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 Quarter:
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 Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 47,214 53,331 54,673 59,104 63,535 50,878 71,944 78,809 265,166 315,236
Selected Quarter:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
112.2%
71.4% —

Selling general and administrative

26.0% —

Cost of revenue

14.7% —

Research and development
Selected Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 11,773 13,012 13,785 13,915 16,063 15,484 18,232 20,498 70,277 81,992
Gross profit
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 36,561 39,429 40,888 45,189 47,472 35,394 53,712 58,311 194,889 233,244
Research and development
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 6,699 7,833 13,499 9,268 8,415 12,542 8,768 11,604 41,329 46,416
Selling general and administrative
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 38,066 42,161 45,649 53,647 48,230 43,014 49,701 56,288 197,233 225,152
Total operating expenses
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 44,765 49,994 59,148 62,915 56,645 55,556 58,469 67,892 238,562 271,568
Selected Quarter:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
12.2%
12.2% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($8,204) ($10,565) ($18,260) ($17,726) ($9,173) ($20,162) ($4,757) ($9,581) ($43,673) ($38,324)
Selected Quarter:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.4%
0.4% —

Other income
Selected Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
-
-
45,679
45,679
45,679
45,679
-
-
-
-
-
-
-
-
 - - - - - - - - - -
Other expense net
45,679
-
-
-
-
-
-
-
-
-
-
-
-
-
 - - - - - - - - - -
Other income
-
-
-
-
-
-
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 375 295 396 829 505 237 569 280 1,591 1,120
Total non-operating income (expense)
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 375 295 396 829 505 237 569 280 1,591 1,120
Selected Quarter:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
11.8%
11.8% —

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 Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($7,829) ($10,270) ($17,864) ($16,897) ($8,668) ($19,925) ($4,188) ($9,301) ($42,082) ($37,204)
Selected Quarter:
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
0.4%
0.0% —

Income tax expense or benefit

0.5% —

Interest expense
Selected Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 (409) (440) (409) (385) (380) (381) (384) (374) (1,519) (1,496)
Income before income taxes
-
-
-
-
-
-
-
-
-
-
45,679
45,679
45,679
45,679
 (8,238) (10,710) (18,273) (17,282) (9,048) (20,306) (4,572) (9,675) (43,601) (38,700)
Income tax expense or benefit TEST - ODD
-
-
-
-
-
-
-
-
-
-
45,679
45,679
45,679
-
 12 15 20 18 17 131 105 (24) 229 (96)
Selected Quarter:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
12.2%
12.2% —

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 Quarter:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($8,250) ($10,725) ($18,293) ($17,300) ($9,065) ($20,437) ($4,677) ($9,651) ($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
45,678,795
45,678,795
45,678,795
45,678,795
45,678,795
45,678,795
45,678,795
45,678,795
45,678,795
 24,686,878 24,851,931 26,624,448 26,801,044 27,039,808 27,401,767 28,871,416 29,160,660 29,160,660 29,160,660
Selected Quarter:
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 Quarter:
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
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 ($0.34) ($0.43) ($0.72) ($0.66) ($0.34) ($0.75) ($0.17) ($0.33) ($1.58) ($1.32)
Net Income per diluted share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 ($0.34) ($0.43) ($0.72) ($0.66) ($0.34) ($0.75) ($0.17) ($0.33) ($1.58) ($1.32)