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Stock impact report

iRhythm Technologies Announces First Quarter 2022 Financial Results

iRhythm Technologies, Inc. (IRTC) 
Last irhythm technologies, inc. earnings: 2/27 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.irhythmtech.com
Company Research Source: GlobeNewswire
SAN FRANCISCO, May 05, 2022 (GLOBE NEWSWIRE) -- iRhythm Technologies, Inc. (NASDAQ: IRTC), a leading digital healthcare solutions company focused on the advancement of cardiac care, today reported financial results for the three months ended March 31, 2022. First Quarter 2022 Financial Highlights Revenue of $92.4 million, a 24.3% increase compared to first quarter 2021Gross margin of 66.9%, a 4.2 percentage point improvement compared to fourth quarter 2021Adjusted EBITDA* loss of $4.8 million, a $12.5 million improvement compared to fourth quarter 2021Cash and short-term investments of $208.8 million at March 31, 2022, a $30.3 million decline from December 31, 2021Amended debt facility with non-dilutive term loan of up to $75 million and a revolving credit facility of up to $25 million with a maturity date of March 1, 2027 *Refer to adjusted EBITDA reconciliation table below. Recent Operational Highlights Updated reimbursement rates that impact Zio XT for CPT codes 93243 and 93 Show less Read more
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