IRadimed reports Q1 revenue increase

MRI accessories developer IRadimed has reported revenue and net income increases for its first quarter of 2018 (end-March 31).

The company posted revenue of $7.1 million for the period, up 37% from $5.2 million for the first quarter of 2017. Net income was $800,000, compared with a loss of $200,000 for the same quarter last year.

IRadimed said it expects to report second-quarter revenue of $7.2 million to $7.3 million and full-year 2018 revenue of $29.3 million to $30 million.