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IRadimed: 4Q Earnings Snapshot

WINTER SPRINGS, Fla. (AP) _ IRadimed Corp. (IRMD) on Wednesday reported fourth-quarter earnings of $1.7 million.

On a per-share basis, the Winter Springs, Florida-based company said it had net income of 14 cents. Earnings, adjusted for stock option expense, were 16 cents per share.

The maker of IV devices that can be used in MRI machines posted revenue of $8.3 million in the period.

For the year, the company reported profit of $6.3 million, or 52 cents per share. Revenue was reported as $30.4 million.

For the current quarter ending in April, iRadimed expects its per-share earnings to range from 12 cents to 13 cents.

The company said it expects revenue in the range of $8.3 million to $8.5 million for the fiscal first quarter.

IRadimed expects full-year earnings in the range of 69 cents to 73 cents per share, with revenue ranging from $38.5 million to $39.5 million.

IRadimed shares have climbed 14 percent since the beginning of the year. The stock has climbed 85 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IRMD at https://www.zacks.com/ap/IRMD