IRTC Q1 2023 Earnings — iRhythm Technologies, Inc. Revenue & Financial Results | Market Cap Arena

IRTCiRhythm Technologies, Inc.

$4B

Q1 2023 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$111M+20.6% YoY

Gross Profit

$76M67.9% margin

Operating Income

-$40M-35.4% margin

Net Income

-$39M-35.1% margin

EPS (Diluted)

$-1.29

QoQ Revenue Growth

-1.0%

Cash Flow

Operating Cash Flow

-$31M

Free Cash Flow

-$39M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$422M

Total Liabilities

$200M

Stockholders' Equity

$222M

Cash & Equivalents

$53M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$111M	$92M	+20.6%
Gross Profit	$76M	$62M	+22.5%
Operating Income	-$40M	-$49M	+18.6%
Net Income	-$39M	-$51M	+22.7%

Revenue Segments

Commercial Payors

$62M56%

Centers For Medicare And Medicaid

$26M24%

Healthcare Institutions

$16M14%

Non-Contracted Third-Party Payors

$7M7%