iCAD (ICAD) Revenue & Revenue Breakdown

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iCAD Revenue Highlights

Latest Revenue (Y)

$17.32M

Latest Revenue (Q)

$4.95M

Main Segment (Y)

Product

Main Geography (Y)

Non-US

iCAD Revenue by Period

iCAD Revenue by Year

Date	Revenue	Change
2023-12-31	$17.32M	-38.03%
2022-12-31	$27.94M	-16.93%
2021-12-31	$33.64M	13.27%
2020-12-31	$29.70M	-5.24%
2019-12-31	$31.34M	22.32%
2018-12-31	$25.62M	-8.83%
2017-12-31	$28.10M	6.70%
2016-12-31	$26.34M	-36.62%
2015-12-31	$41.55M	-5.40%
2014-12-31	$43.92M	32.83%
2013-12-31	$33.07M	16.95%
2012-12-31	$28.27M	-1.32%
2011-12-31	$28.65M	16.59%
2010-12-31	$24.58M	-12.57%
2009-12-31	$28.11M	-25.03%
2008-12-31	$37.49M	40.88%
2007-12-31	$26.61M	34.94%
2006-12-31	$19.72M	-0.25%
2005-12-31	$19.77M	-15.18%
2004-12-31	$23.31M	257.47%
2003-12-31	$6.52M	30.40%
2002-12-31	$5.00M	3.41%
2001-12-31	$4.84M	-37.96%
2000-12-31	$7.79M	16.32%
1999-12-31	$6.70M	26.42%
1998-12-31	$5.30M	-32.91%
1997-12-31	$7.90M	-30.09%
1996-12-31	$11.30M	-45.15%
1995-12-31	$20.60M	-15.57%
1994-12-31	$24.40M	18.45%
1993-12-31	$20.60M	-

iCAD generated $17.32M in revenue during NA 2023, up -38.03% compared to the previous quarter, and up 67.59% compared to the same period a year ago.

iCAD Revenue by Quarter

Date	Revenue	Change
2024-03-31	$4.95M	4.49%
2023-12-31	$4.74M	16.40%
2023-09-30	$4.07M	-30.55%
2023-06-30	$5.87M	1.51%
2023-03-31	$5.78M	-10.96%
2022-12-31	$6.49M	2.09%
2022-09-30	$6.36M	-16.09%
2022-06-30	$7.58M	0.69%
2022-03-31	$7.52M	-3.65%
2021-12-31	$7.81M	-16.59%
2021-09-30	$9.36M	19.61%
2021-06-30	$7.83M	-9.46%
2021-03-31	$8.64M	-17.29%
2020-12-31	$10.45M	46.60%
2020-09-30	$7.13M	28.06%
2020-06-30	$5.57M	-15.02%
2020-03-31	$6.55M	-30.17%
2019-12-31	$9.38M	19.40%
2019-09-30	$7.86M	7.20%
2019-06-30	$7.33M	8.21%
2019-03-31	$6.77M	-2.60%
2018-12-31	$6.95M	12.31%
2018-09-30	$6.19M	0.49%
2018-06-30	$6.16M	-2.39%
2018-03-31	$6.31M	-20.11%
2017-12-31	$7.90M	12.89%
2017-09-30	$7.00M	9.22%
2017-06-30	$6.41M	-5.63%
2017-03-31	$6.79M	-1.98%
2016-12-31	$6.93M	15.41%
2016-09-30	$6.00M	-18.54%
2016-06-30	$7.37M	22.04%
2016-03-31	$6.04M	-20.65%
2015-12-31	$7.61M	-20.59%
2015-09-30	$9.58M	-14.01%
2015-06-30	$11.14M	-15.71%
2015-03-31	$13.22M	0.42%
2014-12-31	$13.16M	4.72%
2014-09-30	$12.57M	30.05%
2014-06-30	$9.67M	13.46%
2014-03-31	$8.52M	-6.73%
2013-12-31	$9.13M	10.19%
2013-09-30	$8.29M	7.49%
2013-06-30	$7.71M	-2.75%
2013-03-31	$7.93M	1.43%
2012-12-31	$7.82M	-4.46%
2012-09-30	$8.18M	37.97%
2012-06-30	$5.93M	-6.50%
2012-03-31	$6.34M	-4.04%
2011-12-31	$6.61M	-17.91%
2011-09-30	$8.05M	21.16%
2011-06-30	$6.65M	-9.50%
2011-03-31	$7.34M	15.27%
2010-12-31	$6.37M	14.04%
2010-09-30	$5.59M	-8.38%
2010-06-30	$6.10M	-6.49%
2010-03-31	$6.52M	-19.58%
2009-12-31	$8.11M	14.10%
2009-09-30	$7.11M	24.02%
2009-06-30	$5.73M	-20.03%
2009-03-31	$7.16M	-23.09%
2008-12-31	$9.32M	-16.77%
2008-09-30	$11.19M	6.11%
2008-06-30	$10.55M	64.02%
2008-03-31	$6.43M	-20.60%
2007-12-31	$8.10M	-

iCAD generated $4.95M in revenue during Q1 2024, up 4.49% compared to the previous quarter, and up 76.34% compared to the same period a year ago.

iCAD Revenue Breakdown

iCAD Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Product	$9.93M	$15.40M	-	-	-
Service	$7.39M	-	-	-	-
Therapy	-	-	$11.62M	$7.70M	$9.02M
Detection	-	-	$22.02M	$22.00M	$22.32M

iCAD's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (57.34%), and Service (42.66%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Product	$2.51M	$3.25M	$3.10M	$2.34M	$2.20M	$2.64M	$2.74M	$3.16M	-	-	-	-	-	-	-	-	-	-	-	-
Service Contracts	$1.71M	$1.77M	$1.85M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Therapy	-	-	-	-	-	-	-	-	$2.00M	$2.29M	$2.00M	$2.30M	$3.35M	$3.04M	$2.92M	$2.34M	$1.84M	$1.45M	$2.08M	$2.53M
Detection	-	-	-	-	-	-	-	-	$4.36M	$5.29M	$5.52M	$5.50M	$6.01M	$4.79M	$5.72M	$8.11M	$5.29M	$4.12M	$4.48M	$6.86M

iCAD's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product (59.47%), and Service Contracts (40.53%).

iCAD Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 21	Dec 20	Dec 19	Dec 18
Non-US	$7.50M	$6.10M	$3.80M	$3.20M

iCAD's latest annual revenue breakdown by geography, as of Dec 21: Non-US (100.00%).

iCAD Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
NVRO	Nevro	$425.17M	$104.16M
FNA	Paragon 28	$216.39M	$61.02M
ESTA	Establishment Labs	$165.15M	$40.23M
AXGN	AxoGen	$159.01M	$48.64M
SIBN	SI-BONE	$138.89M	$40.34M
SRDX	Surmodics	$132.58M	$30.34M
SIEN	Sientra	$90.55M	$19.54M
SRGA	Surgalign	$81.98M	$16.75M
SGHT	Sight Sciences	$81.06M	$20.16M
AZYO	Elutia	$49.19M	$6.13M
LNSR	LENSAR	$42.16M	$13.54M
CVRX	CVRx	$39.30M	$13.37M
SSKN	STRATA Skin Sciences	$33.36M	$8.44M
ICAD	iCAD	$17.32M	$4.95M
PROF	Profound Medical	$7.33M	$1.90M
INVO	INVO Bioscience	$3.02M	$1.84M
AIMD	Ainos	$122.11K	-
NVNO	enVVeno Medical	-	-
MOVE	Movano	-	$50.00K
BMRA	Biomerica	-	$1.81M

ICAD Revenue FAQ

What is iCAD’s yearly revenue?

iCAD's yearly revenue for 2023 was $17.32M, representing a decrease of -38.03% compared to 2022. The company's yearly revenue for 2022 was $27.94M, representing a decrease of -16.93% compared to 2021. ICAD's yearly revenue for 2021 was $33.64M, representing an increase of 13.27% compared to 2020.

What is iCAD’s quarterly revenue?

iCAD's quarterly revenue for Q1 2024 was $4.95M, a 4.49% increase from the previous quarter (Q4 2023), and a -14.26% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $4.74M, a 16.40% increase from the previous quarter (Q3 2023), and a -26.94% decrease year-over-year (Q4 2022). ICAD's quarterly revenue for Q3 2023 was $4.07M, a -30.55% decrease from the previous quarter (Q2 2023), and a -35.92% decrease year-over-year (Q3 2022).

What is iCAD’s revenue growth rate?

iCAD's revenue growth rate for the last 3 years (2021-2023) was -48.52%, and for the last 5 years (2019-2023) was -44.74%.

What are iCAD’s revenue streams?

iCAD's revenue streams in c 23 are Product, and Service. Product generated $9.93M in revenue, accounting 57.34% of the company's total revenue, down -35.51% year-over-year. Service generated $7.39M in revenue, accounting 42.66% of the company's total revenue

What is iCAD’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of iCAD was Product. This segment made a revenue of $9.93M, representing 57.34% of the company's total revenue.