Reports Q2 revenue $86.45M, consensus $101.67M. “The second quarter was challenging for InMode and for the aesthetics industry in general,” said Moshe Mizrahy, Chief Executive Officer. “The quarter was impacted mainly by macroeconomic factors and longer production time of new and complex platforms. However, we are encouraged by the level of interest and orders of our new platforms, Ignite and Optimus Max, and we believe that these advanced platforms will be growth catalysts. In addition, as the leading company in the industry, we continue to invest in research and development, and our innovation pipeline is strong. As we offer unique platforms and technologies that require adjustments to the production lines, I would like to recognize the commitment and dedication of our employees who work tirelessly to expedite the production and fulfill orders during these times,” Mizrahy concluded.
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