Shares of iRadimed Corporation (NASDAQ: IRMD), a leader in MRI-compatible medical devices, surged 7.08% in pre-market trading on Monday following the release of its third-quarter 2025 financial results and raised full-year guidance.
The company reported record revenue of $21.2 million for Q3, representing a 16% increase year-over-year and beating analyst expectations of $20.5 million. iRadimed's adjusted earnings per share (EPS) came in at $0.47, up 9% from the same period last year and slightly above the consensus estimate of $0.46.
Investors were particularly encouraged by iRadimed's decision to raise its full-year 2025 guidance. The company now expects revenue between $82.5 million and $83.5 million, up from its previous forecast of $80 million to $82.5 million. Additionally, iRadimed increased its GAAP diluted EPS guidance to a range of $1.68 to $1.72 for the full year.
Roger Susi, President and CEO of iRadimed, highlighted the company's seventeenth consecutive quarter of record revenue and noted that their pump and monitor backlog is at an all-time high. The company also announced it is on track to begin limited commercial shipments of its next-generation 3870 MRI-compatible IV infusion pump in December, with full U.S. commercialization expected in the first quarter of 2026.
The strong quarterly performance, raised guidance, and positive outlook for new product launches appear to be driving investor enthusiasm, resulting in the significant pre-market stock price increase for iRadimed.
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