InMode Reports First Quarter 2020 Financial Results; Quarterly Revenues of $40.4 Million Represent 32% Year over Year Growth

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Go back to InMode Reports First Quarter 2020 Financial Results; Quarterly Revenues of $40.4 Million Represent 32% Year over Year Growth

InMode Ltd. (INMD) Misses Q1 EPS by 2c, Revenues Beat

May 6, 2020 7:14 AM EDT

InMode Ltd. (NASDAQ: INMD) reported Q1 EPS of $0.30, $0.02 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $40.44 million versus the consensus estimate of $37.88 million.

First Quarter 2020 Highlights:

Quarterly revenue of $40.4 million, an increase of 32% compared to the first quarter in 2019. In the first quarter of 2020, we derived approximately 61% of our U.S. revenues from our proprietary surgical technology platforms engaged in minimally invasive and subdermal ablative treatments, 37% of our U.S. revenues from our recently introduced Hands-Free platforms and only 2% of our U.S. revenues from traditional... More