secwatch.observer — SEC 8-K summary
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Issuer:     iRhythm Holdings, Inc. (IRTC)
CIK:        0001388658
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001388658-23-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iRhythm Q4 revenue $112.6M (+37.7% YoY); adjusted EBITDA positive $1.1M; guides 2023 rev $475-485M
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- Q4 revenue $112.6M (+37.7% YoY); gross margin 69.9% (up 720 bps); net loss $20.2M ($0.67 loss per share) vs $32.5M loss in Q4 2021.
- Q4 adjusted EBITDA $1.1M, first positive quarter; full year adjusted EBITDA -$11.3M, improvement of $24.4M YoY.
- Full year 2022 revenue $410.9M (+27.3% YoY); net loss $116.2M ($3.88 loss per share) vs $101.4M loss in 2021.
- 2023 guidance: revenue $475-485M (16-18% growth); gross margin 69-70%; adjusted EBITDA margin -0.5% to 0.5%.
- Operational: CMS Final Rule with national CPT rates; FDA clearance for ZEUS system update; health economic data presented at AHA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1388658/000138865823000006/0001388658-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1388658/000138865823000006/irtc-20230223.htm
  HTML page:      https://secwatch.observer/filing/0001388658-23-000006

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