IRADIMED (IRMD) Q4 Earnings Surpass Estimates, Margins Up
Zacks Investment Research | Feb 10, 2019 09:40PM ET
IRADIMED CORPORATION. (NASDAQ:IRMD) reported fourth-quarter 2018 adjusted earnings per share (EPS) of 16 cents, up 60% year over year. This figure surpassed the Zacks Consensus Estimate by 23.1%. The reported EPS was 14 cents, as compared with the year-ago figure of 2 cents.
For the full year, adjusted EPS came in at 54 cents, marking a remarkable rise from 22 cents a year ago.
Revenue details
In the fourth quarter of 2018, revenues totaled $8.3 million, up 24.5% year over year. This figure, however, missed the Zacks Consensus Estimate by 10.7%. For the full year, the company registered revenues of $30.4 million, up 31.6% from the year-ago period.
Geographical and segmental details
IRADIMED registered international revenues of $1.6 million for the fourth quarter, up 14.3% year over year. Domestic revenues came in at $6.7 million, reflecting a rise of 26.4%.
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