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iRhythm Technologies, Inc. (IRTC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-05-19Dec-31-18Dec-05-18Dec-31-17
   8-K10-K10-K10-KS-1/A10-KS-1/A10-K
Total revenues  410.9322.8265.2214.6214.6147.3147.399.1
            Revenue growth  27.3%21.7%23.6%45.7%45.7%48.6%48.6%54.7%
Cost of goods sold  129.3109.370.352.552.538.838.828.2
Gross profit  281.6213.6194.9162.1162.1108.5108.570.9
            Gross margin  68.5%66.2%73.5%75.5%75.5%73.7%73.7%71.5%
Selling, general and administrative  322.2274.8197.2179.5179.5133.3133.385.3
Research and development  46.638.741.337.337.320.920.913.3
EBITDA   [+] -90.1-36.8-51.3 -43.4 -26.0
            EBITDA margin  -21.2%-27.9%-13.9%-23.9%-25.5%-29.5%-31.0%-26.2%
Depreciation and amortization   9.86.93.4 2.3 1.6
EBIT   [+]-87.2-99.9-43.7-54.8-54.8-45.7-45.7-27.6
            EBIT margin  -21.2%-31.0%-16.5%-25.5%-25.5%-31.0%-31.0%-27.8%
Non-recurring items  26.6       
Interest expense  4.11.21.51.61.63.13.13.4
Other income (expense), net   [+]2.00.11.61.91.9-1.5-1.51.2
Pre-tax income  -115.9-101.0-43.6-54.5-54.5-50.3-50.3-29.7
Income taxes  0.30.40.20.10.10.00.00.0
            Tax rate         0.0%
Net income  -116.2-101.4-43.8-54.6-54.6-50.4-50.4-29.7
            Net margin  -28.3%-31.4%-16.5%-25.4%-25.4%-34.2%-34.2%-30.0%
   
Basic EPS   [+]($3.88)($3.46)($1.58)($2.16)($2.16)($2.11)($2.11)($1.31)
Diluted EPS   [+]($3.88)($3.46)($1.58)($2.16)($2.16)($2.11)($2.11)($1.31)
   
Shares outstanding (basic)   [+]29.929.327.825.325.323.923.922.6
Shares outstanding (diluted)   [+]29.929.327.825.325.323.923.922.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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