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Jun 30, 2021
iRhythm Q2 2021 Earnings Report
iRhythm's second quarter results reflected continued strong demand and solid execution, with Zio AT surpassing 10% of total revenue.
Key Takeaways
iRhythm Technologies reported a 59.8% increase in revenue to $81.3 million for the second quarter of 2021. The company's gross margin was 68.0%, and the adjusted EBITDA was negative $4.6 million. The company expects revenue to range from $320 million to $325 million for the full year 2021.
Revenue increased by 59.8% compared to the second quarter of 2020, reaching $81.3 million.
Gross margin decreased slightly to 68.0% compared to 69.6% in the same period last year.
Adjusted EBITDA was negative $4.6 million.
Cash and Short-Term Investments were $255.7 million as of June 30, 2021.
Revenue by Segment
Forward Guidance
For the full year 2021, the company expects revenue to range from $320 million to $325 million, representing year over year growth of 21% to 23%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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