Inogen (INGN) Tops Q1 EPS by 19c; Raises Outlook

Inogen (NASDAQ: INGN) reported Q1 EPS of $0.48, $0.19 better than the analyst estimate of $0.29. Revenue for the quarter came in at $79.1 million versus the consensus estimate of $63.86 million.

GUIDANCE:

Inogen raises FY2018 revenue of $310-320 million, versus the consensus of $304.32 million.

Further, the Company is also increasing its full year 2018 GAAP net income and non-GAAP net income guidance range to $38 to $41 million, up from $36 to $39 million, representing growth of 80.9% to 95.2% compared to 2017 GAAP net income of $21.0 million and growth of 33.0% to 43.5% compared to 2017 non-GAAP net income of $28.6 million.

Inogen is also increasing its guidance range for full year 2018 Adjusted EBITDA to $62 to $67 million, up from $60 to $64 million, representing 22.0% to 31.8% growth compared to 2017 results.

For earnings history and earnings-related data on Inogen (INGN) click here.

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