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Stock impact report

iRhythm Technologies Announces Fourth Quarter and Full Year 2024 Financial Results

iRhythm Technologies, Inc. (IRTC) 
Last irhythm technologies, inc. earnings: 2/27 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.irhythmtech.com
Company Research Source: GlobeNewswire
SAN FRANCISCO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- iRhythm Technologies, Inc. (NASDAQ: IRTC), a leading digital health care company focused on creating trusted solutions that detect, predict, and prevent disease, today reported financial results for the three months and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Revenue of $164.3 million, a 24.0% increase compared to fourth quarter 2023Gross margin of 70.0%, a 410-basis point increase compared to fourth quarter 2023Net loss of $1.3 million, a $37.4 million improvement compared to fourth quarter 2023Adjusted EBITDA of $19.3 million, a $16.9 million improvement compared to fourth quarter 2023Cash, cash equivalents and marketable securities of $535.6 million at December 31, 2024, a $13.6 million increase from September 30, 2024 Full Year 2024 Financial Highlights Revenue of $591.8 million, a 20.1% increase compared to full year 2023Gross margin of 68.9%, a 160-basis point increase compared to Show less Read more
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