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Sep 30, 2020
iRhythm Q3 2020 Earnings Report
Reported financial results for the third quarter of 2020.
Key Takeaways
iRhythm Technologies reported a revenue increase of 31.6% to $71.9 million compared to the third quarter of 2019, and achieved a gross margin of 74.7%. Adjusted EBITDA was positive for the first time at $14.8 million. The company's cash and short-term investments totaled $327.2 million at quarter end.
Revenue increased by 31.6% compared to the third quarter of 2019, reaching $71.9 million.
Gross margin was 74.7%, consistent with the comparable quarter in 2019.
Adjusted EBITDA was positive for the first time at $14.8 million.
Cash and Short Term Investments totaled $327.2 million at quarter end.