icad inc. R&D Expenses

R&D Expenses of ICAD for past 10 years: annual, quarterly and twelve month trailing (TTM) including R&D Expenses growth rates and interactive chart. Research and development (R&D) expenses are associated with the research and development of a company's goods or services. A company generally incurs R&D expenses in the process of finding and creating new products or services. It is an operating expense and can be deducted from a company's income taxes.

Highlights and Quick Summary

  • R&D Expenses for the quarter ending March 30, 2021 was $2.19 Million (a 0.74% increase compared to previous quarter)
  • Year-over-year quarterly R&D Expenses increased by 16.72%
  • Annual R&D Expenses for 2020 was $8.11 Million (a -12.48% decrease from previous year)
  • Annual R&D Expenses for 2019 was $9.27 Million (a -1.84% decrease from previous year)
  • Annual R&D Expenses for 2018 was $9.45 Million (a 1.27% increase from previous year)
  • Twelve month R&D Expenses ending March 30, 2021 was $8.1 Million (a -0.23% decrease compared to previous quarter)
  • Twelve month trailing R&D Expenses decreased by -10.99% year-over-year
Trailing R&D Expenses for the last four month:
30 Mar '21 30 Dec '20 29 Sep '20 29 Jun '20
$8.1 Million $8.11 Million $8.46 Million $9.09 Million
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Historical R&D Expenses of icad inc.

Most recent R&D Expensesof ICAD including historical data for past 10 years.

Interactive Chart of R&D Expenses of icad inc.

icad inc. R&D Expenses for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $2.19
2020 $2.18 $1.85 $1.88 $2.21 $8.11
2019 $2.52 $2.49 $2.14 $2.13 $9.27
2018 $2.01 $2.04 $2.06 $3.34 $9.45
2017 $2.27 $2.25 $2.23 $2.57 $9.33
2016 $2.68 $2.36 $2.2 $2.27 $9.52
2015 $2.54 $2.09 $2.27 $2.26 $9.16
2014 $2.21 $2.09 $2.0 $1.86 $8.16
2013 $1.47 $1.95 $1.76 $1.87 $7.04
2012 $0.87 $1.97 $1.98 $2.21 $7.03
2011 $2.08 $2.63 $3.3 $2.78 $10.79
2010 $1.8 $1.72 $6.6

Business Profile of icad inc.

Sector: Healthcare
Industry: Health Information Services
iCAD, Inc. provides image analysis, workflow solutions, and radiation therapy for the treatment of cancer in the United States. It operates through two segments, Cancer Detection and Cancer Therapy. The company offers PowerLook platform, which hosts the AI algorithm solutions and manages the communications between imaging acquisition systems, and image storage and review systems; SecondLook, a machine learning-based cancer detection algorithm that analyzes 2D full-field digital mammography images to identify and mark suspicious masses and calcifications; and automated density assessment solutions, which provides automated, consistent, and standardized density assessment. It also offers ProFound AI, a deep-learning algorithm designed to detect malignant soft-tissue densities and calcifications in digital breast tomosynthesis; ProFound AI Risk, a tool that provides breast cancer risk estimation based on a screening mammogram; and magnetic resonance imaging applications, a tool to detect breast and prostate cancer. In addition, the company offers VeraLook, a solution designed to support the detection of colonic polyps in conjunction with CT Colonography. Further, it provides Xoft Axxent electronic brachytherapy systems for the treatment of early stage breast, non-melanoma skin, and gynecological cancers to university research and community hospitals, cancer care clinics, veterinary facilities, and dermatology offices. The company serves healthcare centers through direct sales organizations, as well as through various original equipment manufacturer partners, distributors, and resellers. It also exports its products in Europe, Taiwan, Canada, China, and internationally. The company was formerly known as Howtek, Inc. and changed its name to iCAD, Inc. in June 2002. iCAD, Inc. was incorporated in 1984 and is headquartered in Nashua, New Hampshire.