- InMode Ltd (NASDAQ:INMD) has reported Q4 sales of $133.6 million, +21% Y/Y, beating the consensus of $129.14 million.
- The company posted an adjusted EPS of $0.78, surpassing the consensus of $0.67.
- The company recorded quarterly revenues from consumables and services of $17.1 million, an increase of 43% compared to the fourth quarter of 2021.
- “We are happy to report another record revenue year and continuously high profitable growth as we scale globally and reach a yearly revenue run rate nearing $500 million,” said Moshe Mizrahy, Chairman & CEO.
- “We also experienced a significant increase in our consumable sales, having sold over 230,000 consumables in the fourth quarter,” said Shakil Lakhani, President of InMode North America.
- The gross margin was 85%, with the operating margin down from 51% in Q4 FY21 to 50%.
- Guidance: InMode forecasts FY23 adjusted EPS of $2.58-$2.60 vs. $2.64 estimate, with revenues expected to be $525-$530 million compared to the consensus of $522.72 million.
- Price Action: INMD shares are up 8.044% at $36.67 on the last check Tuesday.
NOG Provides Q4 2023 Operations Update And Preliminary 2024 Guidance; Expects Q1 2024 Production Volumes To Be Slightly Lower Than Q4 Of 2023; Sees 20% YoY Growth In Production
Company Sees 20% Year over Year Growth in ProductionNorthern Oil and Gas, Inc. (NYSE:NOG) (the "Company" or "NOG") today announced a fourth quarter 2023 operations update, also highlighting elective Ground Game
