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    ICAD Inc (ICAD)

    Q4 2024 Earnings Summary

    Reported on Jan 1, 1970
    Pre-Earnings Price$2.50Open (Jan 27, 2025)
    Post-Earnings Price$3.40Last close (Jan 28, 2025)
    Price Change
    $0.90(+36.00%)
    MetricYoY ChangeReason

    Total Revenue (Q3 2023)

    -6.6% (from $4.4M to $4.1M)

    Transition to subscription recognized over time and sales force reduction lowered sales; economic headwinds also impacted results.

    Product Revenue (Q3 2023)

    -13.3% (from $2.5M to $2.2M)

    Subscription transition and competition reduced upfront license sales, resulting in a decline in product revenue.

    Total Revenue (Q3 2024)

    +3.5% (from $4.1M to $4.2M)

    Increased product revenue from the subscription and cloud model more than offset the decline in services.

    Product Revenue (Q3 2024)

    +14.1% (from $2.2M to $2.5M)

    Growing demand for subscription licenses spurred product sales, demonstrating the success of the new revenue model.

    Services Revenue (Q3 2024)

    -8.9% (from $1.9M to $1.7M)

    Customer migration from service contracts to subscription contributed to the services decline.

    Total Revenue (Q4 2024)

    >220% (from $1.58M to $5.1–$5.3M)

    Continued expansion of the subscription model and a strong sales pipeline drove a substantial revenue jump, reflecting broader market recovery.