InMode (INMD) has released an update.
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InMode Ltd. posted a 5.8% increase in third-quarter 2024 revenues, reaching $130.2 million, although the company adjusted its full-year revenue guidance down to between $410 million and $420 million. Despite challenges such as decreased demand for consumables and operational hiccups due to macroeconomic conditions and recent management changes, InMode maintains a strong cash position of $684.9 million. The company’s net income rose to $51.0 million, or $0.65 per diluted share, compared to the same quarter last year.
For further insights into INMD stock, check out TipRanks’ Stock Analysis page.
