Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
ICAD INC reported the three months ended September 30, 2023 results: revenue between $5.4 million and $5.6 million.
- Period
- the three months ended September 30, 2023
- Revenue
- between $5.4 million and $5.6 million
- Result
- preliminary results
Exact text from the filing
The Company currently expects to report revenue for the three months ended September 30, 2023 of between $5.4 million and $5.6 million.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
ICAD INC completed a disposition involving Elekta Inc. and Nucletron Operations B.V. for approximately $5.76 million dollars (closed 2023-10-22).
- Action
- disposition
- Counterparty
- Elekta Inc. and Nucletron Operations B.V.
- Consideration
- approximately $5.76 million dollars
- Closing
- 2023-10-22
Exact text from the filing
to the Company’s Xoft business lines (the “Business”), including with respect to employees, contracts, intellectual property and inventory, for a cash payment of approximately $5.76 million dollars from the Buyers to the Company payable no later than November 6, 2023, and the assumption of all liabilities relating to the Business (the “Transaction”). This payment is
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ICAD INC entered into Asset Purchase Agreement with Elekta Inc., a Georgia corporation, and Nucletron Operations B.V., a company organized under the laws of the Netherlands valued at approximately $5.76 million dollars (effective 2023-10-22).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Elekta Inc., a Georgia corporation, and Nucletron Operations B.V., a company organized under the laws of the Netherlands
- Value
- approximately $5.76 million dollars
- Effective
- 2023-10-22
Exact text from the filing
On October 22, 2023, iCAD, Inc. (the “Company”), entered into an Asset Purchase Agreement (the “Purchase Agreement”), by and among (i) the Company, Xoft Solutions, LLC, a Delaware limited liability company, and Xoft, Inc., a Delaware corporation, each a wholly owned subsidiary of the Company (collectively with the Company, the “Sellers” and each, a “Seller”), and (ii) Elekta Inc., a Georgia corporation, and Nucletron Operations B.V., a company organized under the laws of the Netherlands (together, “Buyers” and each a “Buyer”), pursuant to which the Company agreed to transfer to the Buyers substantially all of the assets and liabilities primarily related to the Company’s Xoft business lines (the “Business”), including with respect to employees, contracts, intellectual property and inventory, for a cash payment of approximately $5.76 million dollars from the Buyers to the Company
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