InMode Releases Preliminary Q3 Revenue, Lowers 2024 Revenue Outlook-February 2024-www.financetom.com

InMode Releases Preliminary Q3 Revenue, Lowers 2024 Revenue Outlook

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InMode Releases Preliminary Q3 Revenue, Lowers 2024 Revenue Outlook

Oct 10, 2024 11:09 PM

10:28 AM EDT, 10/10/2024 (MT Newswires) -- InMode ( INMD ) said Thursday that it expects Q3 revenue to be between $130.0 million and $130.1 million.

Analysts polled by Capital IQ expect $118 million.

The company said its estimate includes $31.9 million in revenue from new platform pre-orders received in H1 that were delivered and recognized as revenue in Q3.

InMode ( INMD ) also said it's decreasing its full year 2024 revenue guidance to between $410 million and $420 million from its previous guidance of $430 million to $440 million.

Analysts surveyed by Capital IQ expect $423.1 million.

The company added that due to the current situation in Israel, it's evaluating the possible relocation of certain production activities outside of the country.

The company said it will release Q3 results on Oct. 30.

InMode ( INMD ) shares were rising past 7% in recent trading.

Price: 16.18, Change: +1.13, Percent Change: +7.48

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