InMode Posts Strong Q2 Results, Beating Estimates on Earnings and Revenue
July 29, 2022
InMode ($NASDAQ:INMD) posted strong second quarter results, beating estimates on both earnings and revenue. InMode’s press release announced that its second quarter non-GAAP EPS was $0.59, beating analyst estimates by $0.08. Revenue for the quarter was $113.55M, also beating estimates by $10.55M. This strong performance is likely to have a positive effect on InMode’s market value and earnings in the long term. Investors will be closely watching to see if the company can continue this momentum in the quarters to come.
However, media sentiment towards the company is mixed, with some praising the results and others expressing skepticism.
Company’s fundamentals reflect its long term potential. The VI app makes it easy to see the company’s financial and business risk factors. Based on VI Risk Rating, INMODE is a medium risk investment in terms of financial and business aspects. Potential risks in business and financial areas are detailed on our website.
The company’s stock price rose 13.9% following the news. InMode’s strong results were driven by strong growth in its core businesses. Looking forward, InMode is well positioned for continued growth. The company’s laser-based technologies are gaining market share in the global aesthetic market, and its minimally invasive surgical products are gaining traction with surgeons. In addition, InMode is expanding its product portfolio with new products that address unmet needs in the market. Overall, InMode is a strong company with a bright future.
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