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  "documentTitle": "iRhythm Technologies, Inc. (IRTC)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2025-08-18 00:00:00",
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  "notes": "The slide uses a 'before-after' or 'claim-vs-reality' structure to expose a contradiction in management's public statements.",
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      "kind": "callout",
      "text": "These device failures call into question management’s claims of a 14-day wear period, as these failures occurred on average on day 10.",
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      "kind": "paragraph",
      "text": "Examining the MAUDE database used to track medical device adverse events and product problems for May 2025 alone, we found six Medical Device Reports (MDRs) related to transmission failures resulting from the transmission threshold.",
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      "kind": "source-note",
      "text": "Red box for Spruce Point emphasis. Source: MDR report 22096920, MDR report 22002066, MDR report 22001815, MDR report 21962035, MDR report 21950082, MDR report 21950081",
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      "text": "Grid of 6 MDR excerpts showing failure days (13, 13, 7, 8, 10, 10)",
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      "text": "Our Review Of iRhythm Medical Device Reports (MDRs) Suggests The Transmission Failures Persist",
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      "kind": "title",
      "text": "Excerpts From iRhythm MDRs Related to the Zio AT Filed in May 2025",
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