IRTC Q1 2022 Earnings — iRhythm Technologies, Inc. Revenue & Financial Results | Market Cap Arena

IRTCiRhythm Technologies, Inc.

$4B

Q1 2022 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$92M+24.3% YoY

Gross Profit

$62M66.9% margin

Operating Income

-$49M-52.6% margin

Net Income

-$51M-54.8% margin

EPS (Diluted)

$-1.71

QoQ Revenue Growth

+12.9%

Cash Flow

Operating Cash Flow

-$39M

Free Cash Flow

-$44M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$429M

Total Liabilities

$184M

Stockholders' Equity

$245M

Cash & Equivalents

$95M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$92M	$74M	+24.3%
Gross Profit	$62M	$51M	+21.4%
Operating Income	-$49M	-$27M	-76.7%
Net Income	-$51M	-$28M	-82.2%

Revenue Segments

Commercial Payors

$52M56%

Centers For Medicare And Medicaid

$20M22%

Healthcare Institutions

$15M16%

Non-Contracted Third-Party Payors

$5M6%