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Stock impact report

IRADIMED CORPORATION Withdraws 2020 Financial Guidance Due to Uncertainties from the Effects of COVID-19

iRadimed Corporation (IRMD) 
Last iradimed corporation earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
WINTER SPRINGS, Fla., April 07, 2020 (GLOBE NEWSWIRE) -- IRADIMED CORPORATION (NASDAQ: IRMD) announced that it expects to report first quarter 2020 revenue of $8.6 million to $8.7 million and is withdrawing its first quarter and full year 2020 financial guidance due to the uncertainty created by COVID-19. “These unprecedented times have resulted in a high degree of uncertainty created by the global impact of COVID-19. Accordingly, we are withdrawing our financial guidance for the first quarter and full year 2020,” said Leslie McDonnell, President and Chief Executive Officer. “We continue to maintain a strong balance sheet and stand ready to support healthcare providers in the fight against COVID-19. As the focus of our customers has turned toward caring for those infected with the virus, we saw an accelerating decline in equipment orders throughout March. We fully expect demand for our equipment to return, however, the magnitude of the COVID-19 impact is highly dependent upon the Show less Read more
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