IRhythm Technologies Shares Rise After Narrower-Than-Expected 4Q Loss

Dow Jones02-21
 

By Chris Wack

 

Shares of IRhythm Technologies were up after the digital-healthcare company posted a fourth-quarter loss that was narrower than analysts expected.

IRhythm's stock was 8.2% higher, at $121.89, Friday morning. It has gained about 35% so far this year.

The San Francisco company on Thursday reported a loss of $1.3 million, or 4 cents a share. Analysts polled by FactSet were looking for a loss of $8.9 million, or 33 cents a share.

Revenue for the quarter was $164.3 million, ahead of the $158.1 million analysts were expecting.

IRhythm said its increase in fourth-quarter revenue was driven by sustained volume demand across all customer channels and cited specifically increases in the volume of its Zio Services. Its Zio platform is a wearable cardiac-monitoring system that helps diagnose arrhythmias.

The company expects 2025 revenue of $675 million to $685 million, while analysts are forecasting revenue of $681.4 million.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

February 21, 2025 11:13 ET (16:13 GMT)

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