iRadimed reports Q1 adjusted EPS 36c vs. 30c last year

Reports Q1 revenue $17.6M vs. $15.5M last year. “I am delighted to announce the results of another record quarter, which marks our highest-ever revenue and eleventh consecutive quarter of record revenues. This growth was primarily driven by the continued expansion of our monitoring product line and record disposable and service revenue. Additionally, the vitality of our pump business remains positive, as pump orders booked in the first quarter of 2024 significantly exceeded our internal projections, resulting in a strong backlog of pump orders expected to be shipped in the second quarter of 2024. Operating margins and operating cash flow generation for the first quarter of 2024 remained in line with our expectations and underscore our steadfast dedication to profitable growth,” said Roger Susi, President and Chief Executive Officer of the Company.