iRhythm Q4 rev $132.5M (+17.7% YoY); net loss $38.7M; FY2024 guidance $575-585M

iRhythm Holdings, Inc.

2023-FY EPS reported -$4.04 revenue$492,681,000

Revenue $132.5M in Q4 2023, up 17.7% YoY; full-year revenue $492.7M, up 19.9%.
Net loss Q4 $38.7M ($1.26 diluted EPS), widened from $20.2M loss a year ago; FY loss $123.4M.
Gross margin fell to 66.0% in Q4 from 69.9% YoY, due to scaling costs and Zio monitor launch.
Adjusted EBITDA Q4 $2.4M (improved $1.3M); FY adjusted EBITDA -$4.9M, improved $6.4M.
FY2024 guidance: revenue ~$575-585M, gross margin 68-69%, adj. EBITDA margin 3-4%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

iRhythm Holdings, Inc. updated its the fourth quarter and full year ended December 31, 2023 guidance (initiated).

Period: the fourth quarter and full year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On February 22, 2024, iRhythm Technologies, Inc. issued a press release regarding its financial results for the fourth quarter and full year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001388658-24-000013

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