iRhythm Technologies Inc

IRTC

Equity

ISIN null / Valor 34117792

NASDAQ (2025-11-21)

USD 177.82+4.78%

iRhythm Technologies Inc
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About company

iRhythm Technologies Inc is a prominent digital healthcare company known for its innovative solutions in disease detection, prediction, and prevention. The company utilizes wearable biosensors and cloud-based data analytics, along with proprietary algorithms, to analyze data from millions of heartbeats and provide clinically actionable information. One of its key offerings is the Zio service, which is a comprehensive ambulatory cardiac monitoring solution featuring single-use monitors that are patient-friendly and supported by clinical evidence.

Summarized from source with an LLMView SourceSector: Healthcare

Revenue Growth

Revenue for Q4 2024 reached $164.3 million, marking a 24.0% increase from $132.5 million in Q4 2023. This growth was primarily driven by higher volumes of Zio Services due to increased demand across all customer channels.

Improved Gross Margin

The gross margin surged to 70.0% in Q4 2024, up from 66.0% in Q4 2023. This improvement reflects operational efficiencies that reduced costs per unit while serving a higher volume of patients.

Reduced Net Loss

Net loss for the fourth quarter narrowed to $1.3 million, a significant improvement from a net loss of $38.7 million in Q4 2023. This improvement was driven by increased revenue and reduced operating expenses.

Adjusted EBITDA Enhancement

Adjusted EBITDA for Q4 2024 was $19.3 million, representing a $16.9 million improvement compared to Q4 2023. This highlights the company's progress in achieving operational profitability.

Strong Cash Position

As of December 31, 2024, iRhythm Technologies Inc maintained a healthy cash, cash equivalents, and marketable securities balance of $535.6 million, reflecting a $13.6 million increase from September 30, 2024.

Summarized from source with an LLMView Source

Key figures

141%1Y

75.6%3Y

-20.8%5Y

Performance

47.1%1Y

51.0%3Y

69.5%5Y

Volatility