Revenue Update on Iradimed Corp(NASDAQ:IRMD)

Iradimed Corp(NASDAQ:IRMD) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 6, 2017. Company reported revenue of $5.990M. Analysts estimated a revenue of $6.090M. The revenues were -1.64% below the estimates. Earnings per share were $0.11. The reported EPS was above estimates by 175%. Analysts had estimated an EPS of $0.04.

Iradimed Corp (IRMD) shares turned negative on Tuesdays trading session with the shares closing down -0.25 points or -2.86% at a volume of 1,34,351. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.85. The peak price level was also seen at $8.85 while the days lowest was $8.4. Finally the shares closed at $8.5. The 52-week high of the shares is $22.53 while the 52-week low is $8.4. According to the latest information available, the market cap of the company is $91 M.

Several Insider Transactions has been reported to the SEC. On Dec 1, 2016, Roger E. Susi (CEO) purchased 5,000 shares at $11.24 per share price.Also, On Sep 2, 2016, Louis S. Waldman (Controller) sold 23,162 shares at $19.00 per share price.On Aug 16, 2016, Steven M. Nardi (VP of Manufacturing) sold 2,096 shares at $17.17 per share price, according to the Form-4 filing with the securities and exchange commission.

IRADIMED CORPORATION (IRADIMED) develops manufactures markets and distributes Magnetic Resonance Imaging (MRI) compatible products and provides non-magnetic intravenous (IV) infusion pump systems. The Company’s electromechanical medical devices and pumps contain magnetic and electronic parts which generate radio frequency (RF) noise create interference and are dangerous to operate in the presence of the magnet which drives an MRI. The Company’s MRidium 3860+ MRI compatible IV infusion pump system consists of non-ferrous parts ceramic ultrasonic motors non-magnetic mobile stands and other special features to deliver anesthesia and other IV fluids during various MRI procedures. As of December 31 2014 the Company had approximately 2300 MRI compatible IV infusion pump systems installed globally. Each system consists of an MRidium MRI compatible IV infusion pump mobile stand and disposable IV tubing sets.

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