iCAD Inc - Company Profile
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iCAD Inc (iCAD) is a medical technology company that provides advanced image analysis, radiation therapies and workflow solutions for the early disclosure and treatment of cancers. The company offers cancer detection products and solutions which include Powerlook, VeraLook and ProFound AI and magnetic resonance imaging (MRI) applications for diagnostic purposes. It also provides Xoft System, a proprietary electronic brachytherapy platform for oncology treatment. The company uses artificial intelligence for its product development. iCAD operates in the US and markets products through direct sales organization, OEM partners, distributors and resellers in the US and abroad. iCAD is headquartered in Nashua, New Hampshire, the US.
Headquarters
United States of America
Address
98 Spit Brook Rd Ste 100, Nashua, New Hampshire, 03062-5737
Website
www.icadmed.com
Telephone
1 603 8825200
No of Employees
109
Industry
Medical Equipment
Ticker Symbol & Exchange
ICAD (NASD)
Revenue (2021)
$27.9M
-16.9%
(2021 vs 2020)
EPS
XYZ
Net Income (2021)
XYZ
-21.4%
(2021 vs 2020)
Market Cap*
$39.3M
Net Profit Margin (2022)
XYZ
-46.2%
(2021 vs 2020)
* As of and is in US$
iCAD Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Cancer detection products and solutions: | Maintenance and Support | ProFound AI |
| PoweLook Platform Hardware | On-site Labor | PowerLook |
| PowerLook Density Assessment | Technical Phone Support | PowerLook Pro |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In July, the company signed a new multi-year commercial agreement with Radiology Partners to expand potential for iCAD’s technology to reach millions of women in the US. |
| 2022 | Contracts/Agreements | In November, the company signed an agreement with Google Health to integrate its artificial intelligence (AI) technology into iCAD’s portfolio of breast imaging AI solutions. |
| 2021 | New Products/Services | In September, the company launched short-term personalized risk assessment solution for 3D mammography |
Competitor Comparison
| Key Parameters | iCAD Inc | GE HealthCare Technologies Inc | Hologic Inc | Varian Medical Systems Inc | Carl Zeiss Meditec AG |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | Germany |
| City | Nashua | Chicago | Marlborough | Palo Alto | Jena |
| State/Province | New Hampshire | Illinois | Massachusetts | California | Thuringen |
| No. of Employees | 109 | 51,000 | 6,990 | - | 4,823 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Dana Brown | Chairman; Chief Executive Officer; President | Executive Board | 2022 | 58 |
| Eric Lonnqvist | Chief Financial Officer | Senior Management | 2023 | - |
| Jonathan Go | Chief Technology Officer | Senior Management | 2019 | - |
| Vasu Avadhanula | Chief Product Officer | Senior Management | 2023 | - |
| Michelle Strong | Chief Operations Officer | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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