iRadimed Corporation (IRMD) financial statements (2022 and earlier)

Company profile

Business Address 1025 WILLA SPRINGS DR.
WINTER SPRINGS, FL 32708
State of Incorp.
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments62,50151,97846,25034,37826,34125,67926,970
Cash and cash equivalents62,00050,06943,48228,02818,20617,71419,368
Short-term investments5021,9092,7686,3508,1357,9667,602
Receivables5,1374,5757,2934,2103,7793,7763,864
Inventory, net of allowances, customer advances and progress billings4,3003,9343,6424,0594,2113,8872,383
Inventory4,3003,9343,6424,0594,2113,8872,383
Prepaid expense3,3062,4771,3711,368128152274
Deferred tax assets  312141
Other undisclosed current assets1,001772408527649363318
Total current assets:76,24563,73658,96444,54235,10834,16833,950
Noncurrent Assets
Operating lease, right-of-use asset2,4822,715 
Property, plant and equipment2,0692,1202,0541,8701,8691,456906
Intangible assets, net (including goodwill)1,119961860833886919176
Intangible assets, net (excluding goodwill)1,119961860833886919176
Deferred income tax assets7651,273 
Other noncurrent assets201262232110200174124
Other undisclosed noncurrent assets  4,6191,08995047888
Total noncurrent assets:6,6367,3317,7653,9013,9053,0261,294
TOTAL ASSETS:82,88171,06766,72948,44239,01337,19435,244
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8472,5663,8382,7822,3522,5082,358
Accounts payable7836579947726571,1211,005
Accrued liabilities109908275614134
Employee-related liabilities2,8151,7152,1661,8021,5121,0351,288
Taxes payable14010459713312231131
Deferred revenue2,5531,949 
Deferred revenue and credits1,6181,033537
Contract with customer, liability1,6711,799
Other liabilities146146108108109121 
Other undisclosed current liabilities277256241    
Total current liabilities:6,8234,9175,8594,6904,0783,6622,895
Noncurrent Liabilities
Long-term debt and lease obligation2,2062,459     
Operating lease, liability2,2062,459 
Liabilities, other than long-term debt1,6792,3052,6301,8072,0041,643416
Deferred revenue and credits2,0041,643416
Deferred revenue1,6792,305 
Contract with customer, liability2,6301,807
Other undisclosed noncurrent liabilities  2,715    
Total noncurrent liabilities:3,8854,7655,3451,8072,0041,643416
Total liabilities:10,7089,68211,2046,4976,0825,3053,311
Stockholders' equity
Stockholders' equity attributable to parent72,17461,38555,52441,94632,93131,88931,933
Common stock1111111
Additional paid in capital25,16123,67719,19215,31712,62312,05519,332
Accumulated other comprehensive income (loss)173730(42)(49)(37)(55)
Retained earnings46,99537,66936,30026,66920,35619,87012,655
Total stockholders' equity:72,17461,38555,52441,94632,93131,88931,933
TOTAL LIABILITIES AND EQUITY:82,88171,06766,72948,44239,01337,19435,244

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues41,81531,71738,51730,43923,08232,49731,594
Cost of revenue(9,765)(8,143)(8,816)(7,212)(5,570)(6,155)(5,840)
Gross profit:32,05023,57429,70123,22717,51226,34225,753
Operating expenses(22,232)(24,331)(21,054)(17,224)(16,227)(15,422)(14,240)
Operating income (loss):9,818(756)8,6476,0041,28510,92011,513
Nonoperating income1913939619411133121
Investment income, nonoperating53149400209116126149
Foreign currency transaction loss, before tax(35)(10)(4)(15)(4)(8)(24)
Income (loss) from continuing operations before income taxes:9,836(617)9,0436,1971,39610,95311,635
Income tax expense (benefit)(511)1,986588106(897)(3,738)(4,105)
Net income available to common stockholders, diluted:9,3251,3699,6316,3035007,2157,530

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:9,3251,3699,6316,3035007,2157,530
Other comprehensive income (loss)(20)77317(12)18(34)
Comprehensive income, net of tax, attributable to parent:9,3051,3769,7046,3214887,2337,496

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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