Financial PerformanceRevenue of $4.9M was higher than the $4.5M consensus estimate, gross margin was 310 bps higher than the consensus forecast, and operating expenses were better controlled.
Product ExpansionICAD has entered into new distribution partnerships for ProFound Cloud in South Africa, Portugal, and the UK, and secured regulatory approval in Jordan.
Strategic PartnershipsICAD has a partnership with Google Health for the ProFound Detection for 2D algorithm, indicating collaboration with a major technology company.