WINTER SPRINGS, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- IRADIMED CORPORATION (the “Company”) (NASDAQ: IRMD) was recently named one of Fortune’s 100 Fastest Growing Companies for 2024. Iradimed is a leader in the development of innovative magnetic resonance imaging (“MRI”) medical devices and the only provider of a non-magnetic intravenous (“IV”) infusion pump system, and non-magnetic patient vital signs monitoring systems that are designed for use during MRI procedures.

“Being recognized by Fortune as one of the 100 Fastest Growing Companies for 2024 is a tremendous honor,” said Roger Susi, President and Chief Executive Officer of the Company. “This achievement underscores our team’s passion and dedication on delivering innovative medical equipment and value-add to our customers to improve the quality of care. As we continue executing our strategic plan, we are excited to build on this momentum and advance our mission to improve patient safety and drive impactful growth for long-term success.”

IRadimed was ranked 61^st on the list, which ranks companies based on growth in revenue, profits, and stock returns. To qualify, a company–domestic or foreign–must be trading on a major U.S. stock exchange; report data in U.S. dollars; file quarterly reports with the SEC; have a minimum market capitalization of $225 million and a stock price of at least $5 on June 28, 2024; and have been trading continuously since June 30, 2021. Companies must have revenue and net income for the four quarters ended on or before April 30, 2024, of at least $50 million and $10 million, respectively, and have posted an annualized growth in revenue and earnings per share of at least 20% annually over the three years ended on or before April 30, 2024. Companies that meet these criteria are ranked by revenue growth rate, EPS growth rate, and three-year annualized total return for the period ending June 28, 2024. The overall rank is based on the sum of the three ranks. Once the 100 companies are identified, they are re-ranked within the 100, using the three equally weighted variables.

To learn more about Fortune’s 2024 100 Fastest-Growing Companies list, visit fortune.com/100-fastest-growing-companies/2024. All registered trademarks are the property of their respective owners.

About IRADIMED CORPORATION

IRADIMED CORPORATION is a leader in developing innovative Magnetic Resonance Imaging (“MRI”) compatible medical devices. We design, manufacture, market, and distribute MRI-compatible medical devices, accessories, disposables, and related services.