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This includes 34% year-over-year growth in product sales and 13% year-over-year growth in service sales. Our detection business was up 28% as compared to Q1 of last year.
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We achieved year-over-year growth in both product and service revenue and in both segments of our business, detection and therapy. I'd like to highlight the balance in our strong Q1 performance. iCAD's first quarter total revenue of $8.6 million represented a 32% increase over our first quarter 2020. I'd like to begin today by highlighting a few key financial metrics with a particular focus on iCAD's top line revenue momentum. Thank you, Jeremy, and good afternoon, everyone. Alternatively, email editorial-team (at) Klein - Chairman and Chief Executive Officer Have feedback on this article? Concerned about the content? Get in touch with us directly. Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. This article by Simply Wall St is general in nature.
NASDAQ ICAD FULL
This may not be consistent with full year annual report figures. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated.
NASDAQ ICAD FREE
Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. For example, we've discovered 1 warning sign for iCAD that you should be aware of before investing here.īut ultimately it is the future, not the past, that will determine how well the owners of this business will do. But to understand iCAD better, we need to consider many other factors.
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It's always worth thinking about the different groups who own shares in a company. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. With a 36% ownership, the general public have some degree of sway over iCAD.
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But it might be worth checking if those insiders have been selling. Some would say this shows alignment of interests between shareholders and the board. As individuals, the insiders collectively own US$44m worth of the US$438m company. Our most recent data indicates that insiders own some shares in iCAD, Inc. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. I generally consider insider ownership to be a good thing. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Management ultimately answers to the board. Our data reflects individual insiders, capturing board members at the very least. The definition of company insiders can be subjective and does vary between jurisdictions. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. After doing some more digging, we found that the top 23 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company.