Loading...
•
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.
iRhythm
iRhythm
iRhythm Revenue by Segment
Revenue by Segment
Zio Services Revenue
CapyFin.com 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%.