IRadimed: Q4 Earnings Snapshot

WINTER SPRINGS, Fla. (AP) _ IRadimed Corp. (IRMD) on Thursday reported fourth-quarter earnings of $3.7 million.

On a per-share basis, the Winter Springs, Florida-based company said it had net income of 29 cents. Earnings, adjusted for stock option expense, came to 32 cents per share.

The maker of IV devices that can be used in MRI machines posted revenue of $14.9 million in the period.

For the year, the company reported profit of $12.8 million, or $1.02 per share. Revenue was reported as $53.3 million.

For the current quarter ending in March, iRadimed expects its per-share earnings to range from 26 cents to 28 cents.

The company said it expects revenue in the range of $14.6 million to $14.9 million for the fiscal first quarter.

IRadimed expects full-year earnings in the range of $1.23 to $1.34 per share, with revenue ranging from $61 million to $63 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a IRMD">Zacks stock report on IRMD at https://www.zacks.com/ap/IRMD