earnings
confidence high
sentiment negative
materiality 0.75
Inogen Q2 revenue $103.4M (+1.8% YoY) but GAAP net loss $3.4M vs $5.1M income a year ago
Inogen Inc
2022-Q2 EPS reported
-$0.77
revenue$183,761,000
- Total revenue $103.4M, up 1.8% YoY (3.6% constant currency) and 28.6% sequentially from Q1; international sales and domestic rentals drove growth.
- GAAP net loss of $3.4M compared to net income of $5.1M in Q2 2021; adjusted net loss $0.4M vs adjusted net income $1.8M.
- Gross margin fell to 44.7% from 49.6% on higher material prices and warranty costs, partially offset by higher ASP and favorable mix.
- Adjusted EBITDA was $3.2M, down from $12.4M in prior-year quarter; operating expenses rose 27.1% to $49.1M.
- Cash and equivalents $223.6M as of June 30, 2022; no explicit guidance provided for remainder of year.