Why InMode Shares Surged 12.9% Today [The Motley Fool]
InMode Ltd. - Ordinary Shares (INMD)
Last inmode ltd. - ordinary shares earnings: 2/18 08:00 am
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Source: The Motley Fool
Why InMode Shares Surged 12.9% Today Wall Street is increasingly optimistic about this medical device company. After industry watchers at Wall Street research firms unveiled bullish ratings, shares of InMode ( NASDAQ:INMD ) jumped 12.9% on Wednesday. The medical device company markets equipment to harness RF frequencies to perform medical aesthetic and women's health procedures, including body contouring. It has been on a tear since it r eported strong top- and bottom-line second-quarter financials on Aug. 13, shortly after its initial public offering (IPO) on Aug. 8. In Q2, InMode's revenue grew 54.6% year over year to $38.8 million while its earnings per share under generally accepted accounting principles ( GAAP ) increased to $0.45 from $0.21 per diluted share a year earlier. At the time, management cited an expansion of its direct sales team, higher average selling prices, and an increase in the number of clinical workshops as reasons for its strong revenue performance. The earn
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News
- InMode Ltd. (NASDAQ:INMD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- InMode Ltd. (NASDAQ: INMD) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- InMode (INMD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- InMode Reports First Quarter 2024 Financial Results; Quarterly Revenue of $80.3M Represents 24% Year-Over-Year Decrease; Pro Forma Revenue (including new platform pre-orders not yet available) of $96M;PR Newswire
- InMode: More Headwinds Than Expected, Wait For A Floor To Materialize (Rating Downgrade) [Seeking Alpha]Seeking Alpha
INMD
Earnings
- 5/2/24 - Miss
INMD
Sec Filings
- 5/2/24 - Form 6-K
- 4/4/24 - Form 6-K
- 2/13/24 - Form SC
- INMD's page on the SEC website