iRhythm Technologies Inc
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
IRTC$86.06-3.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
(In thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (unaudited) | ||||
| Revenue, net | $148,047 | $124,130 | $279,976 | $235,566 |
| Cost of revenue | 44,576 | 37,905 | 88,989 | 73,660 |
| Gross profit | 103,471 | 86,225 | 190,987 | 161,906 |
| Operating expenses: | ||||
| Research and development | 19,690 | 13,677 | 36,684 | 28,519 |
| Selling, general and administrative | 106,762 | 91,420 | 215,422 | 191,763 |
| Total operating expenses | 126,452 | 105,097 | 252,106 | 220,282 |
| Loss from operations | (22,981) | (18,872) | (61,119) | (58,376) |
| Interest expense | (3,312) | (832) | (6,172) | (1,782) |
| Interest and other income, net | 6,380 | 1,435 | 9,332 | 2,867 |
| Loss on extinguishment of debt | — | — | (7,589) | — |
| Loss before income taxes | (19,913) | (18,269) | (65,548) | (57,291) |
| Income tax provision | 194 | 213 | 226 | 300 |
| Net loss | $(20,107) | $(18,482) | $(65,774) | $(57,591) |
| Net loss per common share, basic and diluted | $(0.65) | $(0.61) | $(2.12) | $(1.89) |
| Weighted-average shares, basic and diluted | 31,145 | 30,502 | 31,089 | 30,400 |
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