Categories Earnings, Health Care

InMode Ltd. (NASDAQ: INMD): Q4 2019 Earnings Snapshot

— Medical devices company InMode Ltd. (NASDAQ: INMD) reported net income of $19.03 million or $0.46 per share for the fourth quarter of 2019, vs. $0.38 per share expected.

— Revenues grew 63% annually to $47 million from $28.8 million last year, vs. the consensus estimate of $42.28 million

— Total cash position was $193.4 million at the end of the quarter, including cash and cash equivalents, marketable securities and short-term bank deposits

— For fiscal 2020, management expects revenues to be in the range of $190 million to $198 million

— InMode is currently looking for full-year gross margins in the range of 85% to 87%

— Expects adjusted income from operations to be between $76 million and $80 million in fiscal 2020

— Expects adjusted earnings per share to be in the range of $1.85 to $1.93 in fiscal 2020

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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