iRhythm Technologies, Inc. (IRTC) Financials

NASDAQ:IRTC

Market Cap

2.86B

Total Revenue

410.92M

Gross Profit

281.63M

Operating Income

-87.18M

Net Income

-116.16M

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	21,749,000	36,140,000	64,072,000	98,509,000	147,293,000	214,552,000	265,166,000	322,825,000	410,921,000
costOfRevenue	10,591,000	14,700,000	20,883,000	27,708,000	38,579,000	52,485,000	70,277,000	109,258,000	129,289,000
grossProfit	11,158,000	21,440,000	43,189,000	70,801,000	108,714,000	162,067,000	194,889,000	213,567,000	281,632,000
researchAndDevelopmentExpenses	5,698,000	6,349,000	7,150,000	13,335,000	20,750,000	37,299,000	41,329,000	38,671,000	46,610,000
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	--	--	51,621,000	84,737,000	131,582,000	--	--	--	--
sellingGeneralAndAdministrativeExpenses	20,225,000	36,722,000	51,621,000	84,737,000	131,582,000	179,523,000	197,233,000	274,839,000	322,198,000
operatingExpenses	25,923,000	43,071,000	58,771,000	98,072,000	152,332,000	216,822,000	238,562,000	313,510,000	368,808,000
operatingIncome	-14,765,000	-21,631,000	-15,582,000	-27,271,000	-43,618,000	-54,755,000	-43,673,000	-99,943,000	-87,176,000
totalOtherIncomeExpensesNet	-293,000	-109,000	-2,073,000	1,237,000	-1,503,000	252,000	72,000	-1,051,000	-28,710,000
ebitda	-14,816,000	-21,248,000	-17,655,000	-26,034,000	-42,092,000	-52,860,000	-42,082,000	-99,825,000	-85,140,000
depreciationAndAmortization	242,000	492,000	568,000	1,597,000	2,269,000	1,895,000	1,591,000	118,000	2,036,000
interestIncome	--	--	--	--	--	--	--	--	--
interestExpense	774,000	1,059,000	3,248,000	3,386,000	3,115,000	1,643,000	1,519,000	1,169,000	4,138,000
incomeBeforeTax	-15,832,000	-22,799,000	-20,903,000	-29,420,000	-48,236,000	-54,503,000	-43,601,000	-100,994,000	-115,886,000
incomeTaxExpense	481,000	950,000	607,000	3,026,000	44,000	65,000	229,000	367,000	269,000
netIncome	-15,832,000	-22,799,000	-20,903,000	-29,420,000	-48,280,000	-54,568,000	-43,830,000	-101,361,000	-116,155,000
eps	-1.07	-1.54	-3.95	-1.3	-2.02	-2.16	-1.58	-3.46	-3.88
epsdiluted	-1.07	-1.54	-3.95	-1.3	-2.02	-2.16	-1.58	-3.46	-3.88
weightedAverageShsOut	14,768,259	14,768,259	5,285,847	22,627,327	23,885,858	25,265,918	27,754,404	29,331,010	29,915,720
weightedAverageShsOutDil	14,768,259	14,768,259	5,285,847	22,627,327	23,885,858	25,265,918	27,754,404	29,331,010	29,915,720
costAndExpenses	36,514,000	57,771,000	79,654,000	125,780,000	190,911,000	269,307,000	308,839,000	422,768,000	498,097,000
otherExpenses	-293,000	-109,000	-2,073,000	1,237,000	1,526,000	1,895,000	1,591,000	118,000	2,036,000

Key Facts

Industry

Medical Devices

Sector

Healthcare

Headquarters

San Francisco, CA, US

Website

irhythmtech.com

CEO

Mr. Quentin S. Blackford

Employees

1793

About the Company

iRhythm Technologies, Inc., a digital healthcare company, provides ambulatory electrocardiogram (ECG) monitoring products for patients at risk for arrhythmias in the United States. It offers Zio service, an ambulatory cardiac monitoring solution that combines a wire-free, patch-based, and wearable biosensor with a cloud-based data analytic platform to help physicians to monitor patients and diagnose arrhythmias. The company's Zio XT and AT monitors, a single-use, wire-free, and wearable patch-based biosensors, records patient's heartbeats and ECG data. It has a development collaboration agreement with Verily Life Sciences LLC to develop various next-generation atrial fibrillation screening, detection, or monitoring products. The company was incorporated in 2006 and is headquartered in San Francisco, California.