ICAD Inc

NASDAQ:ICADUnited States

Nov 13, 2024

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• -- Earnings Flash (ICAD) ICAD Reports Q3 Loss $-0.07, from 4:05PM ET on Wednesday Nov 13, 2024 by MT Newswires

  4:05PM ET on Wednesday Nov 13, 2024 by MT Newswires
  Companies Mentioned: ICAD
  04:05 PM EST, 11/13/2024 (MT Newswires) -- ...

• -- Earnings Flash (ICAD) ICAD Posts Q3 Revenue $4.2M, from 4:04PM ET on Wednesday Nov 13, 2024 by MT Newswires

  4:04PM ET on Wednesday Nov 13, 2024 by MT Newswires
  Companies Mentioned: ICAD
  04:04 PM EST, 11/13/2024 (MT Newswires) -- ...

• *DJ ICAD 3Q Loss/Shr 7c >ICAD, from 4:01PM ET on Wednesday Nov 13, 2024 by Dow Jones

  4:01PM ET on Wednesday Nov 13, 2024 by Dow Jones
  Companies Mentioned: ICAD

• iCAD Reports Financial Results for Third Quarter Ended September 30, 2024, from 4:01PM ET on Wednesday Nov 13, 2024 by Dow Jones

  4:01PM ET on Wednesday Nov 13, 2024 by Dow Jones
  Companies Mentioned: ICAD
  
  Management excludes each of the items identified below from the applicable non-GAAP financial measure referenced above for the reasons set forth with respect to that excluded item:
  -- Interest expense: The Company excludes interest expense which includes interest from the facility agreement, interest on capital leases and interest on the convertible debentures from its non-GAAP Adjusted EBITDA calculation. -- Stock-based compensation expense: excluded as these are non-cash expenses that management does not consider part of ongoing operating results when assessing the performance of the Company's business, and also because the total amount of expense is partially outside of the Company's control as it is based on factors such as stock price volatility and interest rates, which may be unrelated to our performance during the period in which the expense is incurred. -- Amortization and Depreciation: Purchased assets and intangibles are amortized over a period of several years and generally cannot be changed or influenced by management after they are acquired. Accordingly, these non-cash items are not considered by management in making operating decisions, and management believes that such expenses do not have a direct correlation to future business operations. Thus, including such charges does not accurately reflect the performance of the Company's ongoing operations for the period in which such charges are incurred. -- Severance and Furlough: The Company has incurred severance and furlough expenses in connection with restructuring and in connection with the separation of its former CEO. The Company excludes these items from its non-GAAP financial measures when evaluating its continuing business performance as such items can vary significantly and do not reflect expected future operating expenses. In addition, management believes that such items do not have a direct correlation to future business operations. -- Loss on fair value of convertible debentures. The Company excludes this non-cash item as it is not considered by management in making operating decisions, and management believes that such item does not have a direct correlation to future business operations. -- Litigation related: These expenses consist primarily of settlement, legal and other professional fees related to litigation. The Company excludes these costs from its non-GAAP measures primarily because the Company believes that these costs have no direct correlation to the core operations of the Company. -- Loss on extinguishment of debt: The Company excludes this non-cash item as it is not considered by management in making operating decisions, and management believes that such item does not have a direct correlation to future business operations. -- Impairment of operating lease asset: The Company incurred a non-cash impairment charge as a result of executing a sublease for its corporate headquarters. The Company excludes this non-cash item as it is not considered by management in making operating decisions, and management believes that it has no direct correlation to future business operations.