Inogen achieved significant growth in Q4 2024, with total revenue increasing by 5.5% to $80.1 million and a substantial improvement in gross margin to 45.3%. The company also significantly reduced its net loss and adjusted EBITDA loss compared to the prior year, indicating strong progress towards profitability.
Total revenue increased by 5.5% to $80.1 million in Q4 2024, driven by higher demand and new customers in international and domestic business-to-business sales.
Gross margin improved significantly to 45.3% in Q4 2024, up from 37.1% in Q4 2023, primarily due to lower raw material costs and operational efficiencies.
Net loss improved to $9.8 million in Q4 2024 from $26.6 million in Q4 2023, reflecting material cost reductions and operational efficiencies.
Adjusted EBITDA improved to negative $3.6 million in Q4 2024 from negative $17.3 million in Q4 2023, demonstrating progress towards profitability.
For the first quarter of 2025, Inogen expects revenue in the range of $79 million to $81 million, reflecting 1% to 4% reported growth. For the full year 2025, revenue is expected to be in the range of $352 million to $355 million, reflecting 5% to 6% growth, with gross margin in the range of 43% to 45%.
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