Inogen reported a 15.3% increase in total revenue for Q4 2022, reaching $88.1 million. However, the company experienced a GAAP net loss of $56.6 million, primarily due to a one-time loss on disposal of intangible assets. Cash and cash equivalents stood at $187.0 million at the end of the year.
Total revenue increased by 15.3% to $88.1 million.
GAAP net loss was $56.6 million, including a one-time loss on disposal of intangible asset.
Adjusted net loss was $13.0 million and adjusted EBITDA was a loss of $10.6 million.
Cash and cash equivalents were $187.0 million as of December 31, 2022.
Inogen remains focused on its innovation pipeline to provide a foundation for growth along with judicious management of operating expenses to drive medium to long-term growth.
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