iRhythm Technologies (IRTC) Tops Q4 EPS by 7c

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iRhythm Technologies Announces Fourth Quarter and Full Year 2021 Financial Results

February 23, 2022 4:05 PM EST

SAN FRANCISCO, Feb. 23, 2022 (GLOBE NEWSWIRE) -- iRhythm Technologies, Inc. (NASDAQ: IRTC), a leading digital healthcare solutions company focused on the advancement of cardiac care, today reported financial results for the three months and full year ended December 31, 2021.

Fourth Quarter 2021 Financial Highlights

Revenue of $81.8 million, a 3.8% increase compared to fourth quarter 2020Gross margin was 62.7%, an 11.3% decline compared to fourth quarter 2020Adjusted EBITDA (defined as EBITDA less stock compensation) was negative $17.3 million, a $23.8 million decline compared to fourth... More