Inogen Q1 2022 revenue down 7.5% YoY to $80.4M; net loss $0.62 per share

Inogen Inc

2022-Q1 EPS reported -$0.62 revenue$80,385,000

GAAP net loss $14.2M ($0.62/share); adjusted loss per share $0.39.
Revenue $80.4M, down 7.5% YoY, up 5.2% sequentially; domestic B2B fell 83.4% to $5.1M.
Gross margin declined 240 bps to 43.5% due to higher materials costs and temporary manufacturing shutdown.
No FY2022 revenue guidance; Q2 revenue expected to improve sequentially and be in line with Q2 2021; expects continued losses.
EU MDR submission for portable oxygen concentrators filed and under review.

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