Welcome to our dedicated page for Inogen news (Ticker: INGN), a resource for investors and traders seeking the latest updates and insights on Inogen stock.
Inogen reports recurring developments as a respiratory medical technology company serving homecare patients with chronic respiratory conditions. Its updates focus on financial results and outlook, portable oxygen concentrators, Simeox airway clearance, stationary oxygen concentrators, and Aurora CPAP masks for obstructive sleep apnea.
Company news also covers product introductions, clinical evidence and reimbursement work, international market activity, commercial partnerships, leadership and board changes, inducement equity awards, share repurchase actions, and investor conference participation.
Inogen (Nasdaq: INGN) reported its Q2 2024 financial results, showing a 6.1% increase in total revenue to $88.8 million. The growth was primarily driven by higher demand in international and domestic business-to-business sales. Gross margin improved to 48.1% from 40.7% in Q2 2023. However, the company still reported a GAAP net loss of $5.6 million, albeit reduced from $9.8 million in Q2 2023. Adjusted EBITDA turned positive at $1.3 million. Inogen maintains a strong financial position with $121.2 million in cash and no debt. The company projects full-year 2024 revenue between $325 million to $330 million, representing 3% to 5% growth over the previous year.
Inogen (Nasdaq: INGN), a medical technology company specializing in innovative respiratory products for homecare, has announced its plan to report second quarter 2024 financial results on August 6, 2024, after market close. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET on the same day.
Interested parties can join the call via phone or listen to the live audio webcast through the News / Events page on Inogen's Investor Relations website. The webcast will be archived for 6 months, and a replay of the call will be available until August 13, 2024. Inogen continues to use its Investor Relations website to disclose material non-public information and comply with Regulation FD.
Inogen (Nasdaq: INGN) has announced the appointment of Kevin P. Smith as General Counsel and Executive Vice President of Business Development, effective July 22, 2024. Smith brings nearly 30 years of experience in the medical technology and legal fields, having previously served at Sirtex Medical and Flexion Therapeutics. His extensive background in securities, business development, and intellectual property is expected to strengthen Inogen's legal and business strategy teams. CEO Kevin Smith emphasized the importance of Smith's role in maintaining the company's integrity and compliance.
Inogen, a medical technology company specializing in respiratory products, announced findings from a study published in Pulmonary Therapy. The research, sourced from France's national healthcare database (SNDS), analyzed over 244,000 long-term oxygen therapy patients from 2013-2020. Results demonstrated that portable oxygen concentrators (POCs), alone or combined with other oxygen modalities, improved survival rates and were cost-effective compared to stationary concentrators, compressed tanks, and liquid oxygen. Additionally, Inogen's higher mobility POC devices, with autonomy over 5 hours, showed better outcomes in survival, healthcare resource use, and related costs than lower mobility devices.
Inogen, Inc. (Nasdaq: INGN) announced their first quarter 2024 financial results, showing an 8.1% increase in total revenue to $78.0 million, accompanied by a total gross margin of 44.1%. The GAAP net loss was $14.6 million, with adjusted net loss at $10.4 million. Adjusted EBITDA was a negative $7.6 million. Inogen expects revenue for the second quarter of 2024 to be in the range of $81 million to $84 million. The company remains focused on revenue growth, profitability, and innovation to enhance their market position.
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