INGN Earnings Prediction
The chart below shows how INGN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, INGN sees a +0.66% change in stock price 10 days leading up to the earnings, and a +0.32% change 10 days following the report. On the earnings day itself, the stock moves by -1.76%. This data can give you a slight idea of what to expect for the next quarter's release.
INGN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
88.83M
5.80%
0.08%
Gross Margin
46.54%
15.74%
-3.34%
Operating Margin
-7.90%
-52.03%
16.18%
Net Margin
-6.71%
-87.68%
6.51%
EPS
-0.25
-87.31%
4.17%
No Data Available
INGN Earnings Analysis
Inogen Inc Corporation (INGN.O) Earnings Conference Call
Positive
Quarterly Revenue Achievement: In the third quarter, we delivered on this objective by achieving $89 million in total revenue, reflecting 6% year-over-year growth.
Strong B2B Revenue Growth: Our performance was led by strong POC sales through our business-to-business channels, where we drove over 20% year-over-year revenue growth for the second consecutive quarter.
Positive Cash Flow Generation: We generated $3 million of positive cash flow, strengthening our already resilient balance sheet.
Positive Cash Flow Achievement: This marks our second consecutive quarter of positive cash flow, a testament to our team's focus on ensuring every dollar spent is being allocated to position Inogen for growth.
Third Quarter Revenue Increase: Total revenue for the third quarter of 2024 was $88.8 million, an increase of 5.8% compared to the prior year.
Negative
Revenue Increase Offset: Total revenue for the third quarter of 2024 was $88.8 million, an increase of 5.8% compared to the prior year, but this was offset by lower direct-to-consumer sales and rental revenue.
Direct-to-Consumer Sales Decline: Direct-to-consumer sales decreased 23.2% to $19.2 million from $25.1 million in the prior period, indicating a significant decline in this segment.
Rental Revenue Decline: Rental revenue decreased 13.1% to $13.9 million from $16 million in the prior period, primarily driven by continued lower average billing rates due to the mixed shift to private payers.
Operating Expenses Reduction: Total operating expenses decreased to $49.1 million, compared to $80.5 million in the prior period, but included one-time impairment charges of $32.9 million, which significantly impacted the financial results.
Net Loss Improvement: In the third quarter of 2024, reported a GAAP net loss of $6 million, compared to a loss of $45.7 million in the third quarter of 2023, indicating ongoing financial challenges despite improvements.
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INGN Earning Call Sentiment
Inogen, Inc. (INGN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
INGN.O
2.17%Positive
The earnings call summary shows mixed results: strong B2B growth and improved gross margins are positive, but DTC sales decline and ongoing profitability challenges are concerning. The Q&A section reveals uncertainty about future cash flow and FDA interactions, which tempers optimism. Despite positive cash flow and adjusted EBITDA, the lack of clear guidance and declining DTC sales balance the positive aspects, suggesting a neutral outlook for stock price movement.