secwatch.observer — SEC 8-K summary
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Issuer:     iRhythm Holdings, Inc. (IRTC)
CIK:        0001388658
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001388658-24-000096
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iRhythm Q1 revenue $131.9M (+18.4% YoY); net loss widens to $45.7M; raises FY revenue guidance to $578-588M
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- Revenue $131.9M (+18.4% YoY); gross margin 66.3% (down 160 bps YoY).
- Net loss $45.7M ($1.47/share) vs $39.1M ($1.29) YoY; adjusted loss $38.1M ($1.23) vs $33.4M ($1.10).
- FY2024 revenue guidance raised to $578-588M (17-19% growth); gross margin 68-69%, adj. EBITDA margin 3-4%.
- Over 500K registrations in Q1; announced Epic Aura collaboration for EMR integration; heart failure prediction data presented at ACC.
- Unrestricted cash, equivalents, and marketable securities $569.1M as of March 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1388658/000138865824000096/0001388658-24-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1388658/000138865824000096/irtc-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001388658-24-000096

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