UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

      Date of report (Date of earliest event reported)       March 2, 2005
                                                       -------------------------


                                   iCAD, INC.
--------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)


                                    Delaware
--------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)


               1-9341                                      02-0377419
--------------------------------------------------------------------------------
      (Commission File Number)                 (IRS Employer Identification No.)


4 Townsend West, Suite 17, Nashua, New Hampshire                03063
--------------------------------------------------------------------------------
    (Address of Principal Executive Offices)                 (Zip Code)


                                 (603) 882-5200
--------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)


--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

      Check the  appropriate  box below if the Form 8-K  filing is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

      |_| Written  communications  pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

      |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

      |_|  Pre-commencement  communications  pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

      |_|  Pre-commencement  communications  pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
<PAGE>

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

      On March  2,  2005  iCAD,  Inc.  (the  "Company")  issued a press  release
announcing  its financial  results for the fourth fiscal  quarter and the fiscal
year ended December 31, 2004. A copy of the Company's  press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.

                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                              iCAD, INC.
                                              (Registrant)


                                              By: /s/ Annette Heroux
                                                 -------------------------------
                                                 Annette Heroux
                                                 Vice President of Finance,
                                                 Chief Financial Officer

Date:  March 7, 2005
<PAGE>

                                  EXHIBIT INDEX

Exhibit No.       Description of Document
-----------       -----------------------
99.1              Press  Release of iCAD,  Inc.  dated March 2, 2005  announcing
                  financial results for the fourth fiscal quarter and the fiscal
                  year ended December 31, 2004.
{"company-data": {"conformed-name": "ICAD INC", "cik": "0000749660", "assigned-sic": "3577", "irs-number": "020377419", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09341", "film-number": "05664253"}, "business-address": {"street1": "4 TOWNSEND WEST, SUITE 17", "city": "NASHUA", "state": "NH", "zip": "03063", "phone": "603-882-5200"}, "mail-address": {"street1": "4 TOWNSEND WEST, SUITE 17", "city": "NASHUA", "state": "NH", "zip": "03063"}, "former-company": {"former-conformed-name": "HOWTEK INC", "date-changed": "19920703"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

      Date of report (Date of earliest event reported)       March 2, 2005
                                                       -------------------------

                                   iCAD, INC.
--------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

                                    Delaware
--------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

               1-9341                                      02-0377419
--------------------------------------------------------------------------------
      (Commission File Number)                 (IRS Employer Identification No.)

4 Townsend West, Suite 17, Nashua, New Hampshire                03063
--------------------------------------------------------------------------------
    (Address of Principal Executive Offices)                 (Zip Code)

                                 (603) 882-5200
--------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

      Check the  appropriate  box below if the Form 8-K  filing is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

      |_| Written  communications  pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

      |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

      |_|  Pre-commencement  communications  pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

      |_|  Pre-commencement  communications  pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

      On March  2,  2005  iCAD,  Inc.  (the  "Company")  issued a press  release
announcing  its financial  results for the fourth fiscal  quarter and the fiscal
year ended December 31, 2004. A copy of the Company's  press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.

                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                              iCAD, INC.
                                              (Registrant)

                                              By: /s/ Annette Heroux
                                                 -------------------------------
                                                 Annette Heroux
                                                 Vice President of Finance,
                                                 Chief Financial Officer

Date:  March 7, 2005
EXHIBIT INDEX

Exhibit No.       Description of Document
-----------       -----------------------
99.1              Press  Release of iCAD,  Inc.  dated March 2, 2005  announcing
                  financial results for the fourth fiscal quarter and the fiscal
                  year ended December 31, 2004.