2018 Q4 Form 10-K Financial Statement

#000119312519092896 Filed on March 29, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 2017 Q4
Revenue $6.954M $25.62M $7.902M
YoY Change -12.0% -8.83% 14.06%
Cost Of Revenue $1.540M $6.191M $3.560M
YoY Change -56.74% -37.63% 48.33%
Gross Profit $5.410M $19.43M $4.341M
YoY Change 24.63% 6.9% -4.15%
Gross Profit Margin 77.8% 75.84% 54.94%
Selling, General & Admin $6.120M $17.81M $4.140M
YoY Change 47.83% -3.1% -15.34%
% of Gross Profit 113.12% 91.66% 95.37%
Research & Development $2.010M $9.445M $2.270M
YoY Change -11.45% 1.27% -15.3%
% of Gross Profit 37.15% 48.61% 52.29%
Depreciation & Amortization $170.0K $325.0K $300.0K
YoY Change -43.33% -67.34% -44.44%
% of Gross Profit 3.14% 1.67% 6.91%
Operating Expenses $8.210M $27.56M $6.520M
YoY Change 25.92% -14.79% -16.62%
Operating Profit -$2.800M -$8.130M -$2.179M
YoY Change 28.5% -42.62% -33.79%
Interest Expense -$550.0K $504.0K -$60.00K
YoY Change 816.67% 306.45%
% of Operating Profit
Other Income/Expense, Net -$845.0K
YoY Change 697.17%
Pretax Income -$3.350M -$8.975M -$4.230M
YoY Change -20.8% -37.12% 28.18%
Income Tax $0.00 $42.00K -$19.09M
% Of Pretax Income
Net Earnings -$3.344M -$9.017M -$4.235M
YoY Change -21.04% -36.75% 27.71%
Net Earnings / Revenue -48.09% -35.19% -53.59%
Basic Earnings Per Share -$0.54
Diluted Earnings Per Share -$199.0K -$0.54 -$257.0K
COMMON SHARES
Basic Shares Outstanding 16.77M shares 16.69M 16.51M shares
Diluted Shares Outstanding 16.69M

Balance Sheet

Concept 2018 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.19M $12.19M $9.390M
YoY Change 29.82% 29.82% 9.31%
Cash & Equivalents $12.19M $12.19M $9.387M
Short-Term Investments
Other Short-Term Assets $1.030M $1.030M $1.100M
YoY Change -6.36% -6.36% -54.73%
Inventory $1.587M $1.590M $2.123M
Prepaid Expenses
Receivables $6.403M $6.420M $8.599M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $21.22M $21.22M $21.21M
YoY Change 0.05% 0.05% 6.4%
LONG-TERM ASSETS
Property, Plant & Equipment $552.0K $550.0K $576.0K
YoY Change -4.17% -5.17% -58.41%
Goodwill $8.362M $8.362M
YoY Change 0.0% -40.68%
Intangibles $1.550M $1.931M
YoY Change -19.73% -39.33%
Long-Term Investments
YoY Change
Other Assets $9.965M $50.00K $10.35M
YoY Change -3.68% 0.0% -40.31%
Total Long-Term Assets $10.52M $10.52M $10.92M
YoY Change -3.71% -3.66% -41.65%
TOTAL ASSETS
Total Short-Term Assets $21.22M $21.22M $21.21M
Total Long-Term Assets $10.52M $10.52M $10.92M
Total Assets $31.74M $31.74M $32.13M
YoY Change -1.23% -1.21% -16.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.154M $1.150M $1.362M
YoY Change -15.27% -15.44% -13.63%
Accrued Expenses $5.060M $4.970M $4.480M
YoY Change 12.95% 12.95% -10.22%
Deferred Revenue $5.209M $5.910M
YoY Change -11.86%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.870M $1.870M $830.0K
YoY Change 125.3% 125.3% 822.22%
Total Short-Term Liabilities $13.25M $13.25M $12.07M
YoY Change 9.73% 9.78% -6.11%
LONG-TERM LIABILITIES
Long-Term Debt $11.24M $11.24M $5.150M
YoY Change 118.25% 118.25%
Other Long-Term Liabilities $27.00K $360.0K $119.0K
YoY Change -77.31% -42.86% 43.37%
Total Long-Term Liabilities $27.00K $11.60M $119.0K
YoY Change -77.31% 100.69% 43.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.25M $13.25M $12.07M
Total Long-Term Liabilities $27.00K $11.60M $119.0K
Total Liabilities $24.84M $24.84M $17.86M
YoY Change 39.13% 39.08% 31.16%
SHAREHOLDERS EQUITY
Retained Earnings -$210.8M -$201.9M
YoY Change 4.41% 7.6%
Common Stock $219.1M $217.6M
YoY Change 0.7% 1.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.415M $1.415M
YoY Change 0.0% 0.0%
Treasury Stock Shares $185.8K 185.8K shares
Shareholders Equity $6.896M $6.900M $14.28M
YoY Change
Total Liabilities & Shareholders Equity $31.74M $31.74M $32.13M
YoY Change -1.23% -1.21% -16.87%

Cashflow Statement

Concept 2018 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income -$3.344M -$9.017M -$4.235M
YoY Change -21.04% -36.75% 27.71%
Depreciation, Depletion And Amortization $170.0K $325.0K $300.0K
YoY Change -43.33% -67.34% -44.44%
Cash From Operating Activities -$1.550M -$3.867M -$1.770M
YoY Change -12.43% -47.29% 9.26%
INVESTING ACTIVITIES
Capital Expenditures -$200.0K $301.0K -$40.00K
YoY Change 400.0% -22.82% -55.56%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$200.0K -$316.0K -$30.00K
YoY Change 566.67% -112.87% -70.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.120M 6.981M -80.00K
YoY Change -9000.0% 22.82% -57.89%
NET CHANGE
Cash From Operating Activities -1.550M -3.867M -1.770M
Cash From Investing Activities -200.0K -316.0K -30.00K
Cash From Financing Activities 7.120M 6.981M -80.00K
Net Change In Cash 5.370M 2.798M -1.880M
YoY Change -385.64% 248.88% -1.57%
FREE CASH FLOW
Cash From Operating Activities -$1.550M -$3.867M -$1.770M
Capital Expenditures -$200.0K $301.0K -$40.00K
Free Cash Flow -$1.350M -$4.168M -$1.730M
YoY Change -21.97% -46.06% 13.07%

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26000
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CY2018 dei Amendment Flag
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CY2018 dei Document Fiscal Period Focus
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CY2018 dei Entity Central Index Key
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CY2018 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
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P1Y
CY2018 dei Entity Registrant Name
EntityRegistrantName
ICAD INC
CY2018 dei Entity Shell Company
EntityShellCompany
false
CY2018 dei Entity Small Business
EntitySmallBusiness
true
CY2018 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2018 dei Document Period End Date
DocumentPeriodEndDate
2018-12-31
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.54
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000 pure
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.006 pure
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.031 pure
CY2018 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2018 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2018 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2018 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-12000
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9117000
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8975000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42000
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-209000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-172000
CY2018 us-gaap Gross Profit
GrossProfit
19430000
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
51000
CY2018 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-454000
CY2018 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
-11761
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-19100000
CY2018 us-gaap Interest Expense
InterestExpense
504000
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2003000
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
494000
CY2018 us-gaap Interest Expense Lessee Assets Under Capital Lease
InterestExpenseLesseeAssetsUnderCapitalLease
4000
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-536000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
294000
CY2018 us-gaap Investment Income Interest
InvestmentIncomeInterest
110000
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
896000
CY2018 us-gaap Line Of Credit Facility Description
LineOfCreditFacilityDescription
The maturity date of the Revolving Loans is March 1, 2022. However, the maturity date will become April 30, 2020 or April 30, 2021 if (after the Fourth Loan Modification Agreement, see Note 1(t) Subsequent Events), on or before March 15, 2020 or 2021, as applicable, the Company does not agree in writing to the Detection revenue and adjusted EBITDA covenant levels proposed by the Bank with respect to the upcoming 2020 or 2021 calendar year.
CY2018 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2022-03-01
CY2018 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
39000
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-845000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-316000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6981000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3867000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-9017000
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2018 us-gaap Operating Expenses
OperatingExpenses
27560000
CY2018 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
-8130000
CY2018 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
110000
CY2018 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
15000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
301000
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
204000
CY2018 us-gaap Profit Loss
ProfitLoss
-9017000
CY2018 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
541000
CY2018 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
13000
CY2018 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P3Y
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
225000
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9445000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
1505000
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.27
CY2018 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P4Y4M24D
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
25080000
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
25621000
CY2018 us-gaap Revenues
Revenues
25621000
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
204000
CY2018 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
8693000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
230345 shares
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
1193000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
224000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
888263 shares
CY2018 dei Trading Symbol
TradingSymbol
ICAD
CY2018 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
19000
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
5.41
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.95
CY2018 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y1M6D
CY2018 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
17000
CY2018 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-180000
CY2018 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
56946 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
139556 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16685000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16685000 shares
CY2018 icad Minimum Annual Royalty Payment
MinimumAnnualRoyaltyPayment
250000
CY2018 icad Taxes Paid Related To Restricted Stock Issuance
TaxesPaidRelatedToRestrictedStockIssuance
180000
CY2018 icad Deferred Revenue To Be Recognized In Next Twelve Months
DeferredRevenueToBeRecognizedInNextTwelveMonths
4.9
CY2018 icad Tax Cuts And Jobs Act Of2017 Change In Tax Rate Income Tax Expense Benefit
TaxCutsAndJobsActOf2017ChangeInTaxRateIncomeTaxExpenseBenefit
19100000
CY2018 icad Insurance Coverage Revert Amount Per Depositor
InsuranceCoverageRevertAmountPerDepositor
250000
CY2018 icad Financing Costs
FinancingCosts
451000
CY2018 icad Amortization Accretion Of Discounts And Premiums
AmortizationAccretionOfDiscountsAndPremiums
170000
CY2018 icad Accrued Amount Of Final Payment Of Term Loan
AccruedAmountOfFinalPaymentOfTermLoan
163000
CY2018 icad General Administrative Depreciation And Amortization Expense
GeneralAdministrativeDepreciationAndAmortizationExpense
9169000
CY2018 icad Segment Operating Income Loss
SegmentOperatingIncomeLoss
1039000
CY2018 icad Deferral Of Costs To Obtain Contract
DeferralOfCostsToObtainContract
368000
CY2018 icad Recognition Of Costs To Obtain Contract
RecognitionOfCostsToObtainContract
203000
CY2018 icad Deferral Of Revenue
DeferralOfRevenue
9993000
CY2018 icad Product Delivery Period To Customer
ProductDeliveryPeriodToCustomer
One year or less.
CY2018 icad Number Of Major Customers
NumberOfMajorCustomers
1 Customer
CY2018 icad Number Of Stock Incentive Plans
NumberOfStockIncentivePlans
6 Incentive_Plan
CY2018 icad Number Of Year Subject To Examination
NumberOfYearSubjectToExamination
P3Y
CY2018 icad Maximum Maturity Period For Cash In Hand And Investment Included In Cash And Cash Equivalents
MaximumMaturityPeriodForCashInHandAndInvestmentIncludedInCashAndCashEquivalents
P90D
CY2018 icad Acquired Patent License Weighted Average Useful Life
AcquiredPatentLicenseWeightedAverageUsefulLife
P4Y
CY2018 icad Effective Income Tax Rate Reconciliation Accrual To Trade Receivable
EffectiveIncomeTaxRateReconciliationAccrualToTradeReceivable
0.003 pure
CY2018 icad Line Of Credit Facility Termination Fee Percentage Prior To Maturity
LineOfCreditFacilityTerminationFeePercentagePriorToMaturity
0.020 pure
CY2018 icad Effective Income Tax Rate Reconciliation Deductions Sharebased Compensation Cost Percent
EffectiveIncomeTaxRateReconciliationDeductionsSharebasedCompensationCostPercent
0.011 pure
CY2018 icad Effective Income Tax Rate Reconciliation Amortization On Goodwill Adjustments Percent
EffectiveIncomeTaxRateReconciliationAmortizationOnGoodwillAdjustmentsPercent
0.001 pure
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
69000
CY2016 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
7820000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6000
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7000
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
76000
CY2018 icad Maximum Percentage Of Export Sales To Any Single Country
MaximumPercentageOfExportSalesToAnySingleCountry
0.10 pure
CY2018 icad Effective Income Tax Rate Reconciliation Non Deductible Expense Other Permanent Differences
EffectiveIncomeTaxRateReconciliationNonDeductibleExpenseOtherPermanentDifferences
-0.005 pure
CY2018 icad Net Operating Loss Carryforwards Utilized
NetOperatingLossCarryforwardsUtilized
0
CY2018 icad Proceeds From Issuance Of Convertible Debentures
ProceedsFromIssuanceOfConvertibleDebentures
6970000
CY2018 icad Maximum Percentage Of Taxable Income Allowed To Offset By Net Operating Loss Carryforwards
MaximumPercentageOfTaxableIncomeAllowedToOffsetByNetOperatingLossCarryforwards
0.80 pure
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2307000
CY2016 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
241000
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1936746 shares
CY2016 us-gaap Adjustment For Amortization
AdjustmentForAmortization
983000
CY2016 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
4621000
CY2016 us-gaap Advertising Expense
AdvertisingExpense
955000
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2307000
CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6695000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
69000
CY2016 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
1189000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1000
CY2016 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
7000
CY2016 us-gaap Depreciation
Depreciation
1322000
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1116000
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.008 pure
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.63
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.373 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0.000 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.028 pure
CY2016 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
491000
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.63
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.002 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.032 pure
CY2016 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-10000
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2016 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
116000
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
13981000
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7675000
CY2016 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-10023000
CY2016 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-2581000
CY2016 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
394000
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2201000
CY2016 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
309000
CY2016 us-gaap Interest Expense
InterestExpense
63000
CY2016 us-gaap Increase Decrease In Accounts Payable
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-16000
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
504000
CY2016 us-gaap Gross Profit
GrossProfit
18518000
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
67000
CY2016 us-gaap Inventory Write Down
InventoryWriteDown
114000
CY2016 us-gaap Interest Expense Lessee Assets Under Capital Lease
InterestExpenseLesseeAssetsUnderCapitalLease
70000
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-482000
CY2016 us-gaap Interest Paid Net
InterestPaidNet
70000
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
10000
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
745000
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-53000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-355000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-862000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5478000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-10099000
CY2016 us-gaap Operating Expenses
OperatingExpenses
28488000
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-9970000
CY2016 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
10000
CY2016 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
12000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
337000
CY2016 us-gaap Payments To Acquire Businesses Gross
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6000
CY2016 us-gaap Proceeds From Issuance Of Common Stock
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0
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
198000
CY2016 us-gaap Profit Loss
ProfitLoss
-10099000
CY2016 us-gaap Repayments Of Long Term Capital Lease Obligations
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946000
CY2016 us-gaap Provision For Doubtful Accounts
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177000
CY2016 us-gaap Research And Development Expense
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9518000
CY2016 us-gaap Revenue From Contract With Customer Including Assessed Tax
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26338000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
2307000
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.62
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
198000
CY2016 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
10179000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
198567 shares
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
936000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
201000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
127500 shares
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.19
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.46
CY2016 us-gaap Standard Product Warranty Accrual Payments
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55000
CY2016 us-gaap Standard Product Warranty Accrual Warranties Issued
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47000
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-114000
CY2016 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
27299 shares
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
75583 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15932000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15932000 shares
CY2016 icad Amortization Of Settlement Obligations
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82000
CY2016 icad Taxes Paid Related To Restricted Stock Issuance
TaxesPaidRelatedToRestrictedStockIssuance
114000
CY2016 icad Amortization Accretion Of Discounts And Premiums
AmortizationAccretionOfDiscountsAndPremiums
-23000
CY2016 icad Capital Lease Fair Value Amortization
CapitalLeaseFairValueAmortization
89000
CY2016 icad Gain Loss From Acquisition Settlement
GainLossFromAcquisitionSettlement
249000
CY2016 icad General Administrative Depreciation And Amortization Expense
GeneralAdministrativeDepreciationAndAmortizationExpense
7912000
CY2016 icad Segment Operating Income Loss
SegmentOperatingIncomeLoss
-2058000
CY2016 icad Effective Income Tax Rate Reconciliation Accrual To Trade Receivable
EffectiveIncomeTaxRateReconciliationAccrualToTradeReceivable
0.000 pure
CY2016 icad Effective Income Tax Rate Reconciliation Deductions Sharebased Compensation Cost Percent
EffectiveIncomeTaxRateReconciliationDeductionsSharebasedCompensationCostPercent
0.032 pure
CY2016 icad Effective Income Tax Rate Reconciliation Amortization On Goodwill Adjustments Percent
EffectiveIncomeTaxRateReconciliationAmortizationOnGoodwillAdjustmentsPercent
-0.001 pure
CY2018Q2 us-gaap Gross Profit
GrossProfit
4784000
CY2016 icad Effective Income Tax Rate Reconciliation Non Deductible Expense Other Permanent Differences
EffectiveIncomeTaxRateReconciliationNonDeductibleExpenseOtherPermanentDifferences
-0.004 pure
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
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-0.03
CY2017Q1 us-gaap Gross Profit
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4689000
CY2017Q1 us-gaap Net Income Loss
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CY2017Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6791000
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16135000 shares
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
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-0.20
CY2018Q1 us-gaap Gross Profit
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4498000
CY2018Q1 us-gaap Net Income Loss
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-3281000
CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6313000
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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16583000 shares
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
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-0.16
CY2017Q2 us-gaap Gross Profit
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4503000
CY2017Q2 us-gaap Net Income Loss
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-2631000
CY2017Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6409000
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16310000 shares
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
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-1027000
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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6162000
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16664000 shares
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.42
CY2017Q3 us-gaap Gross Profit
GrossProfit
4643000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-6933000
CY2017Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
7000000
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16424000 shares
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
CY2018Q3 us-gaap Gross Profit
GrossProfit
4738000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-1365000
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6192000
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16700000 shares
CY2017Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.26
CY2017Q4 us-gaap Gross Profit
GrossProfit
4341000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-4235000
CY2017Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
7902000
CY2017Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16501000 shares
CY2018Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.20
CY2018Q4 us-gaap Gross Profit
GrossProfit
5410000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-3344000
CY2018Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6954000
CY2018Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16774000 shares

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