Inogen, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:10 pm EST
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Inogen, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 83.97 million compared to USD 105.39 million a year ago. Revenue was USD 83.97 million compared to USD 105.39 million a year ago. Net loss was USD 45.72 million compared to USD 9.51 million a year ago. Basic loss per share from continuing operations was USD 1.97 compared to USD 0.42 a year ago. Diluted loss per share from continuing operations was USD 1.97 compared to USD 0.42 a year ago.
For the nine months, sales was USD 239.76 million compared to USD 289.15 million a year ago. Revenue was USD 239.76 million compared to USD 289.15 million a year ago. Net loss was USD 75.89 million compared to USD 27.16 million a year ago. Basic loss per share from continuing operations was USD 3.28 compared to USD 1.19 a year ago. Diluted loss per share from continuing operations was USD 3.28 compared to USD 1.19 a year ago.
Inogen, Inc. is a medical technology company offering respiratory products for use in the homecare setting. The Company supports patient respiratory care by developing, manufacturing, and marketing portable oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions. Its Inogen One and Inogen Rove systems concentrate the air around the patient to offer a source of supplemental oxygen with a battery and can be plugged into an outlet when at home, in a car, or in a public place with outlets available. Its Inogen One systems reduces patients' reliance on stationary concentrators and oxygen compressed gas tanks. Its Inogen Connect is a wireless connectivity platform for the Inogen One G4, Inogen One G5 and Rove 6 consisting of a front-end mobile application for use by long-term oxygen therapy users and a back-end database portal for use by homecare providers. It also offers Simeox, which is an airway clearance device.
INOGEN, INC. 
