Inspire Medical Systems, Inc. Announces First Quarter 2020 Financial Results

Go back to Inspire Medical Systems, Inc. Announces First Quarter 2020 Financial Results

Inspire Medical Systems (INSP) Misses Q1 EPS by 10c; Withdraws Guidance

May 5, 2020 5:06 PM EDT

Inspire Medical Systems (NYSE: INSP) reported Q1 EPS of ($0.67), $0.10 worse than the analyst estimate of ($0.57). Revenue for the quarter came in at $21.3 million versus the consensus estimate of $21.26 million.

Following an extremely strong January and February, the impact of the ongoing COVID-19 pandemic was felt in our business through the postponement of substantially all of our Inspire implant procedures beginning in the second week of March in both the U.S. and Europe, said Tim Herbert, President and Chief Executive Officer... More