secwatch.observer — SEC 8-K summary
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Issuer:     iRhythm Holdings, Inc. (IRTC)
CIK:        0001388658
Form:       8-K
Filed at:   2022-09-21T23:59:59+00:00
Accession:  0001388658-22-000142
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iRhythm sets $1B revenue target by 2027, reaffirms FY2022 guidance, targets 15% EBITDA margin
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- Reaffirms FY2022 guidance: revenue $415-420M (29-30% growth), gross margin 68-69%, adjusted EBITDA loss $12.5-17.5M.
- Sets 2027 goals: $1B+ revenue (~20% CAGR), gross margin ~73%, adjusted EBITDA margin ~15%.
- Plans international expansion to 7 countries; introduces Know Your Rhythm early detection program with Heartbeat Health.
- Targets $250M annual gross savings by 2027; expects continued innovation with Zio Monitor and ZEUS system.
- Core business driven by cardiology and PCP expansion; served 4M patients with 30% revenue CAGR over 5 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1388658/000138865822000142/0001388658-22-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1388658/000138865822000142/irtc-20220921.htm
  HTML page:      https://secwatch.observer/filing/0001388658-22-000142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer