---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-020979"
form_type: "8-K"
ticker: "INGN"
cik: "0001294133"
company_name: "Inogen Inc"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T12:33:10.225193+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Inogen Q3 revenue rises 13.2% to $105.4M but swings to GAAP net loss of $9.5M

## Summary
- Total revenue $105.4M (+13.2% YoY); constant currency growth 14.5%.
- GAAP net loss of $9.5M vs net income of $12.2M in Q3 2021; adjusted net loss $4.1M.
- Gross margin 40.6% (down from 51.2%) on higher material costs and unfavorable channel mix.
- Adjusted EBITDA loss $1.2M vs positive $12.2M; cash $209.6M, no debt.
- Operating expense rose 28.5% to $53.1M driven by strategic investments and earnout adjustment.

## SEC filing metadata
- accession: 0000950170-22-020979
- form_type: 8-K
- ticker: INGN
- cik: 0001294133
- company_name: Inogen Inc
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1294133/000095017022020979/0000950170-22-020979-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1294133/000095017022020979/ingn-20221027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-020979
- JSON: https://secwatch.observer/filing/0000950170-22-020979.json
- Plain text: https://secwatch.observer/filing/0000950170-22-020979.txt

## Key facts
- Earnings Releases
  Inogen Inc reported the quarter ended September 30, 2022 results: revenue $105.4 million, net income $9.5 million.
  - Period: the quarter ended September 30, 2022
  - Revenue: $105.4 million
  - Net income: $9.5 million
  - Result: reported results
  source text: Third quarter total revenue increased 13.2% to $105.4 million from $93.1 million in the third quarter of 2021, primarily driven by higher domestic business-to-business sales, as well as continued strength in the rental channel, partially offset by lower international business-to-business and direct-to-consumer sales. Total gross margin was 40.6% in the third quarter of 2022 versus 51.2% in the comparative period in 2021. The decline was driven primarily by increased material costs and unfavorable sales channel mix, partially offset by higher average selling prices. Total operating expense for the quarter was $53.1 million compared to $41.3 million in the third quarter of 2021, representing an increase of 28.5%. The increased spend was primarily due to ongoing strategic investments required to position the Company for long-term sustainable growth. Additionally, there was a non-cash decrease in the benefit from the change in fair value of the New Aera earnout liability. GAAP net loss for
  evidence_url: https://www.sec.gov/Archives/edgar/data/1294133/000095017022020979/0000950170-22-020979-index.htm
- Governance Changes
  Inogen Inc: Amended and restated bylaws to revise director nomination procedures, stockholder meeting provisions, forum selection, board action by written consent, indemnification, and other updates to conform to Delaware law (effective 2022-10-27).
  - Change: bylaw amendment
  - Effective: 2022-10-27
  source text: On October 27, 2022, the Board of Directors (the “Board”) of the Company, acting upon the recommendation of the Nominating and Governance Committee of the Board, amended and restated the Company’s amended and restated bylaws, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1294133/000095017022020979/0000950170-22-020979-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.