iRadimed reports Q4 adjusted EPS 39c, consensus 40c

Reports Q4 revenue $17.45M, consensus $17.33M. “It was a banner year for Iradimed, capped by our fourth quarter execution and finishing the year with record revenues driven by robust growth in our IV infusion pump product and continued strength of our monitoring business. Our exceptional operating margins and strong operating cash flow generation for the quarter and the year illustrate our commitment to driving profitable growth. I want to express my gratitude to our team whose dedication and hard work have made this possible; I am confident that our collective efforts will drive even greater success in the future, as expressed by our initiation of a quarterly dividend in 2024,” said Roger Susi, President and Chief Executive Officer of the Company. “As for our guidance for the full year 2024, we expect 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. For the first quarter of 2024 financial guidance, we expect revenue of $17.0 million to $17.3 million, and GAAP diluted earnings per share to $0.29 to $0.31, and non-GAAP diluted earnings per share to $0.33 to $0.35” added Susi.