Inogen Announces CFO Transition Plan; Names Mike Sergesketter As Interim Chief Financial Officer; Reaffirms 2023 Financial Guidance
Portfolio Pulse from Happy Mohamed
Inogen, Inc. (NASDAQ:INGN) has announced the appointment of Mike Sergesketter as Interim Chief Financial Officer, succeeding Kristin Caltrider who has stepped down for personal reasons. Sergesketter previously served as CFO of Kimball Electronics, Inc. and has over forty years of finance experience. Inogen has reaffirmed its 2023 financial guidance, expecting annual revenue of $315 million to $320 million and an Adjusted EBITDA loss of $20 million to $25 million.
September 07, 2023 | 12:45 pm
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NEUTRAL IMPACT
Inogen's appointment of Mike Sergesketter as Interim CFO and reaffirmation of its 2023 financial guidance could potentially stabilize the company's stock in the short term.
The appointment of a new CFO, especially one with Sergesketter's experience, can bring stability and confidence to the company's financial operations. The reaffirmation of the 2023 financial guidance also indicates that the company is on track with its financial plans, which can be seen as a positive sign by investors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100