InMode Affirms Safety Of Management, Employees And Production Sites; Says We Don't Anticipate Any Interruption To Production. Our Inventory Levels Globally And In Israel Are Sufficient And Include Components And Subassemblies For The Next 3-Quarters
Portfolio Pulse from Benzinga Newsdesk
InMode Ltd. (INMD) has affirmed the safety of its management, employees, and production sites, stating that it does not anticipate any interruption to production. The company's inventory levels globally and in Israel are sufficient for the next three quarters. The contribution of revenues generated from Israel is less than 1%.
October 09, 2023 | 8:48 pm
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POSITIVE IMPACT
InMode Ltd. (INMD) has sufficient inventory for the next three quarters and does not anticipate any production interruption. Revenues from Israel are less than 1%.
The news is directly about InMode Ltd. (INMD) and its operations. The company's assurance of no production interruption and sufficient inventory levels for the next three quarters is a positive signal for investors, potentially leading to a short-term increase in the stock price. The fact that revenues from Israel are less than 1% minimizes the risk of any potential impact from geopolitical issues in the region.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100