secwatch.observer — SEC 8-K summary
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Issuer:     iRhythm Holdings, Inc. (IRTC)
CIK:        0001388658
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001388658-24-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1388658/000138865824000013/0001388658-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1388658/000138865824000013/irtc-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001388658-24-000013

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