Welcome to our dedicated page for Inmode news (Ticker: INMD), a resource for investors and traders seeking the latest updates and insights on Inmode stock.
InMode Ltd. reports developments in medical-technology devices that use radiofrequency technology for minimally invasive and non-invasive aesthetic and medical procedures. Company updates commonly address product platforms and treatment categories for plastic surgery, dermatology, gynecology, otolaryngology and ophthalmology, including face and body contouring, medical aesthetics and women's health.
Recurring news also covers GAAP and non-GAAP financial results, consumables and service revenue, regional performance in the United States and Europe, margin trends, investor-conference participation, board-reviewed strategic matters and capital allocation actions such as ordinary-share repurchase programs.
InMode Ltd. (Nasdaq: INMD) announced that key executives will present at the Needham 20th Annual Virtual Healthcare Conference on April 13, 2021, at 11:45 am EDT. The presentation will include insights from Mr. Moshe Mizrahy, Dr. Michael Kreindel, Mr. Yair Malca, Dr. Spero Theodorou, and Mr. Shakil Lakhani. Following the presentation, management will be available for one-on-one investor calls. A live webcast of the presentation will be accessible on the company's investor page, archived for 90 days. InMode specializes in innovative medical technologies, focusing on minimally-invasive RF devices.
InMode Ltd. (Nasdaq: INMD) has filed a complaint with the U.S. International Trade Commission, alleging that ILOODA's SecretRF microneedling system infringes on its U.S. Patent No. 10,799,285. InMode seeks an investigation into the infringement and an exclusion order against the importation of SecretRF. InMode's Chief Technology Officer emphasized the company's commitment to defending its intellectual property, which plays a crucial role in its strategic growth and innovation in minimally invasive medical technologies.
InMode Ltd. (Nasdaq: INMD) reported record financial results for Q4 2020 and the full year, driven by a 60% revenue increase to $75.2 million in Q4 and a 32% increase to $206.1 million for the year. The company achieved a GAAP net income of $36.1 million in Q4, up from $19.0 million in Q4 2019. For 2020, GAAP net income was $75.0 million, compared to $61.1 million in 2019. The company projects 2021 revenues of $250 million to $260 million, with non-GAAP earnings per diluted share expected between $2.34 and $2.45.
On January 12, 2021, InMode Ltd. (Nasdaq: INMD) announced its expectation for record revenues in Q4 2020, projected between $74.5 million to $75 million, and a full-year total of $205.5 million to $206 million. This surpasses prior guidance of $192 million to $195 million. Non-GAAP earnings per diluted share are expected to be $0.91 to $0.93 for Q4 and $2.08 to $2.10 for the full year. Additionally, the company provided a revenue guidance of $250 million to $260 million for 2021.
InMode Ltd. (Nasdaq: INMD) announced its participation in the 2021 ICR Conference held virtually from January 11-14, 2021. Shakil Lakhani, President of North America, and Dr. Spero Theodorou, Chief Medical Officer, will engage in a fireside chat on January 14, 2021, at 3:15 pm EST. A live webcast will be accessible to the public and archived for 90 days post-event. InMode specializes in innovative medical technologies utilizing radio-frequency (RF) technology, enhancing surgical procedures across multiple medical fields.
InMode Ltd. (Nasdaq: INMD) is set to present its corporate social responsibility (CSR) strategy in its annual 20-F filing, highlighting sustainable practices as it expands into new markets. The strategy aims to enhance local economies and stakeholder engagement. The first CSR report will focus on Product Safety and Supply Chain Management, aligning with sustainability metrics outlined by the SASB. CEO Moshe Mizrahy emphasized the company's commitment to safe, non-invasive medical devices that improve patient quality of life.
InMode Ltd. (Nasdaq: INMD) announced that CEO Moshe Mizrahy and CFO Yair Malca will present at the 23rd Annual Needham Growth Conference on January 14, 2021, at 8:30 am EST. The presentation will be available via live webcast to the public at their investor relations website, with an archive accessible for 90 days post-event. InMode specializes in innovative medical technologies utilizing radio-frequency technology, focusing on enhancing surgical and treatment processes across various medical fields.
La Belle Vie MedSpa & Wellness Center announces the grand opening of the Oasis Treatment Tent, a COVID-friendly outdoor setup featuring InMode's non-invasive Evolve and Forma treatments. Evolve is a hands-free platform designed for skin remodeling and muscle toning, reducing in-person interactions. Forma utilizes bipolar radiofrequency to enhance skin texture and is safe for all skin types. The tent opens on November 28, providing an innovative aesthetic solution while prioritizing health and safety.
InMode Ltd. (Nasdaq: INMD) reported record Q3 2020 revenues of $59.7 million, a 49% increase year-over-year. The company achieved a GAAP net income of $23.9 million, up from $16.2 million in Q3 2019, resulting in a diluted EPS of $0.57. Key revenue drivers included its proprietary surgical technology platforms and new hands-free solutions. Cash position stands at $234.3 million. Management anticipates 2020 revenues to be between $192 million and $195 million, with expected non-GAAP gross margins of 84%-86%.
Nanowear has received FDA Class II 510(k) clearance for SimpleSENSE, a groundbreaking cloth-based diagnostic platform. This multi-parameter remote diagnostic undergarment synchronously monitors cardiac, pulmonary, and circulatory health, capturing over 100 million data points daily. With the demand for telemedicine rising, SimpleSENSE offers clinicians a powerful tool for early patient intervention. As a response to the COVID-19 pandemic, Nanowear aims to assist in remote diagnostics across various healthcare areas. The company also plans to continue clinical trials related to heart failure and COVID-19.