InMode to Report Fourth Quarter & Full Year 2024 Financial Results and Hold Conference Call on February 6, 2025, Expects Q4 Revenue Between $97.0M-$97.5M

Rhea-AI Summary

InMode (Nasdaq: INMD) announced it will release its Q4 and full year 2024 financial results on February 6, 2025, before the Nasdaq market opens. The company is finalizing its results, which are expected to reflect significant challenges in the aesthetics industry due to broader macroeconomic conditions.

Preliminary results indicate:

• Q4 revenue is expected between $97.0 million and $97.5 million.
• Full-year 2024 revenue is projected between $394.0 million and $394.5 million.
• Non-GAAP gross margin for the full year 2024 is expected to range from 80% to 81%.
• 2025 revenue is forecasted to be between $395 million and $405 million.

A conference call to discuss the results will be held on February 6, 2025, at 8:30 a.m. Eastern Time, featuring presentations from CEO Moshe Mizrahy, CFO Yair Malca, and CTO Dr. Michael Kreindel. Participants are encouraged to pre-register for the call to receive a unique dial-in for immediate access. The call will also be webcast live on InMode's website, with a replay available until February 13, 2025, and for 90 days on the company's website.

Positive

• Q4 revenue expected between $97.0 million and $97.5 million.
• Full-year 2024 revenue projected between $394.0 million and $394.5 million.
• Non-GAAP gross margin for the full year 2024 expected to range from 80% to 81%.
• 2025 revenue forecasted between $395 million and $405 million.

Negative

• Stronger-than-expected headwinds in the aesthetics industry due to macroeconomic challenges.

Insights

Financial Analyst

The preliminary Q4 2024 revenue guidance of $97.0-97.5 million signals concerning trends in InMode's business trajectory. This represents a substantial sequential decline from previous quarters and suggests significant challenges in the aesthetic device market. The full-year 2024 revenue projection of $394.0-394.5 million and conservative 2025 guidance of $395-405 million indicate minimal year-over-year growth expectations, reflecting persistent industry headwinds.

The projected non-GAAP gross margin of 80-81% remains robust, demonstrating InMode's ability to maintain pricing power despite market pressures. However, the flat growth outlook for 2025 raises concerns about market saturation and increasing competition in the aesthetic device space. The company's acknowledgment of "stronger-than-expected headwinds" coupled with macroeconomic challenges suggests potential weakness in consumer discretionary spending affecting procedure volumes and capital equipment purchases by medical practices.

Market Research Analyst

The aesthetic device market's current dynamics reveal broader sector-wide challenges. InMode's conservative guidance reflects a shifting landscape where medical aesthetics companies face increased scrutiny on capital expenditures from healthcare providers. The minimal growth projection between 2024 and 2025 suggests market maturation and possible saturation in key segments.

The sequential revenue decline and cautious outlook point to potential market share pressures and changing consumer behavior patterns in elective procedures. While the high gross margin indicates strong operational efficiency, the muted growth expectations may signal a need for strategic pivots or market expansion initiatives to maintain momentum. These headwinds could represent an inflection point for the entire aesthetic device industry, potentially leading to market consolidation or strategic repositioning among key players.

Conference call to be held on Thursday, February 6, 2025, at 8:30 a.m. Eastern Standard Time

YOKNEAM, Israel, Jan. 8, 2025 /PRNewswire/ -- InMode Ltd. (Nasdaq: INMD), a leading global provider of innovative medical technologies, announced today that it expects to release its financial results for the fourth quarter and full year 2024 before the Nasdaq market opens on Thursday, February 6, 2025.

InMode is currently finalizing its financial results for the fourth quarter and full year of 2024. Management believes that preliminary results reflect stronger-than-expected headwinds in the aesthetics industry, further intensified by broader macroeconomic challenges. While complete financial information and operating data are not yet available, set forth below are certain preliminary financial results for said periods, subject to final adjustments and other developments that may arise between now and the time such financial results are published. Based on preliminary results, management expects:

• Revenue for the fourth quarter of 2024 to be in the range of $97.0 million to $97.5 million and revenue for the full year of 2024 to be in the range of $394.0 million to $394.5 million
• Non-GAAP¹ gross margin for the full year of 2024 to be in the range of 80% to 81%
• Full year 2025 revenue to be in the range of $395 million to $405 million

¹Please refer to "Use of Non-GAAP Financial Measure" below for important information about non-GAAP financial measures. Non-GAAP results exclude share-based compensation.

InMode will host a conference call to discuss the fourth quarter and full year 2024 financial results on Thursday, February 6, 2025, at 8:30 a.m. Eastern Standard Time with presentations from management including Moshe Mizrahy, Chief Executive Officer, Yair Malca, Chief Financial Officer and Dr. Michael Kreindel, Chief Technology Officer.

The Company encourages participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10195703/fe3de01ec4. Callers will receive a unique dial-in upon registration, which enables immediate access on the day of the call. Participants may pre-register at any time, including up to and after the call start time.

For callers that opt out of pre-registration, please dial one of the following teleconferencing numbers. Please begin by placing your call 10 minutes before the conference call commences. If you are unable to connect using the toll-free number, please try the international dial-in number.

U.S. Toll-Free: 1-833-316-0562
Israel Toll-Free: 1-80-921-2373
International: 1-412-317-5736                                                                                      

Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=4AkhyaPz

At:

8:30 a.m. Eastern Time
5:30 a.m. Pacific Time

The conference call will also be webcast live from a link on InMode's website at https://inmodemd.com/investors/events-presentations/. A replay of the conference call will be available from February 6, 2025, at 12:00 p.m. Eastern Time to February 13, 2025, at 11:59 p.m. Eastern Time. To access the replay, please dial one of the following numbers:

Replay U.S. TOLL-FREE: 1-877-344-7529
Replay TOLL/INTERNATIONAL: 1-412-317-0088
Replay Pin Number: 4023671

A replay will also be available for 90 days on InMode's website at: https://inmodemd.com/investors/events-presentations/. 

About InMode

InMode is a leading global provider of innovative medical technologies. InMode develops, manufactures, and markets devices harnessing novel radiofrequency ("RF") technology. InMode strives to enable new emerging surgical procedures as well as improve existing treatments. InMode has leveraged its medically accepted minimally invasive RF technologies to offer a comprehensive line of products across several categories for plastic surgery, gynecology, dermatology, otolaryngology, and ophthalmology. For more information about InMode and its wide array of medical technologies, visit www.inmodemd.com.

Forward-Looking Statements

The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or InMode's future financial or operating performance, including, but not limited to, the 2025 revenue projection described above. Actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. In some cases, you can identify these statements because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will," "would" and similar expressions that concern our expectations, strategic plans or intentions. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Consequently, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in InMode's Annual Report on Form 20-F filed with the Securities and Exchange Commission on February 13, 2024, and our future public filings. InMode undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which pertain only as of the date of this press release.

Use of Non-GAAP Financial Measure

In addition to InMode's operating results presented in accordance with GAAP, this release includes non-GAAP gross margin. Because this measure is used in InMode's internal analysis of financial and operating performance, management believes that it provides greater transparency to investors of management's view of InMode's economic performance. Management also believes the presentation of this measure, when analyzed in conjunction with InMode's GAAP operating results, allows investors to evaluate and compare the performance of InMode to that of its peers, although InMode's presentation of its non-GAAP measure may not be comparable to other similarly titled measures of other companies more effectively.

 

Company Contact: Yair Malca Chief Financial Officer Email: Yair.Malca@inmodemd.com

Investor Relations Contact: Miri Segal MS-IR LLC Email: ir@inmodemd.com

Logo - https://mma.prnewswire.com/media/1064477/InMode_Logo.jpg

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SOURCE InMode Ltd.

FAQ

When will InMode release its Q4 and full year 2024 financial results?

InMode will release its Q4 and full year 2024 financial results on February 6, 2025, before the Nasdaq market opens.

What is the expected Q4 2024 revenue for INMD?

The expected Q4 2024 revenue for INMD is between $97.0 million and $97.5 million.

What is the projected full-year 2024 revenue for INMD?

The projected full-year 2024 revenue for INMD is between $394.0 million and $394.5 million.

What is the non-GAAP gross margin expectation for INMD in 2024?

The non-GAAP gross margin expectation for INMD in 2024 is between 80% and 81%.

What is the revenue forecast for INMD in 2025?

The revenue forecast for INMD in 2025 is between $395 million and $405 million.

How can I participate in INMD's conference call for Q4 and full year 2024 results?

You can pre-register for the conference call to receive a unique dial-in or use the provided teleconferencing numbers. The call will also be webcast live on InMode's website.

Will there be a replay available for INMD's Q4 and full year 2024 results conference call?

Yes, a replay will be available from February 6, 2025, at 12:00 p.m. Eastern Time to February 13, 2025, and for 90 days on InMode's website.