Inogen Q2 revenue up 6.1% to $88.8M; net loss narrows to $5.6M

Inogen Inc

2024-Q2 EPS reported -$0.86 revenue$166,790,000

Total revenue $88.8M (+6.1% YoY) driven by international and domestic B2B sales.
GAAP net loss -$5.6M vs -$9.8M YoY; adjusted net loss -$1.6M vs -$5.8M.
Gross margin improved to 48.1% from 40.7% YoY on lower component costs.
Adjusted EBITDA turned positive at $1.3M from -$3.2M YoY.
Cash & equivalents $121.2M; no debt outstanding.

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