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Irhythm Technologies (IRTC)
NASDAQ:IRTC
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.86Last Year’s EPS
-1.47Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance for iRhythm in 2024, with significant revenue growth, international expansion, and margin improvements. Despite ongoing regulatory challenges and pricing pressures, the company is positioned for continued growth with strategic initiatives in place. The positive aspects of the call outweigh the challenges, indicating a favorable outlook.Company Guidance
In the iRhythm Technologies Q4 2024 earnings call, the company provided guidance for 2025, projecting a revenue range of $675 million to $685 million, reflecting significant U.S. volume growth and a low-single digit percentage pricing headwind. They expect international operations to contribute approximately one point of growth, including a $2 million contribution from Japan. Gross margin improvements are anticipated, though potential tariffs could impact margins by 50 to 75 basis points. For adjusted EBITDA margin, iRhythm expects a range between 7% and 8% of revenue, excluding potential acquired IPR&D expenses. The company ended 2024 with $535.6 million in unrestricted cash and short-term investments and expects to be slightly free cash flow negative in 2025, turning positive by 2026. The focus remains on profitable growth, leveraging primary care channels, and expanding market share in mobile cardiac telemetry.Record Revenue Growth
iRhythm achieved a full-year 2024 revenue growth of over 20%, driven by sustained volume demand across all customer channels and a 24% year-over-year growth in Q4 2024, reaching $164.3 million.
Significant Account Openings
Record new account openings within long-term continuous monitoring and mobile cardiac telemetry, supported by strong demand from national value-based care entities.
International Expansion
Commercial launch of Zio services in Austria, the Netherlands, Switzerland, and Spain, with Japanese PMDA regulatory approval for Zio monitor achieved in 2024.
Gross Margin Improvement
Improved gross margin profile from 66% at the beginning of the year to 70% by Q4 2024.
Adjusted EBITDA Improvement
Adjusted EBITDA in Q4 2024 was $19.3 million or 11.7% of revenue, marking a significant improvement from a margin of 1.8% in Q4 2023.
Cash Flow Generation
iRhythm generated over $30 million in free cash flow during the last three quarters of 2024.
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IRTC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IRTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $112.67 | ― | ― |
| Oct 30, 2024 | $75.77 | $72.44 | -4.39% |
| Aug 01, 2024 | $84.22 | $73.88 | -12.28% |
| May 02, 2024 | $110.88 | $102.68 | -7.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Irhythm Technologies (IRTC) report earnings?
Irhythm Technologies (IRTC) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Irhythm Technologies (IRTC) earnings time?
Irhythm Technologies (IRTC) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IRTC EPS forecast?
IRTC EPS forecast for the fiscal quarter 2025 (Q1) is -0.86.
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