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Irhythm Technologies Stock Price, News & Analysis

IRTC NASDAQ

Company Description

Overview

iRhythm Technologies Inc (IRTC) is a digital healthcare innovator that transforms cardiac care through its advanced ambulatory monitoring solutions. By integrating wearable biosensors with cloud-based data analytics and artificial intelligence, iRhythm creates comprehensive, clinically actionable insights that empower physicians to detect and diagnose arrhythmias more efficiently than traditional methods.

Innovative Technology Platform

The flagship Zio System leverages a patented patch-based ECG monitor that continuously records heart activity over an extended period, typically up to 14 days. This wire-free, patient-friendly device works in tandem with FDA-cleared and CE-marked cloud analytic software to deliver a detailed end-of-wear report. The incorporation of deep-learning algorithms ensures that the ECG data is analyzed with a level of precision comparable to expert cardiologist interpretations, boosting diagnostic accuracy while minimizing the need for repetitive tests.

Clinical and Operational Excellence

iRhythm has established a robust presence in the field of ambulatory cardiac monitoring by focusing on an efficient, patient-centered approach. Its technology simplifies the diagnostic pathway by reducing indeterminate tests, thus facilitating timely medical interventions that can prevent severe downstream events, such as stroke. The company’s clinical validation is supported by over 100 original scientific research manuscripts and broad clinical adoption, reinforcing its credibility in transforming how arrhythmias are detected and managed.

Market Position and Impact

As a pioneer in digital health solutions for cardiac monitoring, iRhythm occupies a critical niche in the healthcare ecosystem. Its integrated platform not only enhances operational efficiency within clinical settings but also aligns with the broader trend of using wearable and cloud-enabled devices to drive patient outcomes. By continuously evolving its technology and expanding its reach into international markets, iRhythm demonstrates a strong commitment to advancing patient care while maintaining high standards of regulatory compliance and data security.

Technology and Data-Driven Insights

The company’s device-based approach captures millions of heartbeats, which are then analyzed using sophisticated AI and machine learning techniques. This enables the early detection of various arrhythmias and provides a comprehensive analysis that informs clinical decision-making. Moreover, the digital health platform enhances the connection between physicians and patients by integrating real-time data monitoring with user-friendly digital tools, thereby improving overall healthcare delivery and resource management.

Competitive Differentiation

Unlike conventional Holter monitors that often require shorter monitoring periods and may miss transient arrhythmic events, iRhythm’s extended monitoring capability ensures higher diagnostic yield with minimal patient disruption. The user-centric design, including a comfortable wearable patch and integrated digital engagement tools, has resulted in high patient compliance and satisfaction, further setting the company apart in a competitive marketplace.

Conclusion

Through its technology-forward approach and relentless focus on delivering better data, better insights, and ultimately, better health, iRhythm Technologies Inc continues to redefine the landscape of ambulatory cardiac monitoring. Its commitment to clinical excellence, operational efficiency, and innovative digital health solutions makes it an essential component of modern healthcare diagnostics.

Stock Performance

$104.16
-0.59%
0.62
Last updated: April 25, 2025 at 04:01
-10.01 %
Performance 1 year
$3.2B
Market Cap
31.9M
Shares outstanding

SEC Filings

No SEC filings available for Irhythm Technologies.

Financial Highlights

$591,839,000
Revenue (TTM)
-$113,289,000
Net Income (TTM)
-$3.63
Diluted EPS (TTM)
$3,390,000
Operating Cash Flow
-19.14%
Net Profit Margin
-19.52%
Oper. Profit Margin

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Frequently Asked Questions

What is the current stock price of Irhythm Technologies (IRTC)?

The current stock price of Irhythm Technologies (IRTC) is $104.78 as of April 24, 2025.

What is the market cap of Irhythm Technologies (IRTC)?

The market cap of Irhythm Technologies (IRTC) is approximately 3.2B.

What is the revenue (TTM) of Irhythm Technologies (IRTC) stock?

The trailing twelve months (TTM) revenue of Irhythm Technologies (IRTC) is $591,839,000.

What is the net income of Irhythm Technologies (IRTC)?

The trailing twelve months (TTM) net income of Irhythm Technologies (IRTC) is -$113,289,000.

What is the earnings per share (EPS) of Irhythm Technologies (IRTC)?

The diluted earnings per share (EPS) of Irhythm Technologies (IRTC) is -$3.63 on a trailing twelve months (TTM) basis.

What is the operating cash flow of Irhythm Technologies (IRTC)?

The operating cash flow of Irhythm Technologies (IRTC) is $3,390,000.

What is the profit margin of Irhythm Technologies (IRTC)?

The net profit margin of Irhythm Technologies (IRTC) is -19.14%.

What is the operating margin of Irhythm Technologies (IRTC)?

The operating profit margin of Irhythm Technologies (IRTC) is -19.52%.

What is the gross margin of Irhythm Technologies (IRTC)?

The gross profit margin of Irhythm Technologies (IRTC) is 68.86%.

What is the current ratio of Irhythm Technologies (IRTC)?

The current ratio of Irhythm Technologies (IRTC) is 5.82, indicating the company's ability to pay short-term obligations.

What is the gross profit of Irhythm Technologies (IRTC)?

The gross profit of Irhythm Technologies (IRTC) is $407,531,000 on a trailing twelve months (TTM) basis.

What is the operating income of Irhythm Technologies (IRTC)?

The operating income of Irhythm Technologies (IRTC) is -$115,505,000.

What is iRhythm Technologies Inc?

iRhythm Technologies Inc is a digital healthcare company that specializes in ambulatory cardiac monitoring using wearable biosensors, cloud-based analytics, and AI-driven algorithms.

How does the Zio System work?

The Zio System combines a patch-based, wire-free ECG monitor that records heart activity continuously for up to 14 days with advanced cloud analytics to generate a comprehensive end-of-wear report, providing detailed insights into arrhythmias.

What makes iRhythm's technology different from traditional cardiac monitoring methods?

Unlike traditional Holter monitors that offer shorter monitoring periods and may miss transient events, iRhythm's extended monitoring with its advanced AI and machine learning capabilities delivers higher diagnostic yield and more accurate detection of arrhythmias.

What role does artificial intelligence play in iRhythm's approach?

Artificial intelligence is central to iRhythm's methodology, allowing its platform to analyze millions of heartbeats with precision comparable to expert cardiologists, thus ensuring accurate and timely diagnosis of cardiac arrhythmias.

How does iRhythm enhance clinical efficiency?

By reducing the need for repetitive and indeterminate testing, iRhythm's technology enables quicker diagnosis and appropriate medical intervention, ultimately streamlining clinical workflows and improving patient outcomes.

What conditions can iRhythm's monitoring services help detect?

iRhythm's ambulatory ECG monitoring services are designed to detect a variety of cardiac arrhythmias, including atrial fibrillation and other irregular heart rhythms that could potentially lead to more serious cardiovascular events.

How is iRhythm positioned within the global market?

iRhythm holds a significant niche in digital healthcare by continuously innovating its ambulatory monitoring solutions and expanding its reach into international markets, thereby reinforcing its reputation as a pioneer in efficient cardiac diagnostics.

What regulatory approvals has iRhythm achieved?

The company's products, including its Zio System, have received FDA clearance and CE marking, demonstrating adherence to stringent regulatory standards and commitment to clinical quality and patient safety.

How does iRhythm integrate digital health tools in its services?

iRhythm leverages digital engagement tools such as patient apps and messaging systems to enhance patient compliance and streamline data collection, ensuring that both clinicians and patients benefit from improved connectivity and monitoring.