Inogen Q1 revenue up 8.1% to $78M; net loss narrows from $20.3M to $14.6M

Inogen Inc

2024-Q1 EPS reported -$0.62 revenue$78,025,000

Revenue $78.0M (+8.1% YoY) driven by higher international and domestic B2B sales.
GAAP net loss $14.6M vs $20.3M YoY; adjusted net loss $10.4M vs $14.5M.
Gross margin 44.1% up from 42.6%, helped by lower component costs.
Operating expenses down 3.8% to $50.6M; cash $119.8M, no debt outstanding.
CEO cites solid start; focused on revenue growth, profitability, and innovation pipeline.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Inogen Inc reported quarter ended March 31, 2024 results: revenue $78.0 million, net income $14.6 million.

Period: quarter ended March 31, 2024
Revenue: $78.0 million
Net income: $14.6 million
Result: reported results

Exact text from the filing

while strengthening our market leading position. I am excited for the future of Inogen.” First Quarter 2024 Financial Results First quarter total revenue increased 8.1% to $78.0 million from $72.2 million in the first quarter of 2023, primarily driven by higher international and domestic business-to business sales, partially offset by lower direct-to-consumer

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Source: SEC EDGAR

accession 0000950170-24-054483

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