IRTC Q3 2023 Earnings — iRhythm Technologies, Inc. Revenue & Financial Results | Market Cap Arena

IRTCiRhythm Technologies, Inc.

$4B

Q3 2023 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$125M+20.0% YoY

Gross Profit

$82M66.2% margin

Operating Income

-$28M-22.2% margin

Net Income

-$27M-21.8% margin

EPS (Diluted)

$-0.89

QoQ Revenue Growth

+0.4%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

-$8M

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$440M

Total Liabilities

$220M

Stockholders' Equity

$220M

Cash & Equivalents

$47M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$125M	$104M	+20.0%
Gross Profit	$82M	$71M	+16.3%
Operating Income	-$28M	-$21M	-30.9%
Net Income	-$27M	-$21M	-26.4%

Revenue Segments

Commercial Payors

$67M54%

Centers For Medicare And Medicaid

$31M25%

Healthcare Institutions

$18M14%

Non-Contracted Third-Party Payors

$8M7%