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Irhythm Technologies Inc   (IRTC)
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Price: $102.2900 $0.20 0.196%
Day's High: $105.14 Week Perf: -3.39 %
Day's Low: $ 101.29 30 Day Perf: -13.05 %
Volume (M): 426 52 Wk High: $ 140.23
Volume (M$): $ 43,524 52 Wk Avg: $105.62
Open: $102.78 52 Wk Low: $70.24



 Market Capitalization (Millions $) 3,125
 Shares Outstanding (Millions) 31
 Employees 1,158
 Revenues (TTM) (Millions $) 492
 Net Income (TTM) (Millions $) -123
 Cash Flow (TTM) (Millions $) -43
 Capital Exp. (TTM) (Millions $) 40

Irhythm Technologies Inc
iRhythm Technologies Inc, founded in 2006, is a healthcare technology company that provides remote cardiac monitoring solutions. The company offers two key product lines: Zio XT and IQVIA. These products help physicians diagnose patients with heart arrhythmias and monitor their heart activity outside of the hospital.

Zio XT is a continuous wearable cardiac monitor that patients wear for up to 14 days. It allows physicians to collect more data than traditional Holter monitors - which can only be worn for 24-48 hours. The device can be worn during normal daily activities, including showering and sleeping, and it provides continuous ECG recordings which can be accessed remotely by physicians. These recordings help doctors diagnose cardiac arrhythmias.

IQVIA, on the other hand, is an AI-powered platform that uses machine learning algorithms to analyze large amounts of patient data to identify potential cardiac arrhythmias. It can use data from various sources such as EHRs, mobile devices, and wearables such as the Zio XT. The platform enables healthcare practitioners to personalize treatment for patients based on their individual needs and risk factors.

The company's products have received FDA clearance and are recognized as one of the most advanced cardiac monitoring technologies available. They have also been featured in several clinical studies, including a trial that demonstrated the effectiveness of Zio XT in diagnosing atrial fibrillation.

iRhythm Technologies Inc's headquarters are in San Francisco, California, but they also have additional offices in Minnesota, North Carolina, and internationally in Germany and the UK. The company is listed on NASDAQ with ticker symbol "IRTC". They continue to expand their product offerings and partnerships with other healthcare providers to improve patient outcomes and reduce unnecessary hospital visits.


   Company Address: 699 8th Street San Francisco 94103 CA
   Company Phone Number: 632-5700   Stock Exchange / Ticker: NASDAQ IRTC
   


   

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Financing Agreement

iRhythm Technologies Secures $661.25 Million to Fuel Digital Healthcare Revolution

Published Fri, Mar 8 2024 9:30 PM UTC


In a significant move to further their mission of creating trusted solutions that detect, predict, and prevent diseases, iRhythm Technologies, Inc. (iRhythm) recently concluded a private placement offering of 1.50% Convertible Senior Notes due 2029. The successful offering, which raised $661.25 million in gross proceeds, signifies a strong vote of confidence from qualif...

Stock Market Announcement

iRhythm Technologies Announces Pricing of $575 Million Convertible Senior Notes Offering, Increasing Shareholder Value and Expanding Funding Opportunities

Published Tue, Mar 5 2024 4:43 AM UTC



SAN FRANCISCO, March 04, 2024 - iRhythm Technologies, Inc. (NASDAQ: IRTC), a pioneering digital healthcare company dedicated to developing innovative solutions for disease detection, prediction, and prevention, has successfully priced its offering of $575.0 million aggregate principal amount of 1.50% Convertible Senior Notes due 2029. This private placement was mad...

Partnership

Evolving Cardiac Healthcare: iRhythm and Epic Partner to Enhance Connectivity and Patient Outcomes.

Published Thu, Feb 29 2024 9:30 PM UTC

iRhythm and Epic Collaborate to Revolutionize Healthcare ConnectivityiRhythm, a leading digital health company focused on cardiac diagnostics, has teamed up with Epic, a renowned electronic health record (EHR) provider, to streamline access to their Zio service and enhance connectivity between clinicians and patients. This exciting collaboration aims to revolutionize the way...

Announcement

Unveiling the Heartbeat of iRhythm: The Echoes of a Securities Fraud Trial in Healthcare Technology

Published Mon, Feb 26 2024 5:32 PM UTC

In recent years, technological advancements have revolutionized the healthcare industry, bringing about innovative solutions for patient care and disease management. iRhythm Technologies, Inc., a prominent player in the field, has gained significant attention for its expertise in wearable digital healthcare solutions. However, the company recently found itself embroiled in a...

Irhythm Technologies Inc

Irhythm Technologies Inc Reports Strong Revenue Growth But Continues to Struggle with Profitability in Q4 2023 Earnings

Financial News Report:
Irhythm Technologies Inc Reports Fiscal Performance for October to December 31, 2023 Period
San Francisco - Irhythm Technologies Inc (NASDAQ:IRTC), a leading digital healthcare company, announced its financial results for the fiscal period spanning October to December 31, 2023. The company experienced mixed results, with an increase in loss per share and a significant growth in revenue.
During this fiscal period, Irhythm Technologies Inc reported a loss per share of $-1.24, compared to $-0.66 in the same period a year ago. This represents a widened loss from the previous reporting season when the loss was $-0.89 per share.
Despite the increase in loss per share, the company saw its revenue grow by 17.807% to $132.67 million from $112.62 million during the comparable reporting period a year ago. Sequentially, the revenue also increased by 6.585% from $124.47 million. Irhythm Technologies Inc's revenue growth in the fourth quarter of 2023 outperformed its Medical Equipment & Supplies industry contemporaries, who experienced a 7.67% overall top-line improvement in the same period.






 

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Irhythm Technologies Inc does not provide revenue guidance.

Earnings Outlook
Irhythm Technologies Inc does not provide earnings estimates.

 
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