iCAD Q1 revenue $5.0M (+14% YoY); net loss narrows to ($1.2M) from ($3.1M)

ICAD INC

Total revenue $5.0M, up 14% YoY; product revenue $3.1M (+26%), service revenue flat at $1.85M.
GAAP net loss from continuing ops ($1.2M) or ($0.05)/share, vs ($3.1M) or ($0.12)/share last year.
Non-GAAP adjusted net loss ($1.2M) or ($0.05)/share; gross margin 83% (up 1ppt).
Total ARR $9.0M, up 10% YoY; operating cash flow improved to ($1.2M) from ($1.5M).
CEO highlights start of Phase 3 growth investments: key accounts, new markets, ProFound Cloud.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ICAD INC reported the three months ended March 31, 2024 results: revenue $5.0 million, net income ($1.2) million, EPS ($0.05) per diluted share.

Period: the three months ended March 31, 2024
Revenue: $5.0 million
Net income: ($1.2) million
EPS: ($0.05) per diluted share
Result: reported results

Exact text from the filing

results for the three months ended March 31, 2024. First Quarter 2024 Highlights (Year over Year Performance): ● Total ARR was $9.0 million, up 10% ● Total revenues were $5.0 million, up 14% ● Gross profit margin % was 83%, up from 82% ● GAAP Net loss from continuing operations ($1.2) million, improvement from ($3.1 million) ● Operating cash flow was ($1.2)

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0001437749-24-016748

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.