iCAD

iCAD, Inc. is a medical technology company, which engages in the provision of cancer detection and therapy solutions. It operates through the Cancer Detection and Cancer Therapy segments. The Cancer Detection segment includes image analysis and workflow products. The Cancer Therapy segment is composed of radiation therapy products. The company was founded in 1984 and is headquartered in Nashua, NH.

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iCAD implements strategic changes to drive profitability and growth

iCAD is strategically focusing on cost reduction, revenue diversification, and transitioning to a subscription model to drive profitability by 2024. Leveraging partnerships with Google and other organizations, the company aims to expand its market reach and enhance operational efficiency. Despite facing competition and market challenges, iCAD remains optimistic about its growth prospects.

iCAD reports Q1 revenue decline, eyes growth in AI healthcare

iCAD faced revenue decline in Q1 2023, with a focus on detection and therapy segments, while maintaining a strong gross profit margin.
The company's Xoft technology and partnership with Google Health present promising growth opportunities in the AI healthcare space.
Challenges include lower-than-expected Xoft business revenue, competition in AI software, and delays in partnership agreements.

iCAD reports Q2 revenue decline, eyes growth through strategic partnerships

iCAD's Q2 2023 Earnings Call showcased a revenue decline but highlighted progress in the detection segment and strategic partnerships. The company aims for recurring revenue through subscription deals and is focused on cost reductions and stability. Opportunities lie in expanding partnerships and securing growth with healthcare facilities globally.

iCAD reports improved operational metrics and strategic partnerships in Q3 '23

iCAD's Q3 '23 earnings call highlighted operational improvements, strategic partnerships, and a focus on growth initiatives. Despite a revenue decline and operating loss, the company has made progress in reducing EBITDA loss and cash burn. iCAD's financial position remains stable with sufficient resources for planned operations.

iCAD reports improved financials and strategic growth initiatives for 2024

iCAD's financial performance showed improvements in revenue, EBITDA loss, and operational efficiency, driven by strategic initiatives.
The company's focus on AI solutions, geographic expansion, and recurring revenue model positions it for future growth.
While facing challenges in market adoption and OpEx increases, iCAD has opportunities to capitalize on market growth and new product developments.

iCAD reports revenue growth and strategic expansion in Q1 2024

iCAD's Q1 2024 performance reflects positive momentum with revenue growth, improved profitability metrics, and strategic advancements
The company's focus on innovation, market expansion, and cost control positions them well for future growth and market leadership
While challenges like revenue seasonality and competitive pressures exist, iCAD's strengths in product development and global expansion offer opportunities for sustained growth
Overall, iCAD's Q1 2024 earnings call underscores a promising outlook with a strong foundation for continued success in the medical technology sector

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iCAD, Inc. is a global medical technology company, which engages in the provision of cancer detection and therapy solutions. It operates through the Cancer Detection and Cancer Therapy segments. The Cancer Detection segment includes image analysis and workflow products. The Cancer Therapy segment relates to radiation therapy products. The company was founded in 1984 and is headquartered in Nashua, NH.

NASHUA, N.H., Nov. 28, 2023 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD), a global medical technology leader in innovative cancer-detection solutions, today announced that key artificial intelligence (AI) powered solutions from iCAD's ProFound Breast Health Suite are the first applications to be offered in GE HealthCare's new MyBreastAI Suite* offering.

iCAD's AI-powered solutions to Help Accelerate Breast Cancer Detection in New Collaboration with GE Healthcare

New research presented at Radiological Society of North America annual meeting confirms ability of ProFound Breast Health Suite to predict a woman's one to two-year risk for breast cancer iCAD unveils new solution that assesses calcium deposits in the breast arteries as a proxy for hidden cardiovascular disease, the leading cause of death for women in the U.S. Dr. Emily Conant, Perelman School of Medicine, University of Pennsylvania, to present how iCAD's 4 th generation Breast AI is harnessing innovations to improve patient outcomes NASHUA, N.H., Nov. 27, 2023 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD), a global medical technology leader in innovative cancer-detection solutions, will present new studies validating its artificial intelligence (AI) powered ProFound Breast Health Suite for uncovering hidden heart or vascular disease and predicting a woman's risk for developing breast cancer in the next one- or two-years.

iCAD's ProFound AI Can Predict 1-2 Year Risk for Breast Cancer and Reveal Insights for Heart Disease

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NASHUA, N.H., Nov. 14, 2023 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD) a global leader on a mission to create a world where cancer can't hide by providing clinically proven AI-powered breast health solutions, today announced that Dana Brown, President and Chief Executive Officer and Eric Lonnqvist, Chief Financial Officer, will participate at the 14th Annual Craig-Hallum Alpha Select Conference on Thursday, November 16th. The conference will be held at the Sheraton New York Times Square in New York City.

iCAD to Participate in the 14th Annual Craig-Hallum Alpha Select Conference

Vodacom Group Limited (OTCPK:VODAF) Q3 2023 Earnings Conference Call November 14, 2023 4:30 PM ET Company Participants Leonor Faber - Assistant to Chief Executive Officer Dana Brown - President & Chief Executive Officer Eric Lonnqvist - Chief Financial Officer Conference Call Participants Per Ostlund - Craig-Hallum Capital Operator Good day, everyone and welcome to the iCAD, Inc. Third Quarter 2023 Earnings Call. At this time, all participants have been placed in a listen-only mode and we will open the floor for your questions and comments after the presentation.

iCAD, Inc. (ICAD) Q3 2023 Earnings Call Transcript

NASHUA, N.H., Nov. 13, 2023 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD) a global leader on a mission to create a world where cancer can't hide by providing clinically proven AI-powered breast health solutions, today reported its financial and operating results for the three and nine months ended September 30, 2023.

iCAD Reports Financial Results for Third Quarter Ended September 30, 2023

NASHUA, N.H., Oct. 30, 2023 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD) is a global leader on a mission to create a world where cancer can't hide by providing clinically proven AI-powered breast health solutions, today announced that it will release financial results for the third quarter ended September 30, 2023, after the market close, and host a conference call at 4:30 PM Eastern Time on Monday, November 13, 2023.

iCAD to Report Third Quarter 2023 Financial Results on November 13, 2023

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Xoft's eBx System can now be offered to more clinics and cancer patients world-wide through Elekta's extensive sales channels Xoft's eBx System can now be offered to more clinics and cancer patients world-wide through Elekta's extensive sales channels

iCAD, Inc. Announces Sale of Xoft, its Brachytherapy Business Line, to Elekta

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NASHUA, N.H., Aug. 16, 2023 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD), a global medical technology leader providing innovative cancer detection and therapy solutions, today announced Health Canada has issued a device license for ProFound Risk version 2.0, the latest version of iCAD's personalized 1-2 year breast cancer risk assessment solution.

Health Canada Grants Device License for iCAD's ProFound Risk 2.0, Revolutionizing Breast Cancer Risk Via a 1-2 Year Assessment

iCAD, Inc. (NASDAQ:ICAD ) Q2 2023 Earnings Conference Call August 14, 2023 4:30 PM ET Company Participants Jessica Burns – Head-Global Communications Dana Brown – President and Chief Executive Officer Eric Lonnqvist – Chief Financial Officer Conference Call Participants Per Ostlund – Craig-Hallum Capital Sam Eiber – BTIG Yale Jen – Laidlaw & Company Frank Takkinen – Lake Street Capital Operator Greetings. Welcome to the iCAD Inc. Second Quarter 2023 Earnings Call.

iCAD, Inc. (ICAD) Q2 2023 Earnings Call Transcript

NASHUA, N.H., Aug. 14, 2023 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD), a global medical technology leader providing innovative cancer detection and therapy solutions, today reported its financial and operating results for the three and six months ended June 30, 2023.

iCAD Reports Financial Results for Second Quarter Ended June 30, 2023

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NASHUA, N.H., July 31, 2023 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD), a global medical technology leader providing innovative cancer detection and therapy solutions, today announced it will release financial results for the second quarter of 2023 and host a conference call at 4:30 PM ET on Monday, August 14, 2023.

iCAD to Report Second Quarter 2023 Financial Results on August 14, 2023

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Agreement positions iCAD as Radiology Partners' breast AI provider, expanding potential for iCAD's technology to reach millions of women in the U.S. Agreement positions iCAD as Radiology Partners' breast AI provider, expanding potential for iCAD's technology to reach millions of women in the U.S.

iCAD Signs Strategic Commercial Agreement with Radiology Partners, the Nation's Largest Radiology Practice

Cleveland Clinic breast radiologist, Laura Dean, MD, to discuss how iCAD's Breast AI Suite helps her detect the breast cancers radiologists fear most Cleveland Clinic breast radiologist, Laura Dean, MD, to discuss how iCAD's Breast AI Suite helps her detect the breast cancers radiologists fear most

iCAD's “ProFound Insights, ProFound Impact” Webinar Series to Feature Cleveland Clinic

Company's ROI Tool offers preview of business value the ProFound Breast AI Suite offers to clinicians and imaging facilities Company's ROI Tool offers preview of business value the ProFound Breast AI Suite offers to clinicians and imaging facilities

iCAD Offers ROI Analysis Based on Real-World Results from its ProFound Breast AI Suite at AHRA Annual Meeting

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Company presented portfolio of breast cancer detection, density assessment and risk evaluation solutions at the competition, focused on improving health outcomes Company presented portfolio of breast cancer detection, density assessment and risk evaluation solutions at the competition, focused on improving health outcomes

iCAD's ProFound AI Breast Suite Wins U.S. General Services Administration's AI Healthcare Challenge Award

iCAD, Inc. (NASDAQ:ICAD ) Q1 2023 Earnings Conference Call May 15, 2023 4:30 PM ET Company Participants Linnell Faber - Executive Assistant to CEO Dana Brown - President and CEO Eric Lonnqvist - CFO Conference Call Participants Per Ostlund - Craig Hallum Marie Thibault - BTIG Yale Jen - Laidlaw & Company Frank Takkinen - Lake Street Capital Markets Francois Brisebois - Oppenheimer Operator Good day, everyone, and welcome to the iCAD, Inc. First Quarter 2023 Earnings Call. At this time all participants have been placed on a listen-only mode and we will open the floor for your questions and comments after the presentation.

News for iCAD Stock (ICAD)