IRhythm Historical Income Statement
| IRTC Stock | USD 116.43 0.09 0.08% |
Historical analysis of IRhythm Technologies income statement accounts such as Selling General Administrative of 404.9 M or Total Revenue of 517.3 M can show how well iRhythm Technologies performed in making a profits. Evaluating IRhythm Technologies income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of IRhythm Technologies's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining iRhythm Technologies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether iRhythm Technologies is a good buy for the upcoming year.
IRhythm |
About IRhythm Income Statement Analysis
iRhythm Technologies Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to IRhythm Technologies shareholders. The income statement also shows IRhythm investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
IRhythm Technologies Income Statement Chart
iRhythm Technologies Income Statement is one of the three primary financial statements used for reporting IRhythm's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of iRhythm Technologies revenue and expense. IRhythm Technologies Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, IRhythm Technologies' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 517.3 M, whereas Interest Expense is forecasted to decline to about 2.6 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts iRhythm Technologies generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of iRhythm Technologies minus its cost of goods sold. It is profit before IRhythm Technologies operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of iRhythm Technologies. It is also known as IRhythm Technologies overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from IRhythm Technologies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into iRhythm Technologies current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iRhythm Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade IRhythm Stock refer to our How to Trade IRhythm Stock guide.At present, IRhythm Technologies' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 517.3 M, whereas Interest Expense is forecasted to decline to about 2.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.2M | 4.1M | 3.7M | 2.6M | Depreciation And Amortization | 118K | 2.0M | 22.1M | 23.3M |
IRhythm Technologies income statement Correlations
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IRhythm Technologies Account Relationship Matchups
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IRhythm Technologies income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.9M | 1.6M | 118K | 2.0M | 22.1M | 23.3M | |
| Interest Expense | 1.6M | 1.5M | 1.2M | 4.1M | 3.7M | 2.6M | |
| Selling General Administrative | 179.5M | 197.2M | 274.8M | 322.2M | 385.6M | 404.9M | |
| Total Revenue | 214.6M | 265.2M | 322.8M | 410.9M | 492.7M | 517.3M | |
| Gross Profit | 162.1M | 194.9M | 213.6M | 281.6M | 331.8M | 348.4M | |
| Other Operating Expenses | 269.3M | 308.8M | 422.8M | 498.1M | 606.8M | 637.1M | |
| Operating Income | (54.8M) | (43.7M) | (99.9M) | (87.2M) | (114.1M) | (108.4M) | |
| Net Income From Continuing Ops | (54.6M) | (43.8M) | (101.4M) | (116.2M) | (123.4M) | (117.2M) | |
| Ebit | (54.8M) | (43.7M) | (99.9M) | (87.2M) | (114.1M) | (108.4M) | |
| Research Development | 37.3M | 41.3M | 38.7M | 46.6M | 60.2M | 30.5M | |
| Ebitda | (52.9M) | (42.1M) | (99.8M) | (85.1M) | (91.9M) | (87.3M) | |
| Cost Of Revenue | 52.5M | 70.3M | 109.3M | 129.3M | 160.9M | 168.9M | |
| Total Operating Expenses | 216.8M | 238.6M | 313.5M | 368.8M | 445.9M | 468.2M | |
| Income Before Tax | (54.5M) | (43.6M) | (101.0M) | (115.9M) | (122.7M) | (116.5M) | |
| Total Other Income Expense Net | 252K | 72K | (1.1M) | (28.7M) | (8.6M) | (8.1M) | |
| Net Income Applicable To Common Shares | (54.6M) | (43.8M) | (101.4M) | (116.2M) | (104.5M) | (99.3M) | |
| Net Income | (54.6M) | (43.8M) | (101.4M) | (116.2M) | (123.4M) | (117.2M) | |
| Income Tax Expense | 65K | 229K | 367K | 269K | 750K | 543.0K | |
| Interest Income | 3.1M | 1.6M | 118K | 2.0M | 6.2M | 6.5M | |
| Net Interest Income | (1.6M) | (1.5M) | (1.2M) | (4.1M) | 2.5M | 2.6M | |
| Non Operating Income Net Other | (1.5M) | 1.9M | 1.6M | 2.0M | 2.3M | 2.5M | |
| Reconciled Depreciation | 3.4M | 6.9M | 9.8M | 19.6M | 22.1M | 23.3M | |
| Tax Provision | 65K | 229K | 367K | 269K | 750K | 787.5K |
IRhythm Technologies Investors Sentiment
The influence of IRhythm Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in IRhythm. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to IRhythm Technologies' public news can be used to forecast risks associated with an investment in IRhythm. The trend in average sentiment can be used to explain how an investor holding IRhythm can time the market purely based on public headlines and social activities around iRhythm Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
IRhythm Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for IRhythm Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average IRhythm Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on IRhythm Technologies.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards IRhythm Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, IRhythm Technologies' short interest history, or implied volatility extrapolated from IRhythm Technologies options trading.
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iRhythm Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade IRhythm Stock refer to our How to Trade IRhythm Stock guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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When running IRhythm Technologies' price analysis, check to measure IRhythm Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IRhythm Technologies is operating at the current time. Most of IRhythm Technologies' value examination focuses on studying past and present price action to predict the probability of IRhythm Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IRhythm Technologies' price. Additionally, you may evaluate how the addition of IRhythm Technologies to your portfolios can decrease your overall portfolio volatility.
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Is IRhythm Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IRhythm Technologies. If investors know IRhythm will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IRhythm Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.04) | Revenue Per Share 16.139 | Quarterly Revenue Growth 0.177 | Return On Assets (0.14) | Return On Equity (0.55) |
The market value of iRhythm Technologies is measured differently than its book value, which is the value of IRhythm that is recorded on the company's balance sheet. Investors also form their own opinion of IRhythm Technologies' value that differs from its market value or its book value, called intrinsic value, which is IRhythm Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IRhythm Technologies' market value can be influenced by many factors that don't directly affect IRhythm Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IRhythm Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if IRhythm Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IRhythm Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.