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 the US Patent and Trademark Office has granted Patent No. 10.799.285 for its Morpheus8 full body fractional radiofrequency technology. This patent is part of InMode's strategy to protect its intellectual property and enhance shareholder value. The company has actively issued cease and desist notices to North American companies infringing on this patent. InMode's ongoing R&D efforts have established it as a leader in the medical aesthetics field, particularly with its Morpheus8 Subdermal Adipose Remodeling device.
InMode Ltd. (Nasdaq: INMD) announced a peer-reviewed study published in Lasers in Surgery and Medicine exploring the risks associated with plume emissions during skin resurfacing procedures. Conducted by leading medical professionals, the study found that the Erbium: YAG laser emitted over four times more particles than InMode's Morpheus8 fractional RF device, which showed minimal plume emission. The findings support the safety of Morpheus8 technology in elective procedures, according to InMode executives.
InMode Ltd. (Nasdaq: INMD), a leader in medical technologies, announced participation in two virtual investor conferences. The Jefferies Virtual Global Healthcare Conference will feature a presentation by CEO Moshe Mizrahy on November 18, 2020, at 10:50 a.m. EST. Following this, at 11:30 a.m. EST on November 19, 2020, CFO Yair Malca will engage in a fireside chat at the Canaccord Genuity Virtual MedTech & Diagnostics Forum. Live webcasts will be available at InMode's investor page, archived for 90 days.
InMode Ltd. (Nasdaq: INMD) has launched the Morpheus8 Body Multi-pulse Burst Radiofrequency Technology, enhancing the previously released Morpheus8 Body Subdermal Adipose Remodeling Device. This innovative technology employs a three-level sequential RF energy deployment, which reduces treatment times and minimizes skin injury. InMode's President highlighted that this launch solidifies the company’s leadership in fractional treatments. The Morpheus8 Burst technology is based on the Vulcanization Process, aiming to improve skin elasticity and strength.
InMode Ltd. (INMD) announced it will release third-quarter 2020 financial results on November 12, 2020. Preliminary results indicate record revenues between $59.2 million and $59.5 million and non-GAAP earnings per diluted share between $0.60 and $0.62. For the full year, revenue guidance is updated to a range of $192 million to $195 million.
This highlights InMode's robust performance driven by its innovative medical technologies, which the CEO claims are becoming the gold standard in minimally invasive surgical procedures.
InMode Ltd. (Nasdaq: INMD) has announced a share repurchase program for up to 1 million ordinary shares, approved by its Board of Directors. This initiative aims to enhance shareholder value amid anticipated increased demand for its medical technologies, particularly as elective surgeries resume. With a robust financial position and ongoing product launches, management expresses confidence in capturing market share and expanding its operations. The buyback will be funded by existing cash resources, allowing flexibility in execution.
InMode Ltd. (Nasdaq: INMD) has received FDA clearance for its new Morpheus8 Body handpiece and Morpheus8 Platform, making it the first technology to deliver RF energy at a thermal depth of 8mm. This advanced handpiece features 40 gold coated pins, designed for customizable full body fractional treatments. The Morpheus8 Platform includes dual handpieces and fractional tips for various applications. InMode aims to innovate within the RF fractional space, improving treatment options for physicians and patients. The official launch will take place at an event hosted by Dr. Stephen Mulholland from August 14-16, 2020.
InMode Ltd. (Nasdaq: INMD) reported a 21% decline in Q2 2020 revenue, totaling $30.8 million, compared to Q2 2019. GAAP net income fell to $8.6 million ($0.21 EPS), down from $15.8 million ($0.45 EPS) year-over-year. Despite challenges posed by the COVID-19 pandemic, the company is optimistic as elective surgeries resumed, leading to improved sales in June. The company's cash position remains strong at $203.4 million. For 2020, InMode anticipates revenues between $156-$160 million with gross margins of 84%-86%.
InMode Ltd. (Nasdaq: INMD) has announced participation in several virtual conferences in August 2020. Key executives, including CEO Moshe Mizrahy and CFO Yair Malca, will present at the UBS Genomics 2.0 and Medtech Innovations Virtual Summit and the Canaccord Genuity 40th Annual Growth Conference on August 13, 2020. They will also host investor meetings during the 5th Annual Needham Virtual Med Tech 1x1 Conference on August 17, 2020. Live webcasts of presentations will be available at InMode Investors.
InMode Ltd. (Nasdaq: INMD) has been recognized with multiple prestigious beauty awards for its innovative medical technologies. The non-invasive workstation, Evolve, won in the '2020 Beauty Awards' by Good Housekeeping, while Evoke received accolades in the 'Stronger Jawlines' category of Shape's Skin Awards. Additionally, AccuTite was acknowledged in Elle's '2019 Future of Beauty Awards.' These awards validate InMode's position as a leader in non-invasive medical technology and highlight the effectiveness of its devices in delivering exceptional results.