Ra Medical Systems (RMED) Stock Price

Ra Medical Systems Price

Delisted

Revenue at Ra Medical Systems has contracted by 63.6% per year over the past 6 years to 14,000.00 USD. For Ra Medical Systems, the net margin of -191,892.9% is down versus -492.5% a few years ago. Of 7 analysts, 6 rate the stock a buy — an overall Buy consensus.

Ra Medical Systems stock price

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Stock Price

How to Read This Chart

This chart tracks the historical stock price of Ra Medical Systems over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Ra Medical Systems stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Ra Medical Systems's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Ra Medical Systems Stock Price History
DateRa Medical Systems Price
Access this data via the Eulerpool API

Ra Medical Systems Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
1.27 M USD
-52.61 M USD
-56.96 M USD
Jan 1, 2020
259,000.00 USD
-35.40 M USD
-36.05 M USD
Jan 1, 2021
22,000.00 USD
-29.27 M USD
-25.07 M USD
Jan 1, 2022
14,000.00 USD
-22.79 M USD
-26.87 M USD
Jan 1, 2023 (e)
1.97 M USD
-72.73 M USD
-667.82 M USD
Jan 1, 2024 (e)
8.81 M USD
-3.30 M USD
-17.24 M USD
Jan 1, 2025 (e)
21.29 M USD
4.12 M USD
16.13 M USD
Jan 1, 2026 (e)
2.06 B USD
-21.75 M USD
-1.44 B USD

Ra Medical Systems Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 22, 2026, 11:43 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
EBITM USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
SHARESM
20162017201820192020202120222023e2024e2025e2026e
0.010.010.010.010.022.06
20.00-83.33700.00162.509,685.71
40.0020.0033.33-200.00-100.00-12.50-4.76-0.05
2.001.002.00-2.00-1.00-1.00-1.00-1.00-1.00-1.00-1.00
-4.00-17.00-31.00-52.00-35.00-29.00-22.00-72.00-3.004.00-21.00
-80.00-340.00-516.67-5,200.00-7,200.00-37.5019.05-1.02
-0.02-0.03-0.06-0.04-0.03-0.03-0.67-0.020.02-1.44
325.0076.4786.67-35.71-30.564.002,465.38-97.45-194.12-9,081.25
0.460.460.370.010.030.101.031.031.031.031.03
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Ra Medical Systems generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Ra Medical Systems retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Ra Medical Systems's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Ra Medical Systems has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Ra Medical Systems's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Ra Medical Systems stock margins

The Ra Medical Systems margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Ra Medical Systems. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Ra Medical Systems.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2018
32.75 %
-497.76 %
-492.49 %
Jan 1, 2019
-224.67 %
-4,132.52 %
-4,474.23 %
Jan 1, 2020
-738.61 %
-13,668.34 %
-13,916.99 %
Jan 1, 2021
-6,990.91 %
-133,027.28 %
-113,954.54 %
Jan 1, 2022
-1,050.00 %
-162,778.56 %
-191,892.85 %
Jan 1, 2023 (e)
-1,050.00 %
-3,693.55 %
-33,916.57 %
Jan 1, 2024 (e)
-1,050.00 %
-37.50 %
-195.59 %
Jan 1, 2025 (e)
-1,050.00 %
19.36 %
75.75 %

Ra Medical Systems Stock Revenue, EBIT, Earnings per Share

The Ra Medical Systems earnings per share therefore indicates how much revenue Ra Medical Systems has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2018
16.92 USD
-84.22 USD
-83.32 USD
Jan 1, 2019
121.01 USD
-5,000.67 USD
-5,414.16 USD
Jan 1, 2020
7.62 USD
-1,041.82 USD
-1,060.77 USD
Jan 1, 2021
0.22 USD
-289.48 USD
-247.97 USD
Jan 1, 2022
0.01 USD
-22.04 USD
-25.98 USD
Jan 1, 2023 (e)
0.04 USD
-70.33 USD
-12.25 USD
Jan 1, 2024 (e)
0.16 USD
-3.20 USD
-0.32 USD
Jan 1, 2025 (e)
0.39 USD
3.99 USD
0.30 USD

Ra Medical Systems business model & stock analysis

Ra Medical Systems Inc. is a California-based company specializing in the development and sale of medical devices for the treatment of vascular diseases. The company was founded in 2002 and is headquartered in Carlsbad. The company was founded by Dr. Dean Irwin and Dr. Melissa Burstein, both experts in laser therapy. The company initially focused on developing laser systems for the treatment of skin diseases. In 2016, the company changed its business strategy and shifted its focus to the development of medical devices for the treatment of vascular diseases. Since then, the company has become a leading provider of devices for the treatment of peripheral artery occlusive disease (PAOD) and other vascular diseases. The business model of Ra Medical Systems Inc. is based on selling high-tech medical devices and their corresponding accessories. The company sells its products directly to medical facilities and healthcare providers in the US and some international markets. The company also provides training, technical support, and service to ensure the safe and effective use of its products. Ra Medical Systems Inc. offers two main products: the DABRA™ System and the Pharos™ System. Both systems use pulsed laser therapy for the treatment of vascular diseases. The DABRA™ System is a laser system specifically designed for the treatment of peripheral artery occlusive disease (PAOD). It is the only FDA-approved system that offers atherectomy laser therapy. The system enables fast and safe treatment of blocked arteries and is less invasive than traditional surgical procedures. The DABRA™ System also has the potential to reduce the need for long-term medication and repeated procedures, which can lower treatment costs. The Pharos™ System is a laser system specifically designed for the treatment of skin diseases such as psoriasis, vitiligo, and atopic dermatitis. The system uses a high-energy dose to selectively destroy abnormal functioning tissue without affecting surrounding tissue. The Pharos™ System has the potential to improve the quality of life for patients with skin diseases and expand therapeutic options for this patient group. Ra Medical Systems Inc. also offers a complete accessory catalog for its products, including catheters and accessories for the DABRA™ System and handpieces and cooling devices for the Pharos™ System. In conclusion, Ra Medical Systems Inc. is a leading provider of medical devices for the treatment of vascular diseases and skin diseases. The company specializes in the development of high-tech laser systems that provide safe and effective procedures for patients and doctors. The DABRA™ System is a revolutionary laser system for the treatment of PAOD that has the potential to reduce the need for invasive surgical procedures and long-term medication. The Pharos™ System expands therapeutic options for patients with skin diseases and has the potential to improve the quality of life for this patient group.

Ra Medical Systems SWOT Analysis

Strengths

One of Ra Medical Systems Inc's key strengths is its innovative and advanced medical technology, which enables the company to offer effective and minimally invasive treatment solutions to patients.

The company's strong research and development capabilities allow it to continuously improve its products and stay ahead of competitors in the market.

Ra Medical Systems Inc has established a solid reputation within the medical industry, which enhances its brand image and fosters trust among healthcare professionals.

Weaknesses

One of the weaknesses Ra Medical Systems Inc faces is its limited market presence, particularly in comparison to larger and more established competitors.

The company may face challenges in terms of scaling up its operations and distribution network to meet increasing demand.

Ra Medical Systems Inc lacks the financial resources of larger competitors, which could limit its ability to invest in marketing and expanding market reach.

Opportunities

The growing demand for minimally invasive treatment options presents an opportunity for Ra Medical Systems Inc to expand its market share.

As healthcare regulations and policies evolve, the company can capitalize on government initiatives that promote the adoption of advanced medical technologies.

Expansion into new geographical markets, both domestically and internationally, can significantly increase the company's revenue and customer base.

Threats

Intense competition within the medical technology industry poses a threat to Ra Medical Systems Inc, as larger and more established companies have greater resources and market reach.

Changing reimbursement policies by insurance providers and government healthcare programs can negatively impact the company's profitability and market access.

Rapid technological advancements in the industry could render Ra Medical Systems Inc's current products obsolete or less competitive.

Ra Medical Systems Segments

Ra Medical Systems Revenue by Segment (1/2)

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Service and Other
Product
Product Sales
Details
Date
Service and Other
Product
Product Sales
Jan 1, 2018
3.10 M USD
0.00 USD
3.16 M USD
Jan 1, 2019
3.34 M USD
0.00 USD
3.86 M USD
Jan 1, 2020
3.00 M USD
0.00 USD
1.41 M USD
Jan 1, 2021
0.00 USD
0.00 USD
22,000.00 USD
Jan 1, 2024
0.00 USD
420,000.00 USD
0.00 USD

Ra Medical Systems Revenue by Segment (2/2)

  • Max

Software Upgrade Services
Details
Date
Software Upgrade Services
Jan 1, 2018
0.00 USD
Jan 1, 2019
0.00 USD
Jan 1, 2020
0.00 USD
Jan 1, 2021
0.00 USD
Jan 1, 2024
0.00 USD

Ra Medical Systems Revenue by Region

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United States
Europe
Details
Date
United States
Europe
Jan 1, 2024
278,000.00 USD
142,000.00 USD

Ra Medical Systems Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Ra Medical Systems historical P/E ratio, EBIT multiple, and P/S ratio

Ra Medical Systems annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Ra Medical Systems shares outstanding

The number of shares of Ra Medical Systems was 1.03 M in 2025. This indicates how many shares Ra Medical Systems is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2018
370,000.00 Stocks
Jan 1, 2019
10,520.00 Stocks
Jan 1, 2020
33,980.00 Stocks
Jan 1, 2021
101,100.00 Stocks
Jan 1, 2022
1.03 M Stocks
Jan 1, 2023 (e)
1.03 M Stocks
Jan 1, 2024 (e)
1.03 M Stocks
Jan 1, 2025 (e)
1.03 M Stocks

Ra Medical Systems stock splits

In Ra Medical Systems's history, there have been no stock splits.

Current Ra Medical Systems forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
85.71 % (6)
Hold
14.29 % (1)
Sell
0.00 % (0)
12M Price Target
7.14
Last Price
0.00
Currency
USD
12M Return Potential
0 %
LTM Return
0 %

Ra Medical Systems Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/31/2024-0.14USD-1.24 MUSD-2024 Q1
8/14/2023-0.10USD-0.00USD-2023 Q2
11/14/2022-8.16USD-0.00USD-2022 Q3

Ra Medical Systems shareholder structure

% Name
0.03382%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.03136%
Citadel Advisors LLC
Citadel Advisors LLC
0.02839%
Goldman Sachs & Company, Inc.
Goldman Sachs & Company, Inc.
0.02471%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
0.01478%
Morgan Stanley & Co. LLC
Morgan Stanley & Co. LLC
0.00948%
UBS Financial Services, Inc.
UBS Financial Services, Inc.

Frequently asked questions about Ra Medical Systems

Ra Medical Systems Inc. operates as a medical device company that develops and markets excimer lasers for use in the treatment of various dermatological and cardiovascular conditions. The business model of Ra Medical Systems Inc. revolves around providing innovative laser technology solutions to healthcare professionals and institutions worldwide. With a focus on delivering safe, effective, and cost-efficient treatments, the company aims to address the needs of patients suffering from chronic skin diseases and cardiovascular disorders. By developing cutting-edge laser systems and partnering with healthcare providers, Ra Medical Systems Inc. strives to improve medical outcomes and enhance patient care within the medical community.

Ra Medical Systems Inc is primarily active in the medical equipment industry.

The main competitors of Ra Medical Systems Inc in the market include companies such as AngioDynamics, Inc., AngioSculpt, Biolitec AG, Cardiovascular Systems, Inc., and Medtronic Plc.

Ra Medical Systems Inc is a medical device company based in California. Established in 2002, Ra Medical Systems specializes in the development, manufacturing, and commercialization of excimer lasers for the treatment of a wide range of dermatologic and cardiovascular conditions. The company's flagship product, Pharos, is an advanced excimer laser system designed for the therapy of psoriasis, vitiligo, and other skin disorders. Ra Medical Systems has a strong commitment to innovation and patient safety, continuously striving to provide effective and minimally invasive treatment options for patients worldwide. With its cutting-edge technology, Ra Medical Systems Inc has emerged as a prominent player in the medical industry.

Ra Medical Systems Inc, a leading medical technology company, has achieved several significant milestones. Firstly, the company developed and launched the ground-breaking excimer laser system, Pharos, which revolutionized the treatment of chronic skin diseases with its targeted UVB phototherapy. Secondly, Ra Medical Systems received clearance from the U.S. FDA for its excimer laser system in 2004, opening new avenues for providing effective and safe treatment options. Moreover, in 2017, the company achieved ISO 13485 certification, showcasing its commitment to maintaining high-quality standards in the manufacturing of medical devices. These milestones highlight Ra Medical Systems Inc's commitment to innovation and improving patient outcomes in the field of dermatology.

Ra Medical Systems Inc is primarily present in the United States.

Ra Medical Systems Inc represents values of innovation, quality, and patient care. The company is committed to delivering advanced medical technologies that improve the lives of patients worldwide. With a strong corporate philosophy centered on enhancing treatment options, Ra Medical Systems Inc focuses on developing and commercializing innovative solutions for vascular and dermatological diseases. By prioritizing research and development, the company aims to provide physicians with effective, safe, and minimally invasive treatment options. Through its dedication to excellence and commitment to patient outcomes, Ra Medical Systems Inc strives to be a leader in the field of medical technology, delivering cutting-edge solutions that make a meaningful difference in people's lives.

7 analysts currently rate the Ra Medical Systems stock: 6 recommend buying, 1 holding and 0 selling.

Ra Medical Systems Inc is a US-American company specialized in the development and marketing of innovative technologies for the treatment of vascular diseases. The company has been active since 2002 and is headquartered in Carlsbad, California. Its product range includes the DABRA system and the Pharos system. The DABRA system is a commercially available laser ablation system for the treatment of peripheral atherosclerotic lesions in the arteries. The Pharos system is a non-invasive laser device for the treatment of cutaneous lesions such as psoriasis or vitiligo. The company earns its money through the sale of its medical devices to private clinics and medical facilities domestically and internationally. It also generates revenue through ongoing maintenance and support of its devices. Ra Medical Systems operates its own research and development department specializing in the development of new technologies for the diagnosis and treatment of vascular diseases. The company focuses on developing technologies that offer higher effectiveness and lower risk for patients compared to conventional methods. With a strong distribution network and a presence at international trade shows, Ra Medical Systems is well-positioned to continue operating successfully in the market.

The revenue cannot currently be calculated for Ra Medical Systems.

The profit cannot currently be calculated for Ra Medical Systems.

The P/E ratio cannot be calculated for Ra Medical Systems at the moment.

The P/S cannot be calculated for Ra Medical Systems currently.

The Eulerpool Quality Score for Ra Medical Systems is 2/10.

The ISIN of Ra Medical Systems is US74933X2036. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Ra Medical Systems is A2QJCG. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Ra Medical Systems is RMED. The ticker symbol is used to trade Ra Medical Systems shares on the stock exchange.

Ra Medical Systems is assigned to the 'Health' sector.

The dividends of Ra Medical Systems are distributed in USD.

All fundamentals and in-depth analysis of Ra Medical Systems

Our stock analysis for Ra Medical Systems stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Ra Medical Systems. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.