iRhythm Technologies Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 12.78
Dividend & YieldN/A$ (N/A)
Beta 1.47
Market capitalization 3.13B
Operating cash flow -48.63M
ESG Scores unknown

Company description

iRhythm Technologies, Inc., a digital healthcare company, provides ambulatory electrocardiogram (ECG) monitoring products for patients at risk for arrhythmias in the United States. It offers Zio service, an ambulatory cardiac monitoring solution that combines a wire-free, patch-based, and wearable biosensor with a cloud-based data analytic platform to help physicians to monitor patients and diagnose arrhythmias. The company's Zio XT and AT monitors, a single-use, wire-free, and wearable patch-based biosensors, records patient's heartbeats and ECG data. It has a development collaboration agreement with Verily Life Sciences LLC to develop various next-generation atrial fibrillation screening, detection, or monitoring products. The company was incorporated in 2006 and is headquartered in San Francisco, California.

Sector: Healthcare - Industry: Medical Devices

Financial Ratios
Quick Ratio3.36
Working Capital-0.47
Return On Equity-0.36
Debt To Equity0.03
Fixed Asset Ratio9.81
Fixed Interest Cover-85.49

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -207k 5.63M -4.2M 8.25M
Total Cashflows From Investing Activities 34.14M -89.27M -132.39M 105.26M
Net Borrowings 3.5M -1.94M -1.94M -11.67M
Total Cash From Financing Activities 6.3M 111.58M 214.32M -28.58M
Change To Operating Activities 9.31M -4.67M -12.69M 4.05M
Issuance Of Stock 9.32M 116.86M 226.27M 8.94M
Net Income -50.38M -54.57M -43.83M -101.36M
Change In Cash 11.35M 439k 68.17M 38.93M
Effect Of Exchange Rate
Total Cash From Operating Activities -29.09M -21.86M -13.76M -37.75M
Depreciation 2.27M 3.44M 6.9M 9.84M
Change To Account Receivables -21.75M -28.73M -37.96M -53.57M
Other Cashflows From Financing Activities -2.64M
Change To Netincome 31.83M 58.96M 79.41M 99.99M
Capital Expenditures -5.18M -20.46M -13.55M -28.07M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 20.86M 37.3M 41.33M 38.67M
Income Before Tax -50.33M -54.5M -43.6M -100.99M
Net Income -50.38M -54.57M -43.83M -101.36M
Selling General Administrative 133.31M 179.52M 197.23M 274.84M
Gross Profit 108.48M 162.07M 194.89M 213.57M
Ebit -45.69M -54.76M -43.67M -99.94M
Operating Income -45.69M -54.76M -43.67M -99.94M
Interest Expense -3.12M -1.64M -1.52M -1.17M
Income Tax Expense 44k 65k 229k 367k
Total Revenue 147.28M 214.55M 265.17M 322.82M
Cost Of Revenue 38.8M 52.48M 70.28M 109.26M
Total Other Income ExpenseNet -3.12M 252k 72k -1.05M
Net Income From Continuing Ops -50.38M -54.57M -43.83M -101.36M
Net Income Applicable To Common Shares -50.38M -54.57M -43.83M -101.36M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 65.39M 170.8M 170.13M 183.45M
Total Stockholder Equity 52.14M 135.41M 341.61M 279.51M
Other Current Liabilities 3.6M 4.05M 5.69M 6.04M
Total Assets 117.52M 306.21M 511.74M 462.97M
Common Stock 23k 25k 27k 27k
Other Current Assets
Retained Earnings -205.82M -260.39M -304.68M -406.05M
Treasury Stock -16k 82k 11k -61k
Cash 20.02M 20.46M 88.63M 127.56M
Total Current Liabilities 30.33M 52.07M 65.67M 87.85M
Other Stockholder Equity -16k 82k 11k -61k
Property, Plant, and Equipment 9.16M 116.59M 118.96M 140.53M
Total Current Assets 104.3M 172.79M 377.82M 305.52M
Net Tangible Assets 51.27M 134.55M 340.75M 278.65M
Net Receivables 19.79M 23.87M 29.93M 46.43M
Accounts Payable 2.28M 8.24M 4.37M 10.51M


Insider Transactions

Here are the insider transactions of stock shares related to iRhythm Technologies Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
BLACKFORD QUENTIN SSale at price 118.17 - 122.50 per share.D2022-11-02Chief Executive Officer12.7k
DEVINE DOUGLASSale at price 125.00 per share.D2022-09-29Chief Operating Officer2k
WILSON DANIEL GSale at price 121.14 - 125.00 per share.D2022-09-26Officer3k
BAIREY MERZ CATHLEEN NOELSale at price 159.77 per share.D2022-09-12Director90
BOBZIEN BRICEStock Award(Grant) at price 0.00 per share.D2022-08-08Chief Financial Officer10.13k
FERNANDEZ REYNA MStock Award(Grant) at price 0.00 per share.D2022-07-25Officer7.56k
FERNANDEZ REYNA MStock Award(Grant) at price 0.00 per share.D2022-07-25Officer7.65k
PATTERSON CHADStock Award(Grant) at price 0.00 per share.D2022-07-25Officer20.79k
PATTERSON CHADStock Award(Grant) at price 0.00 per share.D2022-07-25Officer21.05k
DEVINE DOUGLASSale at price 114.22 per share.D2022-07-07Chief Operating Officer10.11k
DEVINE DOUGLASSale at price 106.50 - 108.96 per share.D2022-07-05Chief Operating Officer1.24k
WILSON DANIEL GSale at price 107.76 - 108.96 per share.D2022-07-05Officer1.43k
BAIREY MERZ CATHLEEN NOELSale at price 111.76 per share.D2022-06-14Director500
TURAKHIA MINANGStock Award(Grant) at price 0.00 per share.D2022-06-06Officer11.12k
SNYDERMAN RALPHStock Award(Grant) at price 0.00 per share.D2022-05-26Director1.16k
BODAKEN BRUCE GStock Award(Grant) at price 0.00 per share.D2022-05-26Director1.16k
RUBASH MARK JEFFREYStock Award(Grant) at price 0.00 per share.D2022-05-26Director1.16k
BUDIG RENEE VARNIStock Award(Grant) at price 0.00 per share.D2022-05-26Director1.16k
TALWALKAR ABHIJIT YStock Award(Grant) at price 0.00 per share.D2022-05-26Director1.16k
LING KARENStock Award(Grant) at price 0.00 per share.D2022-05-26Director653
BAIREY MERZ CATHLEEN NOELStock Award(Grant) at price 0.00 per share.D2022-05-26Director1.16k
KING KEVIN MSale at price 132.67 per share.D2022-03-04Director6.82k
VORT DAVID ASale at price 132.67 per share.D2022-03-04Officer3.16k
DAY MARK J PH.D.Sale at price 132.67 per share.D2022-03-04Officer2.52k
DEVINE DOUGLASSale at price 132.67 per share.D2022-03-04Chief Operating Officer576
WILSON DANIEL GSale at price 132.67 per share.D2022-03-04Officer1.33k
VORT DAVID ASale at price 118.86 - 121.04 per share.D2022-02-17Officer2.85k
DAY MARK J PH.D.Sale at price 118.93 - 121.04 per share.D2022-02-17Officer4.06k
DEVINE DOUGLASSale at price 118.86 - 121.04 per share.D2022-02-17Chief Operating Officer4.6k
WILSON DANIEL GSale at price 118.87 - 121.04 per share.D2022-02-17Officer2.65k
VORT DAVID AStock Award(Grant) at price 0.00 per share.D2022-02-15Officer11.38k
DAY MARK J PH.D.Stock Award(Grant) at price 0.00 per share.D2022-02-15Officer13.17k
DEVINE DOUGLASStock Award(Grant) at price 0.00 per share.D2022-02-15Chief Operating Officer15.47k
WILSON DANIEL GStock Award(Grant) at price 0.00 per share.D2022-02-15Officer8.93k
LING KARENStock Award(Grant) at price 0.00 per share.D2021-11-02Director4.32k
BLACKFORD QUENTIN SStock Award(Grant) at price 0.00 per share.D2021-10-05Chief Executive Officer101.98k
DEVINE DOUGLASSale at price 59.56 per share.D2021-07-08Chief Operating Officer1.21k
WILSON DANIEL GSale at price 59.56 per share.D2021-07-08Officer2.04k
DEVINE DOUGLASStock Award(Grant) at price 0.00 per share.D2021-07-05Chief Executive Officer17.91k
WILSON DANIEL GStock Award(Grant) at price 0.00 per share.D2021-07-02Officer13.23k
SNYDERMAN RALPHStock Award(Grant) at price 0.00 per share.D2021-06-18Director2.23k
BODAKEN BRUCE GStock Award(Grant) at price 0.00 per share.D2021-06-18Director2.23k
RUBASH MARK JEFFREYStock Award(Grant) at price 0.00 per share.D2021-06-18Director2.23k
BUDIG RENEE VARNIStock Award(Grant) at price 0.00 per share.D2021-06-18Director2.23k
TALWALKAR ABHIJIT YStock Award(Grant) at price 0.00 per share.D2021-06-18Director2.23k
KING KEVIN MStock Award(Grant) at price 0.00 per share.D2021-06-18Director951
SCOTT RAYMOND W.Stock Award(Grant) at price 0.00 per share.D2021-06-18Director2.23k
BAIREY MERZ CATHLEEN NOELStock Award(Grant) at price 0.00 per share.D2021-06-18Director2.23k
KING KEVIN MConversion of Exercise of derivative security at price 35.25 per share.D2021-04-08Director2.84k
VORT DAVID AStock Award(Grant) at price 0.00 per share.D2021-03-01Officer3.25k
DAY MARK J PH.D.Stock Award(Grant) at price 0.00 per share.D2021-03-01Officer2.95k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to iRhythm Technologies Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on iRhythm Technologies Inc

Here is the result of two systematic investment strategies applied to iRhythm Technologies Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on iRhythm Technologies Inc

The following chart shows the equity curve of the two systematic investment strategies applied to iRhythm Technologies Inc:

iRhythm Technologies Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 8.0% on the backtest period.

Performance at glance

Performance

8.0 %

Latent gain

132.17 $

Invested capital

1652.15 $

Annualized return

1.95 %
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Momentum strategy results on iRhythm Technologies Inc

This is the result of two momentum investment strategies applied to iRhythm Technologies Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on iRhythm Technologies Inc

The following chart shows all the entries opened by the momentum investment system on iRhythm Technologies Inc:

iRhythm Technologies Inc momentum entries
  • The first momentum investment strategy would give 37.22% of return on iRhythm Technologies Inc. That represents 1708.02$ of latent gain with 4589.58$ of employed capital.
  • The second momentum investment strategy would give 48.54% of return on iRhythm Technologies Inc. That represents 1406.25$ of latent gain with 2897.11$ of employed capital.
Performance at glance (1Q Momentum)

Performance

37.22 %

Latent gain

1708.02 $

Invested capital

4589.58 $

Annualized return

30.6 %
Performance at glance (2Q Momentum)

Performance

48.54 %

Latent gain

1406.25 $

Invested capital

2897.11 $

Annualized return

13.41 %

Momentum equity curve on iRhythm Technologies Inc

The following chart shows the equity curve of the two momentum strategies applied to iRhythm Technologies Inc:

iRhythm Technologies Inc momentum equity

Note: the dividends potentially given by iRhythm Technologies Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on iRhythm Technologies Inc

The following chart shows the employed capital evolution of the two momentum strategies on iRhythm Technologies Inc since the beginning:

iRhythm Technologies Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on iRhythm Technologies Inc

Buy the dip entry openings on iRhythm Technologies Inc

iRhythm Technologies Inc

The performance achieved by the robo-advisor on iRhythm Technologies Inc is 64.26%. That represents 164.24$ of latent gain with 255.6$ of employed capital. The following chart shows iRhythm Technologies Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of iRhythm Technologies Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

64.26 %

Latent gain

164.24 $

Invested capital

255.6 $

Annualized return

30.6 %

Equity curve of the strategy applied to iRhythm Technologies Inc

The following chart shows the result of the investment strategy applied to iRhythm Technologies Inc:

iRhythm Technologies Inc

Note: the dividends potentially given by iRhythm Technologies Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on iRhythm Technologies Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on iRhythm Technologies Inc:

iRhythm Technologies Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on iRhythm Technologies Inc

In this section, I will compare the three previous investment strategies applied to iRhythm Technologies Inc.

Equity curve comparison on iRhythm Technologies Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

iRhythm Technologies Inc investment strategy comparison

Employed capital comparison on iRhythm Technologies Inc

iRhythm Technologies Inc investment comparison

Performance comparison on iRhythm Technologies Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 8.0% 132.17$ 1652.15$ 1.95%
Momentum 1 quarter 37.22% 1708.02$ 4589.58$ 9.64%
Momentum 2 quarters 48.54% 1406.25$ 2897.11$ 13.41%
Non-directional 64.26% 164.24$ 255.6$ 30.6%
Annualized return comparison

Automatic investment

1.95 %

Momentum 1Q

13.41 %

Momentum 2Q

13.41 %

Non-directional

30.6 %

Correlated stocks

Here are the most positively and negatively correlated stocks with iRhythm Technologies Inc:

Positive correlations

Most correlated stocks this year

  • iRhythm Technologies Inc

  • Most correlated stocks last 3 months

  • SINOTRUK
  • SJM HOLDINGS
  • iRhythm Technologies Inc
  • Trevena Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between iRhythm Technologies Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of iRhythm Technologies Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name iRhythm Technologies Inc
    Country United States
    City San Francisco
    Address 699 8th Street
    Phone 415 632 5700
    Website www.irhythmtech.com
    FullTime employees 1700
    Industry Medical Devices
    Sector Healthcare
    Exchange XNAS
    Ticker IRTC
    Market www.nasdaq.com

    iRhythm Technologies Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown