Inogen down 21% premarket on Q2 miss and guidance cut

Aug. 07, 2019 8:53 AM ETInogen, Inc. (INGN)By: Mamta Mayani, SA News Editor
  • Inogen (NASDAQ:INGN) Q2 results: Revenues: $101.1M (+4.0%); Sales: $95.9M (+4.2%); direct-to-consumer domestic sales: $5.2M (-1.9%).
  • Units sold: 56,500 (+3.3%).
  • Net Income: $10.2M (-30.1%); EPS: $0.45 (-30.8%); Non-GAAP EBITDA: $16.8M (-11.6%).
  • 2019 guidance: Revenue: $370M - 375M from $405M - 415M; net income: $23M - 25M from $36M - 38M; operating income: $26M - 28M from $42M - 44M; non-GAAP EBITDA: $49M - 51M from $66M - 68M.
  • Inogen has entered into a definitive agreement to acquire New Aera.
  • Shares are down 21% premarket.
  • Previously: Inogen EPS misses by $0.04, misses on revenue (Aug. 7)

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