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Sep 30, 2022
Inogen Q3 2022 Earnings Report
Announced third quarter financial results with double digit year-over-year revenue growth of 13.2%.
Key Takeaways
Inogen reported a 13.2% increase in revenue to $105.4 million compared to the third quarter of 2021. The increase was driven by higher domestic business-to-business sales and strength in the rental channel, offset by lower international business-to-business and direct-to-consumer sales. The company reported a GAAP net loss of $9.5 million and adjusted EBITDA was a loss of $1.2 million.
Total revenue was $105.4 million, a 13.2% increase year-over-year.
On a constant currency basis, total revenue increased 14.5% year-over-year.
GAAP net loss was $9.5 million, adjusted net loss was $4.1 million, and adjusted EBITDA was a loss of $1.2 million.
Cash and cash equivalents were $209.6 million as of September 30, 2022.
Revenue by Segment
Forward Guidance
Inogen projects revenue for the fourth quarter of 2022 to be in the range of approximately $87 million to $92 million, or approximately 14% to 20% growth year-over-year.
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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