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Sep 30, 2024
Inogen Q3 2024 Earnings Report
Reported an increase in revenue driven by higher demand and new customer gains, offset by lower direct-to-consumer sales. Achieved positive adjusted EBITDA and a reduced net loss compared to the previous year.
Key Takeaways
Inogen reported a 5.8% increase in revenue to $88.8 million, driven by growth in the business-to-business channels. The company's gross margin improved to 46.5%, and operating expenses decreased due to a one-time goodwill impairment charge in the previous year. GAAP net loss was $6.0 million, with adjusted EBITDA at $0.5 million.
Total revenue increased by 5.8% to $88.8 million compared to Q3 2023.
Gross margin improved to 46.5% due to lower raw material costs.
Operating expenses decreased by 39.0% due to a one-time goodwill impairment charge in the prior year period.
GAAP net loss improved to $6.0 million, and adjusted EBITDA was a positive $0.5 million.
Revenue by Segment
Forward Guidance
Inogen now expects revenue for the full year 2024 to range from approximately $329 million to $331 million, which represents approximately 4% 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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