iRhythm jumps after 1Q revenue beat and above consensus guidance [Seeking Alpha]
iRhythm Technologies, Inc. (IRTC)
Last irhythm technologies, inc. earnings: 2/27 04:05 pm
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Source: Seeking Alpha
iRhythm jumps after 1Q revenue beat and above consensus guidanceMay 06, 2022 6:54 AM ETiRhythm Technologies, Inc. (IRTC)By:Dulan LokuwithanaSA News EditorCharlieAJA/iStock via Getty ImagesThe shares of iRhythm Technologies (NASDAQ:added ~23%after the maker of ECG monitoring products delivered better than expected 1Q 2022 financials and set its 2022outlook ahead of the consensus.Driven by Zio XT and AT volume growth and increases in Medicare pricing, revenue for the quarter jumped ~24% YoY to $92.4M. That indicated a significant topline performance after the company reported ~60% YoY growth in 2Q 2021 following a contraction in the year-ago quarter.However, the gross margin for the period slipped to ~67% from ~68% in 1Q 2021, given the higher costs related to expanding capacity. Meanwhile, the operating expenses jumped ~41% YoY to $110.3M following one-off impairment and restructuring charges worth $26.6M.Net loss climbed ~82% YoY to $50.6M, and cash, cash equivalents, and short-term i
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- What Makes iRhythm Technologies (IRTC) a Lucrative Investment? [Yahoo! Finance]Yahoo! Finance
- iRhythm Technologies to Report First Quarter 2024 Financial Results on May 2, 2024GlobeNewswire
- Investors who lost money on iRhythm Technologies, Inc.(IRTC) should contact Levi & Korsinsky about pending Class Action - IRTCAccesswire
- iRhythm Technologies, Inc. investors: Please contact the Portnoy Law Firm to recover your losses; April 8, 2024 deadlineGlobeNewswire
- Levi & Korsinsky Notifies iRhythm Technologies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - IRTCAccesswire
IRTC
Earnings
- 2/22/24 - Miss
IRTC
Sec Filings
- 4/15/24 - Form 4/A
- 4/15/24 - Form 4/A
- 4/11/24 - Form ARS
- IRTC's page on the SEC website