iRadimed Corporation's stock plummeted 7.77% during intraday trading on Friday, a sharp decline following the release of the company's first-quarter financial results.
The medical device maker reported Q1 non-GAAP earnings of $0.49 per share, beating analyst estimates of $0.45, while revenue of $22 million also exceeded expectations. However, the company's guidance for the second quarter appears to have disappointed investors. iRadimed expects Q2 revenue in the range of $20 million to $21 million, which suggests a potential sequential decline from the strong Q1 figure.
While the company reaffirmed its full-year 2026 outlook and highlighted strong early order activity for its newly launched next-generation MRI-compatible IV infusion pump, the market's reaction indicates concerns over the near-term revenue trajectory and the pace of the new product's contribution to growth.
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