iRadimed (NASDAQ: IRMD) was featured in a recent Equity Research Report published by ROTH Capital Partners, LLC. The report reads, “IRMD reported 4Q19 revenue/EPS within the range of expectations (after excluding the tax benefit). The key takeaways, in our opinion, include: 1) monitor sales (a key driver) are gaining momentum and are ahead of our targets, 2) international sales gave a boost to 4Q (but hurt margins), 3) 2020 guidance was in-line with our expectations, and 4) the pipeline should contribute in 2H20 with the launch of the FMD magnetic detection device. Maintain Buy rating with $32/share price target.”
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About iRadimed Corp.
iRadimed Corp. is a leader in the development of innovative magnetic resonance imaging (“MRI”) compatible medical devices. It is the only known provider of a non-magnetic intravenous (“IV”) infusion pump system that is specifically designed to be safe for use during MRI procedures. The company was the first to develop an infusion delivery system that largely eliminates many of the dangers and problems present during MRI procedures. Standard infusion pumps contain magnetic and electronic components which can create radio frequency interference and are dangerous to operate in the presence of the powerful magnet that drives an MRI system. Its patented MRidium(R) MRI compatible IV infusion pump system has been designed with a non-magnetic ultrasonic motor, uniquely designed non-ferrous parts and other special features to safely and predictably deliver anesthesia and other IV fluids during various MRI procedures. The company’s pump solution provides a seamless approach that enables accurate, safe and dependable fluid delivery before, during and after an MRI scan, which is important to critically-ill patients who cannot be removed from their vital medications, and children and infants who must generally be sedated to remain immobile during an MRI scan.
The company’s 3880 MRI compatible patient vital signs monitoring system has been designed with non-magnetic components and other special features to safely and accurately monitor a patient’s vital signs during various MRI procedures. The IRADIMED 3880 system operates dependably in magnetic fields up to 30,000 gauss, which means it can operate virtually anywhere in the MRI scanner room. The IRADIMED 3880 has a compact, lightweight design allowing it to travel with the patient from their critical care unit, to the MRI and back, resulting in increased patient safety through uninterrupted vital signs monitoring and decreasing the amount of time critically ill patients are away from critical care units. The features of the IRADIMED 3880 include: wireless ECG with dynamic gradient filtering; wireless SpO2 using Masimo(R) algorithms; non-magnetic respiratory CO2; invasive and non-invasive blood pressure; patient temperature, and; optional advanced multi-gas anesthetic agent unit featuring continuous Minimum Alveolar Concentration measurements. The IRADIMED 3880 MRI compatible patient vital signs monitoring system has an easy-to-use design and allows for the effective communication of patient vital signs information to clinicians. For more information, visit the company’s website at www.iRadimed.com.
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