: MRI-Compatible Devices
IRadimed (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/irmd#NASDAQ">IRMD</a>) is pioneering in the MRI-compatible medical device space, addressing the safety challenges posed by traditional equipment in MRI environments. Their MRI-compatible infusion pumps and patient monitoring systems are designed to function safely without causing electromagnetic interference. This focus on MRI-specific safety is a niche yet crucial aspect of patient care, as it allows for uninterrupted and safer patient management during MRI procedures.
With increased utilization of MRI procedures in diagnostics, IRadimed&rsquo;s specialized products are seeing growing demand. The company is expanding its product lineup and entering new geographic markets, which positions it for sustained growth. IRadimed&rsquo;s focus on high-margin, niche products gives it a competitive advantage, contributing to steady revenue growth and profitability.
<h3>5. Evolent Health Inc.</h3>
Market Cap: $1.3 Billion
Focus Area: Value-Based Care
Evolent Health (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/evh#NYSE">EVH</a>) specializes in helping healthcare providers transition to value-based care models, which prioritize patient outcomes over service volume. By offering integrated clinical and administrative services, Evolent enables providers to focus on patient care while optimizing operational efficiencies. Their unique approach is centered on a data-driven platform called Identifi, which uses predictive analytics to guide care decisions and minimize costly interventions.
With the shift in the U.S. healthcare system towards value-based models, Evolent has positioned itself as a leader in this space. As more healthcare systems adopt this model, Evolent&rsquo;s solutions are likely to be in high demand. The company has been expanding through strategic partnerships and acquisitions, projecting steady revenue growth in the coming years.
<h3>6. CareDx, Inc.</h3>
Market Cap: $520 Million
Focus Area: Transplant Diagnostics
CareDx (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdna#NASDAQ">CDNA</a>) specializes in providing precision diagnostics for transplant patients, focusing on improving graft survival rates. Their flagship product, AlloSure, is a non-invasive blood test that monitors donor-derived cell-free DNA, enabling early detection of organ rejection. By leveraging genomics and data analytics, CareDx offers a personalized approach that minimizes the need for biopsies and improves patient outcomes.
CareDx is positioned for growth as demand for non-invasive diagnostic solutions rises, particularly in the transplant community. The company is continually enhancing its testing solutions and expanding its presence in international markets. Although competition is intensifying, CareDx&rsquo;s innovative pipeline and established reputation should support long-term growth.
<h3>7. Tactile Systems Technology, Inc.</h3>
Market Cap: $450 Million
Focus Area: Chronic Disease Management
Tactile Medical (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcmd#NASDAQ">TCMD</a>) is addressing the problem of lymphedema and chronic swelling conditions, which often go underdiagnosed and undertreated. Their flagship product, the Flexitouch System, is a pneumatic compression device designed for at-home use, giving patients a non-invasive option for managing their symptoms. The company&#39;s focus on patient education and therapy adherence further differentiates it from competitors.
Tactile Medical has a robust market opportunity, given the growing prevalence of chronic diseases and the increased emphasis on at-home healthcare solutions. Despite recent headwinds due to reimbursement challenges, the company is expanding its product portfolio and expects growth as new regulatory changes potentially improve reimbursement rates.
<h4>Conclusion:</h4>
the healthcare technology sector is experiencing significant transformation driven by advancements in AI, telemedicine, and digital solutions. These innovations are reshaping how care is delivered, making it more efficient and patient-centric. As the demand for enhanced healthcare experiences grows, the industry is poised to improve outcomes and accessibility. Looking toward 2025, the ongoing evolution in this field will be critical in addressing the challenges facing healthcare systems worldwide.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Roth MKM analyst Jason Wittes maintains iRadimed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRMD#NASDAQ">IRMD</a>) with a Buy and lowers the price target from $65 to $60.

Price Target

Analyst Ratings

Roth MKM Maintains Buy on iRadimed, Lowers Price Target to $60

"Looking ahead to the year's second half, we are confident in maintaining our strong financial performance. For the third quarter of 2024, we anticipate revenue of $18.0 million to $18.2 million, GAAP diluted earnings per share of $0.34 to $0.37, and non-GAAP diluted earnings per share of $0.38 to $0.41. We reiterate our guidance for the year, expecting to report revenue of $72.0 million to $74.0 million, GAAP diluted earnings per share of $1.37 to $1.47, and non-GAAP diluted earnings per share of $1.52 to $1.62," added Mr. Susi.&nbsp;

IRadimed Sees Q3 EPS $0.38-$0.41 Vs $0.37 Est.; Revenue $18M-$18.2M Vs $17.7M Est. Reiterates FY24 EPS Of $1.52-$1.62 Vs $1.53 Est.; Revenue $72M-$74M Vs $72.29M Est.

iRadimed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRMD#NASDAQ">IRMD</a>) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.36 by 16.67 percent. The company reported quarterly sales of $17.929 million which beat the analyst consensus estimate of $17.649 million by 1.59 percent. This is a 11.15 percent increase over sales of $16.130 million the same period last year.

iRadimed Q2 2024 Adj. EPS $0.42 Beats $0.36 Estimate, Sales $17.929M Beat $17.649M Estimate

IRADIMED CORPORATION ("Iradimed") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRMD#NASDAQ">IRMD</a>), a leading provider of innovative magnetic resonance imaging (MRI) compatible medical devices, announced today its common stock will uplist and commence trading on the Nasdaq Global Market, effective June 14, 2024, and will continue under the ticker symbol "IRMD." Stockholders are not required to take any action due to the uplisting.

IRadimed Announces Uplisting To The Nasdaq Global Market, Effective June 14, 2024

Biotech

IRADIMED Expects Q2 Adjusted EPS Of $1.52-$1.62 Versus Consensus Of $1.38

IRADIMED Expects 2024 Revenues Of $72M-$74M Versus Consensus Of $72.56M

IRADIMED Expects Q2 Adjusted EPS Of $0.36 to $0.39 Versus Consensus Of $0.35

IRADIMED Expects Q2 Revenues Of $17.6M-$17.8M Versus Consensus Of $17.88M

iRadimed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRMD#NASDAQ">IRMD</a>) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.34 by 5.88 percent. This is a 20 percent increase over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $17.598 million which beat the analyst consensus estimate of $17.130 million by 2.73 percent. This is a 13.72 percent increase over sales of $15.475 million the same period last year.

iRadimed Q1 2024 Adj EPS $0.36 Beats $0.34 Estimate, Sales $17.598M Beat $17.130M Estimate

Roth MKM analyst Jason Wittes reinstates iRadimed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRMD#NASDAQ">IRMD</a>) with a Buy and announces $65 price target.

Initiation

Roth MKM Reinstates Buy on iRadimed, Announces $65 Price Target

Offerings

Iradimed Corp Files For Offering Of Common Stock Of Up To $75M

IRadimed Forecasts FY24 Revenue of $72M-$74M, With Adjusted EPS Of $1.52-$1.62 Compared To Consensus Of $71.50M And $1.48, Respectively

IRadimed Forecasts Q1 FY24 Revenue of $17M-$17.3M, With Adjusted EPS Of $0.33-$0.35 Compared To Consensus Of $16.50M And $0.32, Respectively

iRadimed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRMD#NASDAQ">IRMD</a>) reported quarterly earnings of $0.39 per share which missed the analyst consensus estimate of $0.40 by 2.5 percent. This is a 21.88 percent increase over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $17.45 million which beat the analyst consensus estimate of $17.33 million by 0.70 percent. This is a 17.42 percent increase over sales of $14.86 million the same period last year.

iRadimed Q4 Adjusted EPS $0.39 Misses $0.40 Estimate, Sales $17.45M Beat $17.33M Estimate

Press Releases

IRADIMED CORPORATION to Hold 2024 Second Quarter Financial Results Conference Call on August 1st

Dividends

IRADIMED CORPORATION Announces Second Quarter of 2024 Financial Results and the Declaration of its Regular Quarterly Cash Dividend of $0.15 Per Share

IRADIMED CORPORATION To Participate in the Lake St. Annual Best Ideas Growth "Big 8" Investor Conference

IRADIMED CORPORATION to Participate in the 3rd Annual ROTH Healthcare Opportunities Conference

IRADIMED CORPORATION to Hold 2024 Third Quarter Financial Results Conference Call on October 31st

IRADIMED CORPORATION Announces Third Quarter of 2024 Financial Results and the Declaration of its Regular Quarterly Cash Dividend of $0.15 Per Share

IRADIMED CORPORATION Named to Fortune's 100 Fastest Growing Companies List for 2024

IRADIMED CORPORATION on Forbes' List of America's Most Successful Small-Cap Companies for 2025

IRADIMED CORPORATION to Present at the 43rd Annual J.P. Morgan Healthcare Conference

IRADIMED CORPORATION Reports Preliminary Unaudited Record Fourth Quarter and Full-Year 2024 Revenues

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