iRhythm Technologies Inc
For the period ended Sep 30, 2024. Filed Oct 30, 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.
Sep 30, 2024 · Filed Oct 30, 2024
IRTC$88.73-1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except par value)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $519,535 | $36,173 |
| Marketable securities | 2,496 | 97,591 |
| Accounts receivable, net | 77,427 | 61,484 |
| Inventory | 15,032 | 13,973 |
| Prepaid expenses and other current assets | 13,419 | 21,591 |
| Total current assets | 627,909 | 230,812 |
| Property and equipment, net | 122,390 | 104,114 |
| Operating lease right-of-use assets | 45,570 | 49,317 |
| Restricted cash, long-term | 8,358 | — |
| Goodwill | 862 | 862 |
| Long-term strategic investments | 59,059 | 3,000 |
| Other assets | 45,540 | 45,039 |
| Total assets | $909,688 | $433,144 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $7,593 | $5,543 |
| Accrued liabilities | 73,958 | 83,362 |
| Deferred revenue | 3,031 | 3,306 |
| Operating lease liabilities, current portion | 15,522 | 15,159 |
| Total current liabilities | 100,104 | 107,370 |
| Long-term senior convertible notes | 645,821 | — |
| Debt, noncurrent portion | — | 34,950 |
| Other noncurrent liabilities | 17,978 | 1,012 |
| Operating lease liabilities, noncurrent portion | 74,019 | 79,715 |
| Total liabilities | 837,922 | 223,047 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value – 5,000 shares authorized; none issued and outstanding at September 30, 2024 and December 31, 2023 | — | — |
| Common stock, $0.001 par value – 100,000 shares authorized; 31,516 shares issued and 31,287 shares outstanding at September 30, 2024, respectively; and 30,954 shares issued and outstanding at December 31, 2023 | 31 | 31 |
| Additional paid-in capital | 854,363 | 855,784 |
| Accumulated other comprehensive loss | (66) | (112) |
| Accumulated deficit | (757,562) | (645,606) |
| Treasury stock, at cost; 229 and 0 shares at September 30, 2024 and December 31, 2023, respectively | (25,000) | — |
| Total stockholders’ equity | 71,766 | 210,097 |
| Total liabilities and stockholders’ equity | $909,688 | $433,144 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.