An investigation on behalf of investors of iRhythm Technologies, Inc. (NASDAQ: IRTC) shares over potential securities laws violations by iRhythm Technologies, Inc. and certain of its directors and officers in connection with certain financial statements was announced.
Investors who purchased shares of iRhythm Technologies, Inc. (NASDAQ: IRTC), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of iRhythm Technologies, Inc. (NASDAQ: IRTC) concerning whether a series of statements by iRhythm Technologies, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based iRhythm Technologies, Inc., a digital healthcare company, provides ambulatory electrocardiogram (ECG) monitoring products for patients at risk for arrhythmias in the United States. iRhythm Technologies, Inc. reported that its annual Total Revenue rose from $98.50 million in 2017 to $147.29 million in 2018 and that its Net Loss increased from $29.42 million in 2017 to $48.28 million in 2018.
Between March 13 and March 27, 2019, a series of reports alleged that the Company’s revenue base relied on “an exceedingly generous, but increasingly fragile, reimbursement regime.” These reports also alleged that iRhythm Technologies, Inc engaged in deceptive accounting practices.
Those who purchased shares of iRhythm Technologies, Inc. (NASDAQ: IRTC) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.