InMode reports Q3 non-GAAP EPS 70c, consensus 63c

Reports Q3 revenue $130.2M, consensus $127M. “The Q3 presented ongoing challenges for InMode (INMD),” said Moshe Mizrahy, CEO. “Macroeconomic conditions led to a decrease in demand for our consumables and new platform sales, while the launch of our latest platforms required extended adjustments to our production lines. Nevertheless, we believe our recent management changes will better align our operations with our strategic plan. We also take pride in our dedicated employees, whose hard work has allowed us to make faster-than-expected progress in fulfilling pre-orders.”