InMode Reports Record Fourth Quarter and Full Year 2020 Financial Results; Quarterly Revenues of $75.2 Million Represent 60% Year over Year Growth

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Go back to InMode Reports Record Fourth Quarter and Full Year 2020 Financial Results; Quarterly Revenues of $75.2 Million Represent 60% Year over Year Growth

InMode Ltd. (INMD) Tops Q4 EPS by 19c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus, FY21 Revenue Mid-Point View Above Consensus

February 10, 2021 7:21 AM EST

InMode Ltd. (NASDAQ: INMD) reported Q4 EPS of $0.94, $0.19 better than the analyst estimate of $0.75. Revenue for the quarter came in at $75.2 million versus the consensus estimate of $70.76 million.

Fourth Quarter 2020 Financial Results

"Total revenues for the fourth quarter of 2020 were $75.2 million, an increase of 60% as compared to the fourth quarter of 2019. The increase in revenues was primarily attributable to the expansion of our direct sales organization in the United States and the continued momentum of our hands-free technology, as well as the recently introduced Morpheus8 Body fractional technology. Moreover, we continued to... More