InMode Reports First Quarter 2021 Financial Results: Quarterly Revenues of $65.5 Million Represent 62% Year over Year Growth. GAAP Earnings per Share of $0.63, 320% Year over Year Growth

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Go back to InMode Reports First Quarter 2021 Financial Results: Quarterly Revenues of $65.5 Million Represent 62% Year over Year Growth. GAAP Earnings per Share of $0.63, 320% Year over Year Growth

InMode Ltd. (INMD) Tops Q1 EPS by 16c, Revenues Beat; Offers FY21 EPS/Revenues Guidance Above Consensus

May 5, 2021 7:19 AM EDT

InMode Ltd. (NASDAQ: INMD) reported Q1 EPS of $0.69, $0.16 better than the analyst estimate of $0.53. Revenue for the quarter came in at $65.5 million versus the consensus estimate of $56.21 million.

First Quarter 2021 Highlights:

Quarterly revenues of $65.5 million, an increase of 62% compared to the first quarter of 2020: 69% of quarterly revenues derived from InMode's proprietary surgical technology platforms engaged in minimally invasive and subdermal ablative treatments, 24% from InMode's hands-free platforms and 7% from InMode's traditional laser and non-invasive RF platformsGAAP net income of $26.6 million, compared to $6.4 million in the first quarter of 2020; *non-GAAP net income of... More