Inspire Q2 2023 Earnings Report
Key Takeaways
Inspire Medical Systems reported a strong second quarter with a 65% increase in revenue compared to the same quarter last year. The company also raised its full-year 2023 revenue guidance to between $600 million and $610 million.
Generated revenue of $151.1 million in the second quarter of 2023, a 65% increase over the same quarter last year
Achieved gross margin of 83.9% in the second quarter of 2023
Activated 72 new centers in the U.S. in the second quarter of 2023, bringing the total to 1,045 U.S. medical centers providing Inspire therapy
Created 19 new U.S. sales territories in the second quarter of 2023, bringing the total to 261 U.S. sales territories
Inspire
Inspire
Inspire Revenue by Geographic Location
Forward Guidance
Inspire is increasing its full year 2023 revenue guidance to between $600 million to $610 million, which would represent growth of 47% to 50% over full year 2022 revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income