secwatch.observer — SEC 8-K summary
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Issuer:     iRhythm Holdings, Inc. (IRTC)
CIK:        0001388658
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001388658-23-000145
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iRhythm Q3 2023 revenue $124.6M (+20% YoY); raises FY2023 guidance to $487.5M-$490M
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- Revenue $124.6M (+20% YoY); net loss $27.1M ($0.89/share) vs $21.5M loss in prior year.
- Gross margin 66.2%, down 210 bps due to reserves for excess Zio XT PCBA components.
- Record registration volumes; launched next-generation Zio monitor with enhanced features.
- FY2023 revenue guidance raised to $487.5M-$490M (~19% YoY growth); adj. EBITDA margin ~0%-0.5%.
- Cash and marketable securities $158.5M as of Sept 30, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1388658/000138865823000145/0001388658-23-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1388658/000138865823000145/irtc-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001388658-23-000145

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