---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-016748"
form_type: "8-K"
ticker: null
cik: "0000749660"
company_name: "ICAD INC"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:51:51.181036+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-016748
- form_type: 8-K
- cik: 0000749660
- company_name: ICAD INC
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/749660/000143774924016748/0001437749-24-016748-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/749660/000143774924016748/icad20240430_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-016748
- JSON: https://secwatch.observer/filing/0001437749-24-016748.json
- Plain text: https://secwatch.observer/filing/0001437749-24-016748.txt

## Key facts
- Earnings Releases
  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
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/749660/000143774924016748/0001437749-24-016748-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.