Plutux
$86.17
-0.24%
2026-09-02 16:00:01 EDT-$0.21
Healthcare
Medical - Devices
NASDAQ
Active Trading

IRADIMED CORPORATION specializes in the engineering, production, and distribution of medical devices specifically designed for compatibility with magnetic resonance imaging (MRI) environments. ...

Price Action

$86.17
-0.24%-$0.21
High
Low
52W High-19.6%
Rel. vol
Interval
Range6.3h
VolumeSMA5SMA10
IRadimed Corporation is a healthcare technology company focused on a specialized clinical problem: delivering infusion therapy and monitoring patients safely in and around magnetic resonance imaging environments. MRI systems use powerful magnetic fields, which can make conventional pumps, monitors, carts, and accessories unsafe or unusable near the scanner. IRadimed designs ...IRadimed Corporation is a healthcare technology company focused on a specialized clinical problem: delivering infusion therapy and monitoring patients safely in and around magnetic resonance imaging environments. MRI systems use powerful magnetic fields, which can make conventional pumps, monitors, carts, and accessories unsafe or unusable near the scanner. IRadimed designs products around this constraint and positions itself as a dedicated MRI-care company rather than as a broad-based medical-equipment manufacturer. The company's principal product family is the MRidium MRI-compatible intravenous infusion pump system. The system is intended to administer medications and fluids while a patient is undergoing MRI procedures, and it is supported by disposable tubing and administration sets. IRadimed also offers MRI-compatible patient vital-sign monitoring equipment, including solutions for monitoring oxygen saturation and other vital parameters. Complementary products include non-magnetic IV poles, wireless remote displays and controls, side-car pump modules, dose-error-reduction capabilities, and SpO2 sensors. These products are designed to function as an integrated workflow around the MRI suite and to reduce the need for repeated patient transfers or interruptions in therapy. Customers generally include hospitals, acute-care organizations, radiology departments, outpatient imaging centers, and other facilities that perform MRI examinations on medically complex patients. The company uses direct field representatives, regional sales directors, clinical application and support specialists, and independent distributors. Its education and implementation programs are important because MRI-compatible equipment requires appropriate installation, user training, workflow integration, and compliance with facility safety practices. From a manufacturing and cost perspective, the business requires specialized engineering, regulatory compliance, product testing, quality systems, and controlled production of both durable equipment and recurring disposable components. The bill of materials can include non-magnetic materials, electronics, batteries, sensors, pumps, displays, wireless-control components, molded parts, and single-use tubing assemblies. Disposable sets can provide a recurring revenue element, while capital equipment sales may be influenced by hospital budgets, imaging-center expansion, replacement cycles, and scanner installations. The supplied trailing data indicates a relatively strong financial profile, including approximately 75.9% gross margin, 33.9% EBIT margin, 26.7% net margin, no reported debt, and a current ratio of approximately 9.46. It also reports about $1.18 billion in market capitalization and approximately $1.12 billion in enterprise value at the referenced snapshot. The company generated positive operating and free cash flow, although the reported valuation multiples were high relative to sales, earnings, and free cash flow, reflecting investor expectations for a specialized, profitable medical-device franchise. IRadimed was founded or incorporated in the early 1990s according to company and filing references, developed its current MRI-device business in the 2000s, and became publicly traded in 2014. Roger E. Susi is identified as founder, president, and chief executive officer and is also known for founding Invivo Research and pioneering MRI patient-monitoring technology. The company's strategic priorities include maintaining product safety and reliability, expanding its MRI-compatible product portfolio, increasing adoption among hospitals and imaging providers, supporting international distribution, and continuing innovation in MRI patient care.
Founded
1992
Employees
166
CEO
Roger E. Susi
Full Name
IRadimed Corporation
Sector
Healthcare
Industry
Medical - Devices
ROE
23.45%
Market Cap
$1.10B
Current Ratio
9.46
WACC
8.82%
ROIC
21.55%

Contact Information

407 677 8022
1025 Willa Springs Drive, Orlando, FL 32826

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