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Mar 31, 2024
Inogen Q1 2024 Earnings Report
Inogen's Q1 2024 financial results were announced, showing revenue growth and a reduced net loss compared to the previous year.
Key Takeaways
Inogen reported an 8.1% increase in total revenue to $78.0 million for the first quarter of 2024, driven by higher international and domestic business-to-business sales. The company's GAAP net loss decreased to $14.6 million, and gross margin improved to 44.1%.
Total revenue increased by 8.1% to $78.0 million compared to Q1 2023.
Gross margin improved to 44.1% due to lower component premiums.
GAAP net loss decreased to $14.6 million from $20.3 million in the prior year.
Cash, cash equivalents, and marketable securities totaled $119.8 million with no debt outstanding.
Forward Guidance
Inogen expects revenue to be in the range of $81 million to $84 million for the second quarter of 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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