secwatch.observer — SEC 8-K summary
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Issuer:     iRhythm Holdings, Inc. (IRTC)
CIK:        0001388658
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001388658-22-000149
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iRhythm Q3 revenue $103.9M (+21.6% YoY); cuts FY22 revenue guidance to $407-411M
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- Revenue $103.9M (+21.6% YoY); net loss $21.5M ($0.71/sh) vs $23.7M loss in Q3 2021.
- Gross margin 68.3%, up 2.6pp from 65.7% in Q3 2021.
- FY22 revenue guidance lowered to $407-411M from prior $415-420M (approx 26-27% YoY growth).
- Adjusted EBITDA guidance improved to -$10 to -$12M from prior -$12.5 to -$17.5M; adjusted opex guidance $360-365M.
- Registration volumes +22% YoY; highest daily registrations at Sept end; cited softness in returned devices persisting into Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1388658/000138865822000149/0001388658-22-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1388658/000138865822000149/irtc-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001388658-22-000149

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