Record-Breaking Revenue
For the first quarter of 2025, IRADIMED Corporation achieved record revenue of $19.5 million, marking an 11% increase over the same period last year.
Strong Earnings Growth
GAAP diluted earnings per share increased 16% from Q1 of 2024, demonstrating strong profitability for the company.
IV Infusion Pump System Growth
The IV Infusion Pump Systems saw a 16% growth to $6 million, reflecting sustained demand.
Disposables Revenue Surge
Revenue from disposables increased by 23% to $4.9 million, indicative of higher pump utilization.
Domestic Sales Success
Domestic sales accounted for 82% of total revenue in Q1 2025, up from 76% in Q1 of 2024, with domestic revenue increasing by 19% to $16 million.
New Facility Progress
The new facility is nearing completion with an expected full operational start by end of July 2025.
Engagement with FDA
Quick response from the FDA on the 510(k) submission for the 3870 MR IV pump, indicating efficient progress.