Inogen Q3 revenue up 5.8% to $88.8M; adjusted EBITDA turns positive $0.5M

Inogen Inc

2024-Q3 EPS reported -$1.11 revenue$255,624,000

Revenue $88.8M (+5.8% YoY) driven by business-to-business gains; direct-to-consumer and rental revenue fell.
GAAP net loss narrowed to $6.0M from $45.7M; adjusted net loss $2.6M from $8.5M.
Adjusted EBITDA positive $0.5M vs negative $5.5M in Q3 2023; gross margin improved to 46.5% from 40.2%.
Operating expenses fell 39% to $49.1M (prior year included goodwill impairment).
Cash $124.3M, no debt; CEO cites progress toward sustainable profitability.

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