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Dec 31, 2023
Inogen Q4 2023 Earnings Report
Inogen's revenue decreased primarily due to a decline in domestic business-to-business sales and direct-to-consumer sales, but was partially offset by higher rental revenue.
Key Takeaways
Inogen reported a Q4 2023 revenue of $75.9 million, a decrease compared to $88.1 million in Q4 2022. The GAAP net loss was $26.6 million, compared to a net loss of $56.6 million in the same quarter of the previous year.
Fourth quarter total revenue was $75.9 million, relative to $88.1 million in the fourth quarter of 2022.
Total gross margin was 37.1% in the fourth quarter of 2023 versus 33.5% in the comparative period in 2022.
GAAP net loss for the fourth quarter of 2023 was $26.6 million compared to GAAP net loss of $56.6 million in the fourth quarter of 2022.
Cash, cash equivalents and marketable securities were $128.5 million as of December 31, 2023, with no debt outstanding.
Revenue by Segment
Forward Guidance
Inogen expects revenue of $73 to $74 million for the first quarter 2024, reflecting 1% to 3% reported growth relative to the first quarter 2023.
Positive Outlook
- Revenue expected to grow 1% to 3% relative to Q1 2023.
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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