Shares of iRhythm Technologies are falling after disclosing the company disclosed this morning that it will not file its quarterly report for the period ended September 30 within the prescribed time period. “As part of the Company’s efforts to remediate its previously disclosed material weaknesses, the Company identified errors affecting prior periods in the course of preparing the Form 10-Q that require further analysis,” iRhythm said in a regulatory filing. It added, “These errors may result in the correction of previously issued annual and quarterly financial statements. In addition, the error evaluation will include the assessment of any additional control deficiencies.” iRhythm intends to file its quarterly report “as soon as reasonably practicable.” The stock in midday trading is down 8%, or $5.44, to $61.98.
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