iRhythm Technologies (IRTC) Misses Q4 EPS by 12c, Revenues Beat

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iRhythm Technologies Announces Fourth Quarter and Full Year 2019 Financial Results and Provides Full Year 2020 Financial Outlook

February 27, 2020 4:05 PM EST

SAN FRANCISCO, Feb. 27, 2020 (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 and full year ended December 31, 2019.

Fourth Quarter and Full Year 2019 Highlights

Revenue for the year ended December 31, 2019 increased 46% to $214.6 million over 2018Revenue for the three months ended December 31, 2019 increased 41% year-over-year to $59.1 millionGross margin for the full year 2019 was 75.5%, a year-over-year improvement of 180 basis pointsAnnounced participation in a new, randomized, controlled study,... More