iRhythm Technologies Inc

For the period ended Sep 30, 2024. Filed Oct 30, 2024.

About this filing

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

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
(unaudited)
Revenue, net	$147,538	$124,604	$427,514	$360,170
Cost of revenue	46,062	42,130	135,051	115,790
Gross profit	101,476	82,474	292,463	244,380
Operating expenses:
Research and development	15,694	16,309	52,378	44,828
Acquired in-process research and development	32,069	—	32,069	—
Selling, general and administrative	103,375	93,768	318,797	285,531
Impairment charges	641	—	641	—
Total operating expenses	151,779	110,077	403,885	330,359
Loss from operations	(50,303)	(27,603)	(111,422)	(85,979)
Interest and other income (expense), net:
Interest income	6,456	1,717	16,198	4,619
Interest expense	(3,329)	(927)	(9,501)	(2,709)
Loss on extinguishment of debt	—	—	(7,589)	—
Other income (expense), net	1,182	(108)	772	(143)
Total interest and other income (expense), net	4,309	682	(120)	1,767
Loss before income taxes	(45,994)	(26,921)	(111,542)	(84,212)
Income tax provision	188	195	414	495
Net loss	$(46,182)	$(27,116)	$(111,956)	$(84,707)
Net loss per common share, basic and diluted	$(1.48)	$(0.89)	$(3.59)	$(2.78)
Weighted-average shares, basic and diluted	31,262	30,607	31,147	30,470

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.