Inspire Increases 2024 Revenue Guidance To $788M-$798M, Representing 26%-28% Growth; Maintains Gross Margin Guidance Of 83%-85%; Raises 2024 Diluted Net Income Per Share Guidance To $0.60-$0.80; Maintains Guidance For Opening 52-56 New U.S. Medical Centers And 12-14 New U.S. Territories Per Quarter
Portfolio Pulse from Benzinga Newsdesk
Inspire has increased its 2024 revenue guidance to $788M-$798M, representing a 26%-28% growth. The company maintains its gross margin guidance of 83%-85% and raises its 2024 diluted net income per share guidance to $0.60-$0.80. Additionally, Inspire plans to open 52-56 new U.S. medical centers and 12-14 new U.S. territories per quarter.
August 06, 2024 | 8:06 pm
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Inspire has increased its 2024 revenue guidance to $788M-$798M, representing a 26%-28% growth. The company maintains its gross margin guidance of 83%-85% and raises its 2024 diluted net income per share guidance to $0.60-$0.80. Additionally, Inspire plans to open 52-56 new U.S. medical centers and 12-14 new U.S. territories per quarter.
The increase in revenue and EPS guidance, along with the expansion plans, indicates strong future performance and growth potential for Inspire. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100