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Jun 30, 2020
Inogen Q2 2020 Earnings Report
Inogen's financial performance declined due to COVID-19 impacts, but rental revenue increased.
Key Takeaways
Inogen reported a decrease in total revenue by 29.1% compared to the same period in 2019, primarily due to the COVID-19 pandemic. Net income also decreased from $10.2 million to $2.6 million. However, rental revenue saw an increase of 16.9% due to higher revenue per patient and an increase in patients on service.
Total revenue decreased by 29.1% year-over-year to $71.7 million due to COVID-19 impacts.
Net income was $2.6 million, a decrease from $10.2 million in the same period last year.
Rental revenue increased by 16.9% due to higher revenue per patient and more patients on service.
Cash, cash equivalents, and marketable securities totaled $218.6 million with no debt outstanding.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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