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Inogen (INGN)
NASDAQ:INGN
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.61Last Year’s EPS
-$1.14Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -10.36%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with significant revenue growth, especially in business-to-business channels, and positive cash flow as key highlights. However, challenges remain in the direct-to-consumer and rental segments, with increasing operating expenses and anticipated adjusted EBITDA losses being notable lowlights.Company Guidance
During Inogen's Q3 2024 earnings call, the company provided guidance on several key metrics and strategic priorities. Total revenue for the quarter reached $88.8 million, marking a 5.8% year-over-year increase, driven primarily by a 35.1% rise in domestic business-to-business revenue and a 26.2% increase in international business-to-business revenue. However, direct-to-consumer (DTC) sales decreased by 23.2% to $19.2 million, attributed to operating with a streamlined sales force. Inogen reported a second consecutive quarter of positive cash flow, generating $3 million, and achieved an adjusted EBITDA profitability of $0.5 million. Gross margins improved to 46.5%, up 630 basis points from the previous year, largely due to lower raw material costs. The company raised its full-year 2024 revenue expectations to between $329 million and $331 million, reflecting a growth of approximately 4% to 5%. The launch of the Rove 4, a new portable oxygen concentrator, was highlighted as a significant innovation expected to impact future growth, particularly in the DTC channel.Revenue Growth
In the third quarter of 2024, Inogen achieved $89 million in total revenue, reflecting a 6% year-over-year growth. The business-to-business channels drove over 20% year-over-year revenue growth for the second consecutive quarter.
Positive Cash Flow
Inogen generated $3 million of positive cash flow in the third quarter, marking the second consecutive quarter of positive cash flow.
New Product Launch
The company announced the launch of the Rove 4, a portable oxygen concentrator (POC) with new features, including up to 840 milliliters of medical-grade oxygen per minute and up to 5 hours and 45 minutes of battery life.
Business-to-Business Revenue Increase
Domestic business-to-business revenue increased 35.1% to $23.4 million, and international business-to-business revenue increased 26.2% to $32.3 million.
Gross Margin Improvement
Total gross margin was 46.5%, increasing 630 basis points from the same period in the prior year.
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INGN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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INGN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $9.46 | $11.09 | +17.23% |
| Aug 06, 2024 | $8.15 | $11.08 | +35.95% |
| May 07, 2024 | $7.30 | $8.24 | +12.88% |
| Feb 27, 2024 | $9.34 | $6.29 | -32.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Inogen (INGN) report earnings?
Inogen (INGN) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Inogen (INGN) earnings time?
Inogen (INGN) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INGN EPS forecast?
INGN EPS forecast for the fiscal quarter 2024 (Q4) is -$0.61.
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