Inogen: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 04:56 PM ET
Last Updated - Jun 22, 2023, 07:50 PM EDT
GOLETA, Calif. (AP) — GOLETA, Calif. (AP) — Inogen Inc. (INGN) on Thursday reported a loss of $56.6 million in its fourth quarter.
On a per-share basis, the Goleta, California-based company said it had a loss of $2.47. Losses, adjusted for non-recurring costs and amortization costs, were 57 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
The produces oxygen concentrators for patients suffering from chronic respiratory conditions posted revenue of $88.1 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $88.6 million.
