iRhythm Technologies (IRTC) Misses Q1 EPS by 11c, Revs Beat

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iRhythm Technologies Announces First Quarter Financial Results

May 2, 2018 4:03 PM EDT

SAN FRANCISCO, May 02, 2018 (GLOBE NEWSWIRE) -- iRhythm Technologies, Inc. (NASDAQ: IRTC), a leading digital health care solutions company focused on the advancement of cardiac care, today reported financial results for the three months ending March 31, 2018.

First Quarter 2018 Highlights

First quarter revenue was $30.6M, up 51% compared to prior year pro forma Q1 adjusted for ASC 606 and up 43% over reported revenue prior to adoption of ASC 606 First quarter gross margin was 71.8%, a year over year improvement of 310 basis points as compared to the prior... More