InMode Expects Q3 Revenue Between $130M-$130.1M (Including $31.9M In Revenue From First Half Of 2024 Pre-Orders), Decreases Full Year 2024 Guidance To $410M-$420M
Portfolio Pulse from Benzinga Newsdesk
InMode reports Q3 revenue expectations of $130M-$130.1M, including $31.9M from pre-orders, and lowers full-year 2024 guidance to $410M-$420M due to macroeconomic factors affecting the aesthetics industry.
October 10, 2024 | 12:32 pm
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InMode expects Q3 revenue of $130M-$130.1M, including $31.9M from pre-orders, and lowers full-year 2024 guidance to $410M-$420M due to macroeconomic factors impacting the aesthetics industry.
InMode's Q3 revenue includes a significant portion from pre-orders, indicating a one-time boost rather than organic growth. The reduction in full-year 2024 guidance suggests challenges in the aesthetics industry, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100