Revenue Growth
Inogen delivered over $335 million in revenue for 2024, representing a 6.4% growth over the prior year. Fourth quarter revenue achieved was over $80 million, reflecting a 5.5% year-over-year growth.
Strategic Collaboration with Yuwell Medical
Inogen announced a collaboration and investment from Yuwell Medical, expediting entry into the Chinese market and adding $27 million in capital with a 9.9% ownership stake.
FDA Clearance for Simeox Device
In December, Inogen received FDA 510(k) clearance for the Simeox airway clearance device, expanding its product portfolio and addressing a larger patient population.
Improved Profitability Metrics
Inogen reported two quarters of adjusted EBITDA profitability in 2024 and expects continued improvement in 2025.
Advancements in Digital Health Offerings
Inogen launched updates to its digital health offerings, enhancing device connectivity and remote accessibility for patients and partners.