iRhythm Technologies Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
IRTC$88.73-1.7%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue, net | $492,681 | $410,921 | $322,825 |
| Cost of revenue | 160,875 | 129,289 | 109,258 |
| Gross profit | 331,806 | 281,632 | 213,567 |
| Operating expenses: | |||
| Research and development | 60,244 | 46,610 | 38,671 |
| Selling, general and administrative | 385,645 | 322,198 | 274,839 |
| Impairment and restructuring charges | 11,078 | 26,608 | — |
| Total operating expenses | 456,967 | 395,416 | 313,510 |
| Loss from operations | (125,161) | (113,784) | (99,943) |
| Interest expense | (3,650) | (4,138) | (1,169) |
| Interest and other income, net | 6,155 | 2,036 | 118 |
| Loss before income taxes | (122,656) | (115,886) | (100,994) |
| Income tax provision | 750 | 269 | 367 |
| Net loss | $(123,406) | $(116,155) | $(101,361) |
| Net loss per common share, basic and diluted | $(4.04) | $(3.88) | $(3.46) |
| Weighted-average shares, basic and diluted | 30,528 | 29,916 | 29,331 |
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