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Jun 30, 2024
Inogen Q2 2024 Earnings Report
Reported an increase in revenue driven by higher demand and new customers, offset by lower direct-to-consumer sales and rental revenue.
Key Takeaways
Inogen reported a 6.1% increase in total revenue to $88.8 million for Q2 2024, driven by international and domestic business-to-business sales. The company's GAAP net loss decreased to $5.6 million, and adjusted EBITDA was a positive $1.3 million.
Second quarter total revenue increased 6.1% to $88.8 million from $83.6 million in the second quarter of 2023.
Total gross margin was 48.1% in the second quarter of 2024 versus 40.7% in the comparative period in 2023.
GAAP net loss for the second quarter of 2024 was $5.6 million compared to GAAP net loss of $9.8 million in the second quarter of 2023.
Adjusted EBITDA was a positive $1.3 million in the second quarter of 2024 compared to a negative $3.2 million in the second quarter of 2023.
Revenue by Segment
Forward Guidance
Inogen expects revenue for the full year 2024 to range from approximately $325 million to $330 million, which represents approximately 3% to 5% growth over the Company’s prior year revenue.
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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