Icad Financial Statements From 2010 to 2023

ICAD Stock  USD 2.28  0.09  3.80%   
Icad financial statements provide useful quarterly and yearly information to potential Icad Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Icad financial statements helps investors assess Icad's valuation, profitability, and current liquidity needs.
There are over one hundred three available fundamental trends for Icad Inc, which can be analyzed over time and compared to other ratios. Please make sure to confirm all of Icad's regular performance against the performance from 2010 to 2023 to make sure the company is sustainable down the road.
Icad Invested Capital is projected to increase significantly based on the last few years of reporting. The past year's Invested Capital was at 5.51 Million. The current year Working Capital is expected to grow to about 43.9 M, whereas Average Assets are forecasted to decline to about 54.9 M.
  
Check Icad financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Icad main balance sheet or income statement drivers, such as Direct Expenses of 8.1 M, Cost of Revenue of 8.3 M or Gross Profit of 21 M, as well as many exotic indicators such as Interest Coverage of 0.28, Long Term Debt to Equity of 0.21 or PPandE Turnover of 30.94. Icad financial statements analysis is a perfect complement when working with Icad Valuation or Volatility modules. It can also supplement Icad's financial leverage analysis and stock options assessment as well as various Icad Technical models . Please see the analysis of Icad Correlation against competitors.

Icad Revenues

29.08 Million

Icad Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Tax Liabilities4.9 K4.5 K6.2 K
Down
Slightly volatile
Trade and Non Trade Receivables9.7 M10.2 M7.6 M
Up
Slightly volatile
Property Plant and Equipment Net1.7 M1.7 M1.9 M
Down
Very volatile
Trade and Non Trade Payables2.8 M3.2 MM
Up
Slightly volatile
Liabilities Non Current657.7 K640.8 K6.9 M
Down
Pretty Stable
Current Liabilities13.7 M13.5 M15.4 M
Down
Very volatile
Total Liabilities23.3 M18 M23.5 M
Down
Pretty Stable
Inventory4.1 M4.8 M2.9 M
Up
Slightly volatile
Goodwill and Intangible Assets8.4 M8.1 M20.9 M
Down
Slightly volatile
Shareholders Equity USD33.9 M41.9 M30.1 M
Down
Very volatile
Shareholders Equity46.6 M53.5 M34.4 M
Down
Pretty Stable
Deferred Revenue5.9 M5.5 MM
Down
Slightly volatile
Total Debt USD821.2 K800.1 KM
Down
Slightly volatile
Debt Non Current7.8 M7.2 M9.5 M
Down
Slightly volatile
Debt Current821.2 K800.1 K2.3 M
Down
Slightly volatile
Total Debt821.2 K800.1 KM
Down
Slightly volatile
Cash and Equivalents USD42.5 M39.4 M19.4 M
Up
Slightly volatile
Cash and Equivalents33.3 M30.9 M18.9 M
Up
Slightly volatile
Assets Non Current15.7 M10.7 M23.6 M
Down
Slightly volatile
Current Assets48.8 M45.3 M30.6 M
Up
Slightly volatile
Total Assets69.9 M71.5 M57.9 M
Down
Pretty Stable
Accounts Payable4.3 M5.1 MM
Up
Slightly volatile
Receivables7.2 MM7.2 M
Up
Slightly volatile
Inventories3.1 M3.8 M2.9 M
Up
Slightly volatile

Icad Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Income Tax Expense92490048.1 K
Down
Slightly volatile
Weighted Average Shares Diluted18.3 M22.3 M16.2 M
Up
Slightly volatile
Weighted Average Shares18.3 M22.3 M16.2 M
Up
Slightly volatile
Selling General and Administrative Expense27.1 M29.4 M21.6 M
Up
Slightly volatile
Research and Development Expense10.7 M10.6 M9.2 M
Up
Pretty Stable
Revenues USD29.3 M30.3 M31.3 M
Down
Very volatile
Revenues29.1 M30.3 M31 M
Down
Very volatile
Operating Income(10.4 M)(9.7 M)(11.5 M)
Up
Pretty Stable
Operating Expenses31.2 M31.5 M35.8 M
Down
Slightly volatile
Interest Expense130.2 K126.9 K941.1 K
Down
Slightly volatile
Gross Profit21 M21.8 M22.3 M
Down
Very volatile
Earning Before Interest and Taxes USD(13.8 M)(12.8 M)(15.3 M)
Up
Slightly volatile
Earning Before Interest and Taxes EBIT(13.8 M)(12.8 M)(15.3 M)
Up
Slightly volatile
Cost of Revenue8.3 M8.5 MM
Down
Pretty Stable
Direct Expenses8.1 M8.5 M8.6 M
Up
Very volatile

Icad Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Share Based Compensation2.8 M3.2 MM
Up
Slightly volatile
Net Cash Flow from Operations(11.1 M)(10.8 M)(5.5 M)
Down
Slightly volatile
Net Cash Flow from Investing(570 K)(528.3 K)(708.3 K)
Up
Pretty Stable
Net Cash Flow from Financing16.6 M15.4 M8.1 M
Up
Slightly volatile
Issuance Repayment of Debt Securities (6.8 M)(6.6 M)936 K
Down
Slightly volatile
Issuance Purchase of Equity Shares22.8 M28.2 M13.7 M
Up
Slightly volatile
Net Cash Flow Business Acquisitions and Disposals3.5 M3.3 M139.1 K
Up
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents8.8 M8.2 M1.7 M
Up
Slightly volatile
Depreciation Amortization and Accretion514.5 K501.3 K1.8 M
Down
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Assets Book Value per Share1.821.931.8594
Up
Very volatile
Sales per Share2.081.562.1198
Down
Slightly volatile
Return on Sales(0.41)(0.38)(0.4974)
Up
Slightly volatile
Return on Invested Capital(1.33)(1.23)(1.5474)
Down
Slightly volatile
Price to Sales Ratio5.196.13.5772
Up
Slightly volatile
Price to Book Value6.144.475.9609
Up
Slightly volatile
Gross Margin85.6782.8874.2946
Up
Pretty Stable
Free Cash Flow per Share(0.5)(0.46)(0.3321)
Down
Pretty Stable
Enterprise Value over EBITDA(17.21)(15.95)(11.9028)
Down
Very volatile
Enterprise Value over EBIT(12.01)(11.7)(3.9075)
Down
Pretty Stable
EBITDA Margin(39.81)(36.89)(32.5046)
Down
Slightly volatile
Debt to Equity Ratio0.210.210.5697
Up
Pretty Stable
Current Ratio3.273.031.9814
Up
Slightly volatile
Book Value per Share1.681.691.9609
Down
Slightly volatile
Asset Turnover0.520.510.5831
Up
Slightly volatile
Total Assets Per Share3.752.843.8114
Down
Slightly volatile
Cash Flow Per Share(0.46)(0.43)(0.3074)
Down
Pretty Stable
Return on Investment(31.7)(29.38)(32.0322)
Down
Pretty Stable
Operating Margin(39.58)(36.69)(30.7181)
Down
Slightly volatile
Receivables Turnover4.924.094.7394
Down
Slightly volatile
Inventory Turnover3.282.853.0789
Down
Very volatile
PPandE Turnover30.9437.2427.9458
Up
Slightly volatile
Cash and Equivalents Turnover1.921.262.09
Down
Slightly volatile
Accounts Payable Turnover8.897.18.7738
Down
Slightly volatile
Accrued Expenses Turnover8.368.149.4859
Down
Very volatile
Interest Coverage0.280.280.3083
Down
Slightly volatile
Long Term Debt to Equity0.210.210.5635
Up
Pretty Stable
Quick Ratio2.312.141.1824
Up
Slightly volatile
Net Current Assets as percentage of Total Assets55.1951.1526.9185
Up
Slightly volatile
Revenue to Assets0.540.490.5994
Up
Pretty Stable

Icad Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Working Capital43.9 M40.6 M15.7 M
Up
Slightly volatile
Tangible Asset Value49.9 M61.1 M33 M
Up
Slightly volatile
Market Capitalization174.7 M207.9 M118.1 M
Up
Slightly volatile
Invested Capital Average8.8 M9.3 M6.5 M
Up
Slightly volatile
Invested Capital6.7 M5.5 M5.8 M
Up
Slightly volatile
Free Cash Flow(9.2 M)(9 M)(6.4 M)
Down
Pretty Stable
Enterprise Value148.8 M168.2 M106.3 M
Up
Slightly volatile
Average Equity37 M45.2 M34.3 M
Down
Pretty Stable
Earnings Before Interest Taxes and Depreciation Amortization USD(13.1 M)(12.1 M)(13.4 M)
Up
Pretty Stable
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(10.5 M)(9.7 M)(12 M)
Up
Very volatile
Average Assets54.9 M60.7 M56 M
Down
Slightly volatile
Revenue Per Employee301.9 K282.4 K268.7 K
Up
Very volatile

Icad Fundamental Market Drivers

Cash And Short Term Investments34.3 M

Icad Upcoming Events

Upcoming Quarterly Report23rd of February 2022
Next Financial Report27th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End23rd of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Icad Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Icad income statement, its balance sheet, and the statement of cash flows. Icad investors use historical funamental indicators, such as Icad's revenue or net income, to determine how well the company is positioned to perform in the future. Although Icad investors may use each financial statement separately, they are all related. The changes in Icad's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Icad's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Icad Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Icad. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Deferred Revenue5.5 M5.9 M
Cost of Revenue8.5 M8.3 M
Revenues30.3 M29.1 M
Revenue to Assets 0.49  0.54 
Revenue Per Employee282.4 K301.9 K

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Please see the analysis of Icad Correlation against competitors. Note that the Icad Inc information on this page should be used as a complementary analysis to other Icad's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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When running Icad Inc price analysis, check to measure Icad's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Icad is operating at the current time. Most of Icad's value examination focuses on studying past and present price action to predict the probability of Icad's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Icad's price. Additionally, you may evaluate how the addition of Icad to your portfolios can decrease your overall portfolio volatility.
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Is Icad's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Icad. If investors know Icad will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Icad listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
60.3 M
Quarterly Revenue Growth
(0.32) 
Return On Assets
(0.15) 
Return On Equity
(0.34) 
The market value of Icad Inc is measured differently than its book value, which is the value of Icad that is recorded on the company's balance sheet. Investors also form their own opinion of Icad's value that differs from its market value or its book value, called intrinsic value, which is Icad's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Icad's market value can be influenced by many factors that don't directly affect Icad's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Icad's value and its price as these two are different measures arrived at by different means. Investors typically determine Icad value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icad's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.