Company name:

iRhythm Technologies Inc

  • IPO SHARE PRICE:
    $17.00
  • IPO DATE:
    October 20, 2016
  • TICKER:
    IRTC
  • MAIN STOCK EXCHANGE:
    NASDAQ Global
  • CURRENT HQ LOCATION:
    699 8th Street Suite 600 San Francisco California
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

iRhythm Technologies Inc

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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
41.0% - Stock-based compensation
31.0% - Provision for (recovery of) bad debt expense
6.8% - Depreciation and amortization
5.9% - Cost of operating lease right-of-use assets
1.3% - Accrued liabilities
0.4% - (Accretion) amortization of investment discount premium net
SOURCEs
13.6% 5.9% 6.8% 31.0% 41.0%
100 %
0%
USES
37.4% 3.8% 6.1% 4.8% 43.2%
43.2% - Net income (loss)
37.4% - Accounts receivable
6.1% - Other assets
4.8% - Operating lease liabilities
3.8% - Accounts payable
3.0% - Prepaid expenses and other assets
1.4% - Inventory
0.3% - Deferred revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
 ($48,280) ($54,568) ($43,830) ($43,830) ($38,604)
Depreciation and amortization
$45,679
$45,679
$45,679
$45,679
 2,269 3,445 6,900 6,900 7,912
Cost of operating lease right-of-use assets
-
-
-
-
 - 8,953 6,030 6,030 24,120
Amortization of debt original issue discount and issuance cost Amortization of debt original issue discount and issuance cost
$45,679
$45,679
$45,679
$45,679
 210 37 - - -
Stock-based compensation
$45,679
$45,679
$45,679
$45,679
 16,329 26,241 41,515 41,515 55,992
Provision for (recovery of) bad debt expense
$45,679
$45,679
$45,679
$45,679
 15,218 24,647 31,431 31,431 125,724
(Accretion) amortization of investment discount premium net (Accretion) amortization of investment discount premium net
$45,679
$45,679
$45,679
$45,679
 (907) (884) 430 430 1,832
Interest expense
$45,679
$45,679
$45,679
$45,679
 - - - - -
Payment of paid-in-kind (PIK) interest
-
-
$45,679
$45,679
 (3,141) - - - -
(Gain) loss on sale of assets
$45,679
$45,679
$45,679
$45,679
 75 - - - -
(Gain) loss on repayment of debt
-
-
$45,679
$45,679
 3,029 - - - -
Change in fair value of preferred stock warrant liability Change in fair value of preferred stock warrant liability
$45,679
$45,679
$45,679
$45,679
 - - - - -
Accrued interest
$45,679
$45,679
-
-
 - - - - -
Accounts receivable
$45,679
$45,679
$45,679
$45,679
 (22,885) (28,725) (37,957) (37,957) (47,828)
Inventory
$45,679
$45,679
$45,679
$45,679
 (380) (1,974) (1,389) (1,389) (1,320)
Prepaid expenses and other assets
$45,679
$45,679
$45,679
$45,679
 (1,568) (696) (3,027) (3,027) (10,720)
Other assets
$45,679
$45,679
$45,679
$45,679
 269 (4,732) (6,149) (6,149) (10,844)
Accounts payable
$45,679
$45,679
$45,679
$45,679
 (192) 5,604 (3,881) (3,881) 3,276
Accrued liabilities
$45,679
$45,679
$45,679
$45,679
 10,776 6,002 1,308 1,308 26,692
Deferred rent
$45,679
$45,679
$45,679
$45,679
 105 - - - -
Deferred revenue
$45,679
$45,679
$45,679
$45,679
 5 28 (321) (321) (32)
Operating lease liabilities
-
-
-
-
 - (5,241) (4,819) (4,819) (5,136)
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
$45,679
 ($29,068) ($21,863) ($13,759) ($13,759) $31,272
Selected Year:
31-Dec
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
90.8% - Maturities of available-for-sale securities
9.2% - (Purchases) sale of available-for-sale securities
SOURCEs
9.2% 90.8%
100 %
0%
USES
91.5% 8.5%
8.5% - (Purchase) sale of property and equipment
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
(Increase) decrease in restricted cash and deposits
-
$45,679
-
-
 - - - - -
(Purchases) sale of available-for-sale securities
$45,679
$45,679
$45,679
$45,679
 5,962 1,498 14,525 14,525 -
Maturities of available-for-sale securities
-
$45,679
$45,679
$45,679
 126,493 95,600 144,145 144,145 190,000
(Purchase) sale of property and equipment
$45,679
$45,679
$45,679
$45,679
 (5,180) (20,457) (13,551) (13,551) (9,456)
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
$45,679
 $34,117 ($89,274) ($132,391) ($132,391) ($69,940)
Selected Year:
31-Dec
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
91.1% - Secondary (Follow-on) Public Offering net
8.9% - Proceeds from exercises of stock options and issuance of common stock under employee equity incentive plans (EEIP)
SOURCEs
8.9% 91.1%
100 %
0%
USES
94.7% 4.4%
4.4% - Employee withholding taxes paid upon settlement of restricted stock units
0.9% - Repayment of long-term borrowing
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Initial Public Offering (IPO) net
$45,679
-
$45,679
$45,679
 - - - - -
Secondary (Follow-on) Public Offering net
-
-
-
-
 - 107,369 206,025 206,025 (1,448)
Issuance of common stock
-
-
-
$45,679
 - 9,495 - - -
Issuance of convertible preferred stock
$45,679
$45,679
-
-
 - - - - -
Issuance of common stock from exercise of stock options Issuance of common stock from exercise of stock options
$45,679
$45,679
$45,679
$45,679
 9,319 - - - -
Proceeds from issuance of common stock upon exercise of warrants Proceeds from issuance of common stock upon exercise of warrants
$45,679
-
$45,679
$45,679
 - - - - -
Proceeds from exercises of stock options and issuance of common stock under employee equity incentive plans (EEIP) Proceeds from exercises of stock options and issuance of common stock under employee equity incentive plans (EEIP)
-
-
-
-
 - - 20,244 20,244 26,248
Deferred offering costs
$45,679
$45,679
$45,679
$45,679
 - - - - -
Long-term borrowing
$45,679
$45,679
$45,679
$45,679
 35,000 - - - -
Repayment of long-term borrowing
$45,679
$45,679
$45,679
$45,679
 (31,500) - (1,944) (1,944) (7,776)
Fees and costs related to Revolving Credit Facility
-
$45,679
-
-
 - - - - -
Fees for early debt repayment
-
-
$45,679
$45,679
 (2,518) - - - -
Long-term debt issuance costs
-
-
$45,679
$45,679
 (121) - - - -
Employee withholding taxes paid upon settlement of restricted stock units Employee withholding taxes paid upon settlement of restricted stock units
-
$45,679
$45,679
$45,679
 (3,877) (5,288) (10,009) (10,009) (5,188)
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
$45,679
 $6,303 $111,576 $214,316 $214,316 $11,836
Selected Year:
31-Dec
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$68,166,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
$45,679
 $8,671 $20,023 $20,462 - $381,344
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
 11,352 439 68,166 - (26,832)
Cash and equivalents - End of period
$45,679
$45,679
$45,679
$45,679
 $20,023 $20,462 $88,628 - $354,512