Event-Driven Stocks

ICAD INC

ICAD

Healthcare · Surgical & Medical Instruments & Apparatus · DE · SEC filings ↗ · Compare ⊕

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Signs● 3 good● 3 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY24FY23FY22FY21FY20FY19
Revenue$19.6M$17.3M$19.8M$33.6M$29.7M$31.3M
Operating income−$6.3M−$7.7M−$10.2M−$10.7M−$9.4M−$6.4M
Net income−$5.6M−$4.8M−$13.7M−$11.2M−$17.6M−$13.6M
Total assets$37.5M$41.4M$51.7M$62.2M$55.6M$41.7M
Total liabilities$8.9M$8.0M$16.8M$15.7M$25.1M$36.7M
Equity$28.7M$33.4M$34.9M$46.5M$30.5M$5.1M
EPS (diluted)$-0.21$-0.19$-0.54$-0.45$-0.80$-0.74
Shares out.26.5M25.4M25.2M24.9M21.2M17.2M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2024
Operating margin
−32.0%
Net margin
−28.6%
Return on equity
−19.6%
Return on assets
−15.0%
Return on capital (ROCE)
−20.9%
Liabilities / assets
23.6%
Debt / equity
0.31×
Book value / share
$1.08
Revenue growth (YoY)
13.2%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2024
Altman Z″ (distress)
-18.51distress
Accruals / assets
−4.5%clean
Beneish M-Score
-2.58normal
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
55
/ 100
Profitability 0Growth 100Catalyst 33Earnings quality 67Financial strength 75

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

● 1 severe● 3 warning● 3 good
  • Altman Z″ in the distress zone
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Negative operating cash flow
  • Revenue is growing year-over-year
  • Conservative leverage (liabilities < 50% of assets)
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
Jul 15, 2025249,5471.5+7.4%
Jun 30, 2025232,4221.2-13.8%
Jun 13, 2025269,6021.0-9.1%
May 30, 2025296,4511.0-25.4%
May 15, 2025397,4371.0+28.5%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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