Company name:

iRhythm Technologies Inc

  • IPO SHARE PRICE:
    $17.00
  • IPO DATE:
    October 20, 2016
  • TICKER:
    IRTC
  • MAIN STOCK EXCHANGE:
    NASDAQ Global
  • CURRENT HQ LOCATION:
    699 8th Street Suite 600 San Francisco California
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

iRhythm Technologies Inc

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue
45,679
45,679
45,679
 99,129 147,277 214,552 265,166 265,166 315,236
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
116.5%
74.4% —

Selling general and administrative

26.5% —

Cost of revenue

15.6% —

Research and development
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue
45,679
45,679
45,679
 28,203 38,795 52,485 70,277 70,277 81,992
Gross profit
45,679
45,679
45,679
 70,926 108,482 162,067 194,889 194,889 233,244
Research and development
45,679
45,679
45,679
 13,265 20,860 37,299 41,329 41,329 46,416
Selling general and administrative
45,679
45,679
45,679
 85,252 133,313 179,523 197,233 197,233 225,152
Total operating expenses
45,679
45,679
45,679
 98,517 154,173 216,822 238,562 238,562 271,568
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
16.5%
16.5% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
 ($27,591) ($45,691) ($54,755) ($43,673) ($43,673) ($38,324)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.6%
0.6% —

Other income

0.0% —

Loss on early repayment of debt
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
-
45,679
45,679
 1,237 1,526 - - - -
Other expense net
45,679
-
-
 - - - - - -
Other income
-
-
-
 1,237 1,501 1,895 1,591 1,591 1,120
Loss on early repayment of debt
-
-
45,679
 - (3,029) - - - -
Total non-operating income (expense)
45,679
45,679
45,679
 1,237 (1,528) 1,895 1,591 1,591 1,120
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
15.9%
15.9% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
 ($26,354) ($47,219) ($52,860) ($42,082) ($42,082) ($37,204)
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
0.7%
0.1% —

Income tax expense or benefit

0.6% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
45,679
45,679
45,679
 (3,386) (3,115) (1,643) (1,519) (1,519) (1,496)
Income before income taxes
-
-
45,679
 (29,740) (50,334) (54,503) (43,601) (43,601) (38,700)
Income tax expense or benefit TEST - ODD
-
-
45,679
 - 44 65 229 229 (96)
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
16.5%
16.5% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
 ($29,740) ($50,378) ($54,568) ($43,830) ($43,830) ($38,604)

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Common
-
-
45,678,795
 23,451,535 24,463,561 26,801,044 29,160,660 29,160,660 29,160,660
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
$45,678,795.00
 ($1.31) ($2.11) ($2.16) ($1.58) ($1.58) ($1.32)
Net Income per diluted share
$45,678,795.00
$45,678,795.00
$45,678,795.00
 ($1.31) ($2.11) ($2.16) ($1.58) ($1.58) ($1.32)