Inogen reported a decrease in total revenue for Q4 2020, primarily due to the COVID-19 pandemic's impact on direct-to-consumer and international business-to-business sales channels. However, the company saw a rebound in domestic business-to-business sales and strong growth in rental revenue.
Total revenue decreased by 6.3% to $74.0 million compared to the same period in 2019.
Domestic business-to-business sales increased by 17.9% to $24.2 million compared to the same period in 2019.
Rental revenue increased by 71.7% to $9.4 million compared to the same period in 2019.
Net loss was $5.1 million.
Due to unprecedented market uncertainties, the Company is unable to provide guidance for the full year 2021.
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