iCAD sees ‘2025 to be a pivotal year for SaaS transition’

iCAD (ICAD) reported expanded global reach with new distribution agreements in South Africa, Portugal, and the UK…”We expect 2025 to be a pivotal year for our SaaS transition. While the strategic shift to a recurring revenue model impacts our GAAP revenue in the near term, it is being well-received by our expanding customer base and will significantly enhance our business model over time. Our balance sheet is strong, providing us the financial flexibility to successfully execute this transition while continuing to deliver AI solutions that improve patient outcomes worldwide,” management said…