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Dec 31, 2021
Inogen Q4 2021 Earnings Report
Inogen's Q4 2021 financial results were announced, showing a slight increase in total revenue compared to the same period in 2020.
Key Takeaways
Inogen reported a 3.3% increase in total revenue for Q4 2021, reaching $76.4 million. The growth was driven by domestic direct-to-consumer sales and rental revenue, while international business-to-business sales also contributed positively. The company reported a net loss of $22.9 million, impacted by a non-cash income tax provision expense.
Total revenue increased by 3.3% year-over-year to $76.4 million.
Domestic direct-to-consumer revenue increased by 23.3% year-over-year to $33.0 million.
Rental revenue increased by 39.4% year-over-year to $13.0 million.
The company reported a net loss of $22.9 million, or $1.01 per diluted share.
Revenue by Segment
Forward Guidance
The Company continues to see ongoing uncertainty in the business mainly related to supply chain disruptions, in addition to increased cost of critical components, and the continued and varying impacts of the COVID-19 pandemic. As a result, the Company is not providing detailed guidance for 2022, but expects total revenue in the first quarter of 2022 to be similar to the fourth quarter of 2021 and expects 2022 full year-over-year revenue growth to be in the mid-single digit range versus 2021.
Positive Outlook
- Expects total revenue in the first quarter of 2022 to be similar to the fourth quarter of 2021.
- Expects 2022 full year-over-year revenue growth to be in the mid-single digit range versus 2021.
- Actively working with its suppliers both in the regular and open market channels to continue to procure necessary semiconductor chips.
- Working on certain product redesign opportunities.
- Plans to continue to make investments in clinical research, research and development, commercial operations and building the necessary infrastructure and capabilities to support future durable revenue growth and margin expansion.
Challenges Ahead
- Ongoing uncertainty in the business mainly related to supply chain disruptions.
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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