iRhythm Technologies, Inc.

iRhythm Technologies, Inc.

iRhythm Technologies, Inc.

Overview
Date Founded

2016

Headquarters

650 TOWNSEND STREET, SUITE 380, SAN FRANCISCO, CA, 94103

Type of Company

Public

Employees (Worldwide)

997

Industries

Medical Products & Equipment
IT Consulting & Services
Hospitals & Patient Services
Medical Support Services
Biotechnology

Company Description

iRhythm Technologies, Inc. engages in the development of monitoring and diagnostic solutions for detection of cardiac arrhythmias. It offers Zio XT, is a wearable patch-based biosensor, continuously records and stores ECG data from every patient heartbeat for up to 14 consecutive days; and Zio AT, also provides ECG data but also provides physicians with actionable notifications during the wear period. The company was founded by Uday N. Kumar in September 2006 and is headquartered in San Francisco, CA.

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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer & Secretary

Executive Vice President of Marketing

Executive Vice President of Strategy, Corporate Development & Investor Relations

Executive Vice President of Information Technology & Customer Service

Executive Vice President of Sales

Executive Vice President, Products & Chief Clinical Officer

Executive Vice President, Research & Development

Executive Vice President, Clinical Operations

Executive Vice President, Payer Relations & Market Access

Board of Directors

Co-Founder at Friends of the Children – San Francisco Bay Area

Former Chairman, President & Chief Executive Officer at Blue Shield of California

Chancellor Emeritus at Duke University

Board of Directors, Audit Committee Chair at Line 6, Inc.

Former Chief Financial Officer at YouSendIt, Inc.

President & Chief Executive Officer at iRhythm Technologies, Inc.

Former President at AccentHealth LLC

Medical Director at Cedars-Sinai Medical Genetics Institute

Former President & Chief Executive Officer at iRhythm Technologies, Inc.

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iRhythm Technologies, Inc.
Owners & Shareholders
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SCM employs fundamental, bottom-up, and company-focused research in their investment process. They maintain a single growth-oriented philosophy that is applied across all strategies. The Select Growth strategy provides clients with exposure to their growth opportunities through a concentrated portfolio of primarily large- and mid-capitalization growth businesses. Portfolio companies are primarily domiciled in the US but also include the equity securities of issuers in other developed and emerging markets. The firm's Global Growth strategy is a concentrated portfolio that typically includes issuers that are domiciled in both developed and emerging markets. Their Global Leaders strategy is almost the same with the Global Growth strategy. Sands' Emerging Markets Growth strategy is a concentrated portfolio that typically includes issuers that are domiciled in or have significant exposure to emerging and frontier markets. The firm's Technology Innovators strategy is a concentrated portfolio of growth businesses which may be publicly or privately held, with a particular emphasis placed on companies classified in the technology sector, typically including issuers. Sands' Focus strategy is a concentrated portfolio of primarily large-capitalization growth businesses that typically includes issuers. Portfolio companies are selected from Sands' other equity strategies.

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BCM provides investment services to clients on an individual basis, taking into consideration each client's investment objectives, goals, circumstances, and investment needs. When selecting securities and determining the total amount to be purchased or sold, the firm observes the investment policies, limitations and restrictions of the client accounts for which it advises. Their primary approach in evaluating securities is fundamental analysis. The investment strategy employed by BCM generally involves establishing long-term positions. The principal drivers for their sell discipline are: (1) when the fundamentals that spurred the original investment change adversely; (2) the security becomes overvalued, or; (3) it is determined that the security has been an investment mistake. Short sales, margin transactions and options (in all forms) are not utilized.

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WBIM is an active investment manager that utilizes a variety of methods and strategies to make investment decisions and recommendations. The firm employs both fundamental and technical research methods when evaluating investment opportunities. They offer a broad range of equity, fixed income, multi-asset, multi-currency, and systematic investment styles to clients.

Recent Transactions
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iRhythm Technologies, Inc. issued USD Common Stock

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iRhythm Technologies, Inc. issued USD Common Stock

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iRhythm Technologies, Inc. issued USD Common Stock

Insider Transactions
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Transaction Advisors
Underwriter

Advised oniRhythm Technologies, Inc. issued USD Common Stock

Underwriter

Advised oniRhythm Technologies, Inc. issued USD Common Stock

Underwriter

Advised oniRhythm Technologies, Inc. issued USD Common Stock

Underwriter

Advised oniRhythm Technologies, Inc. issued USD Common Stock

Associate

Advised oniRhythm Technologies, Inc. issued USD Common Stock

Legal Advisor

Advised oniRhythm Technologies, Inc. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Consultant

Chief Financial Officer at Imperative Care, Inc.

Clients

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

Key Stats and Financials As of 2019
Market Capitalization
$5.1B
Total Enterprise Value
$1.71B
Earnings Per Share
$-2.16
Revenue
$215M
Net Profit
$-54.6M
EBITDA
$-42.4M
EBITDAMargin
-19.74%
Total Debt
$129M
Total Equity
$135M
Enterprise Value / Sales
7.96x
TEVNet Income
-31.31x
Debt TEV
0.08x
Three Year Compounded Annual Growth Rate Of Revenue
49.61%
Non-Profit Donations & Grants
Investors
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Novo Ventures is an active manager which provides funding for early and later-stage capital requirements, and provides management support. The firm invests in both public and private companies from Northern Europe and the United States. Novo Ventures targets companies operating in the health technology and health services sector, and industries such as biotechnology and medical specialties. It looks to take minority stake positions in its investments, as well as a seat on the board.

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Synergy Life Science Partners focuses on investments in private, US early-stage medical device companies and emerging companies combine medical devices with therapeutic payloads such as drugs or biologics. The firm focuses on early-stage companies operating in large therapeutic areas including: cardiovascular, orthopedics/spine, ophthalmology, obesity/diabetes, oncology, gastro-intestinal disease, central and peripheral nervous system, aesthetics, genito-urinary and respiratory disease. They look for companies with productive, domain-experienced management teams and big ideas that are backed with focused, capital efficient, clinically-driven development plans and sound business models. Synergy Life Science Partners also looks for companies with unchallenged intellectual property that can maximize the platform's potential. Companies must have predictable and capital efficient regulatory and clinical paths and clear paths to procure adequate reimbursement. The firm invests in early-stage companies that are raising their first or second round of venture financing, that have met proof-of-concept. Synergy invests a portion of their funds in opportunities originated through Synecor, a medical incubator founded in 2000 by Richard Stack and Bill Starling.

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California HealthCare Foundation invests in companies located in US. The firm targets companies operating in the fields of health care services and information technology services. They provides financing for debt and buyout transactions.

Suppliers
Amazon.com, Inc. IT Consulting & Services | Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

XIFIN, Inc. Medical Support Services | San Diego, CALIFORNIA

XIFIN, Inc. engages as a healthcare information technology company. Its products and services include revenue cycle management, laboratory information systems, precision medicine informatics, and digital pathology consultation. The company was founded by Lâle White, Donald Lavigne, Michael Coats, and Jeffrey Yates in 1997 and is headquartered in San Diego, CA.

Kimball Electronics, Inc. Other Business & Consulting Services | Jasper, IN

Kimball Electronics, Inc. engages in the provision of engineering, manufacturing, and supply of chain services to customers in the automotive, medical, industrial and public safety end markets. It offers the following solutions: design services, rapid prototyping and new product introduction support, production and testing of printed circuit board assemblies, industrialization and automation of manufacturing processes, reliability testing, assembly, production, and packaging of other related non-electronic products, supply chain services, and complete product life cycle management. The company was founded in 1961 and is headquartered in Jasper, IN.

Competitors
General Electric Company Power & Utilities - Boston, MA

General Electric Co. engages in the provision of technology and financial services. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware and software, offshore wind turbines, solutions, products and services to hydropower industry, blades for onshore and offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines and turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines and materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases and finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

Koninklijke Philips NV Medical Products & Equipment - Amsterdam, Nld

Royal Philips Electronics of the Netherlands is a diversified Health and Well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 128,000 employees in more than 60 countries worldwide. With sales of EUR 27 billion in 2007, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare.

Hill-Rom Holdings, Inc. Medical Products & Equipment - Batesville, IN

Hill-Rom is a leading worldwide manufacturer and provider of medical technologies and related services for the health care industry, including patient support systems, safe mobility and handling solutions, non-invasive therapeutic products for a variety of acute and chronic medical conditions, medical equipment rentals, surgical products and information technology solutions. Hill-Rom's comprehensive product and service offerings are used by health care providers across the health care continuum and around the world in hospitals, extended care facilities and home care settings to enhance the safety and quality of patient care.

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