04:23 PM EDT, 05/07/2024 (MT Newswires) -- Inspire Medical Systems ( INSP ) reported a Q1 loss late Tuesday of $0.34 per diluted share, narrower than a loss of $0.53 a year earlier.

Analysts surveyed by Capital IQ expected a loss of $0.67.

Revenue for the quarter ended March 31 was $164 million, up from $127.9 million a year earlier.

Analysts surveyed by Capital IQ expected $161.1 million.

The company ]expects full-year 2024 earnings of $0.10 to $0.20 per share. Analysts surveyed by Capital IQ expect a loss of $0.40. The company expects revenue for the year of $783 million to $793 million, versus prior guidance of $775 million to $785 million. Analysts surveyed by Capital IQ expect $782.1 million.

Shares of the company dropped 15% in after-hours activity.

Price: 208.00, Change: -37.63, Percent Change: -15.32