Inspire Medical Stock Price, News & Analysis

Inspire Medical Systems (NYSE: INSP) announced its upcoming participation in the UBS Global Healthcare Conference. The medical technology company, which specializes in minimally invasive solutions for obstructive sleep apnea, will present on Wednesday, November 13, 2024, at 11:00 a.m. Eastern Time.

The presentation will be available through a live webcast, with replay access remaining available for two weeks afterward in the Event Archive section of Inspire's Investor website.

Inspire Medical Systems, Inc. (NYSE: INSP) has announced it will release its third quarter 2024 financial results after the market closes on Monday, November 4, 2024. The company's management team will host a conference call at 5:00 p.m. Eastern Time to discuss the financial results and recent business developments.

Investors can access the earnings call webcast through the Investor Relations page of Inspire's website or via a provided link. Those planning to ask questions during the call should register using a separate link. Registration is recommended at least 10 minutes before the call starts. A replay of the call will be available on the company's Investor Relations website approximately two hours after the event and will be archived for two weeks.

Inspire Medical Systems, Inc. (NYSE: INSP), a medical technology company specializing in minimally invasive solutions for obstructive sleep apnea, has announced its participation in two upcoming investor conferences. The company will present at the Morgan Stanley 22nd Annual Global Healthcare Conference at 7:00 a.m. Eastern Time and the Wells Fargo 2024 Healthcare Conference at 3:00 p.m. Eastern Time, both on September 4, 2024.

Both presentations will be accessible via live webcasts, with links provided for each event. Replays of the presentations will be available for two weeks following the events in the Event Archive section of Inspire's Investor website at https://investors.inspiresleep.com.

Inspire Medical Systems, Inc. (NYSE: INSP) reported strong Q2 2024 financial results, with revenue growing 30% year-over-year to $195.9 million. The company achieved a gross margin of 84.8% and generated $5.1 million in operating income. Earnings per share reached $0.32. Inspire activated 81 new U.S. centers and created 12 new sales territories. The company received CE Mark Certification under EU MDR, countrywide reimbursement in France, and FDA approval for the Inspire V neurostimulation system. Based on strong performance, Inspire increased its full-year 2024 revenue guidance to $788-$798 million (26-28% growth) and raised EPS guidance to $0.60-$0.80.

Inspire Medical Systems, Inc. (NYSE: INSP), a medical technology company specializing in innovative solutions for obstructive sleep apnea (OSA), has announced its first-ever share repurchase program. The company's Board of Directors has authorized the repurchase of up to $150.0 million of outstanding common stock, set to expire on August 5, 2026.

CEO Tim Herbert highlighted the company's significant progress toward sustained profitability and strong revenue growth in Q2. The repurchase program reflects Inspire's financial strength and belief in its growth prospects, particularly following the recent FDA approval of the Inspire V therapy system. The company views its stock as undervalued and considers the repurchase an attractive investment opportunity.

Inspire Medical Systems, Inc. (NYSE: INSP) has received FDA approval for its Inspire V therapy system, a next-generation neurostimulator for treating obstructive sleep apnea (OSA). The system includes a new neurostimulator, Bluetooth® patient remote, and physician programmer. This approval is a significant milestone for Inspire therapy's future. The company is focusing on operational readiness, including product manufacturing and inventory buildup. Inspire plans a soft launch in late 2024 and a full launch in 2025 for the U.S. market. This advancement reinforces Inspire's commitment to developing innovative, minimally invasive solutions for OSA patients.

Inspire Medical Systems, Inc. (NYSE: INSP) has announced preliminary, unaudited results for Q2 2024 and updated its 2024 revenue outlook. The company, which specializes in minimally invasive solutions for obstructive sleep apnea, expects Q2 revenue of $195.9 million, a 30% increase year-over-year. U.S. revenue is anticipated to be $187.8 million, up 30%, while revenue outside the U.S. is expected to reach $8.1 million, a 27% increase.

Inspire has also raised its full-year 2024 revenue guidance to $788-$798 million, representing 26-28% growth over 2023. This is a $13 million increase from the initial guidance. The company cites strong execution and accelerating U.S. revenue growth as key factors in this positive outlook.

Inspire Medical Systems, Inc. (NYSE: INSP) has announced countrywide reimbursement for its Inspire therapy in France, expanding access to its innovative treatment for obstructive sleep apnea (OSA). This development marks a significant milestone for Inspire, as France represents the second-largest OSA market in Europe. The company's strategy of securing reimbursement before commercialization has proven successful, with France joining other key European countries in providing coverage for Inspire therapy.

Tim Herbert, Chairman and CEO of Inspire, emphasized the clinical efficacy and safety of their minimally invasive solution for moderate to severe OSA. The therapy, which received European Conformity Marking in 2010, is now poised to benefit French patients and physicians. Andreas Henke, Executive VP and Managing Director Europe, highlighted that this reimbursement approval provides French sleep physicians with a new therapeutic option for untreated OSA patients.

Inspire Medical Systems, Inc. (NYSE: INSP) has appointed Melissa J. Mann as Chief People Officer, effective July 22, 2024. Mann brings over 25 years of experience in human capital management, previously serving at UnitedHealth Group's Optum division and Target She replaces Steven L. Jandrich, who retired in May after 6 years with Inspire. Tim Herbert, Chairman and CEO, expressed excitement about Mann's ability to leverage her vast experience as the company continues to grow.

Mann's role will involve shaping the human capital strategy and ensuring a strong team and culture to support Inspire's mission of serving patients with untreated obstructive sleep apnea (OSA). The company has grown to over 1,000 team members under Jandrich's leadership.