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Despite higher domestic business-to-business sales and rental revenues, Inogen's (INGN) overall second-quarter results reflect soft performances.
Although the revenue and EPS for Inogen (INGN) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Inogen, Inc. (NASDAQ:INGN ) Q2 2023 Earnings Conference Call August 7, 2023 4:30 PM ET Company Participants Agnes Lee - Senior Vice President, Investor Relations and Strategic Planning Nabil Shabshab - President and Chief Executive Officer Kristin Caltrider - Chief Financial Officer Conference Call Participants Brett Krizman - KeyBanc Capital Markets Operator Welcome to Inogen's Second Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded today, August 7, 2023.
Inogen (INGN) came out with a quarterly loss of $0.42 per share versus the Zacks Consensus Estimate of a loss of $0.64. This compares to loss of $0.02 per share a year ago.
Inogen's (INGN) latest acquisition is expected to leverage its commercial infrastructure and capabilities as well as potentially address a large growing bronchiectasis market.
Inogen's (INGN) revenue growth in the second quarter is likely to have been hampered by lower revenues in its business-to-business and direct-to-consumer channels.
Inogen's Q1 2023 results disappointed the market, despite management's confirmation that previously issued FY23E guidance remained unchanged. New product launches, including Rove 6 distribution in Europe, should provide a modest boost to revenue in coming quarters. With a debt-free balance sheet, and ~70% of the company's market capitalization supported by cash and investments, Inogen is a potential acquisition target.
GOLETA, Calif.--(BUSINESS WIRE)--Inogen to Present at 43rd Annual William Blair Growth Stock Conference.
Inogen, Inc. (NASDAQ:INGN ) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Agnes Lee – Senior Vice President-Investor Relations and Strategic Planning Nabil Shabshab – President and Chief Executive Officer Kristin Caltrider – Chief Financial Officer Conference Call Participants Mike Matson – Needham & Co. Matthew Mishan – KeyBanc Operator Welcome to Inogen's First Quarter 2023 Earnings Conference Call. At this time all participants are in a listen-only mode.
Despite higher domestic business-to-business sales and rental revenues, Inogen's (INGN) overall first-quarter results reflect soft performances.