IRTC Q1 2024 Earnings — iRhythm Technologies, Inc. Revenue & Financial Results | Market Cap Arena

IRTCiRhythm Technologies, Inc.

$4B

Q1 2024 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$132M+18.4% YoY

Gross Profit

$88M66.3% margin

Operating Income

-$38M-28.9% margin

Net Income

-$46M-34.6% margin

EPS (Diluted)

$-1.47

QoQ Revenue Growth

-0.4%

Cash Flow

Operating Cash Flow

-$52M

Free Cash Flow

-$62M

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$910M

Total Liabilities

$819M

Stockholders' Equity

$90M

Cash & Equivalents

$520M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$132M	$111M	+18.4%
Gross Profit	$88M	$76M	+15.6%
Operating Income	-$38M	-$40M	+3.5%
Net Income	-$46M	-$39M	-16.8%

Revenue Segments

Commercial Payors

$72M54%

Centers For Medicare And Medicaid

$32M24%

Healthcare Institutions

$20M15%

Non-Contracted Third-Party Payors

$9M7%