iRhythm Technologies (IRTC) Misses Q1 EPS by 25c, provides guidance

iRhythm Technologies (NASDAQ: IRTC) reported Q1 EPS of ($1.23), $0.25 worse than the analyst estimate of ($0.98). Revenue for the quarter came in at $131.93 million versus the consensus estimate of $128.41 million.

GUIDANCE:

iRhythm Technologies sees FY2024 revenue of $578-588 million, versus the consensus of $580.8 million.
Gross margin for the full year 2024 is expected to range from 68% to 69% and adjusted EBITDA margin for the full year 2024 is expected to range from approximately 3% to 4% of revenues.

For earnings history and earnings-related data on iRhythm Technologies (IRTC) click here.

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