Inspire Medical Stock Price, News & Analysis

Inspire Medical Systems (NYSE: INSP) announced its participation in the KeyBanc Capital Markets Life Sciences & MedTech Investor Forum on March 21, 2023. The management team will present at 9:00 a.m. Eastern Time, and the presentation can be accessed via a live webcast. A replay will be available for two weeks post-event on Inspire's investor website. Inspire specializes in innovative solutions for obstructive sleep apnea, with its Inspire therapy being the first FDA-approved neurostimulation technology for treating moderate to severe cases. For more details, visit www.inspiresleep.com.

Inspire Medical Systems (NYSE: INSP) reported a significant milestone, achieving its first profitable quarter with a net income of $3.2 million for Q4 2022, contrasting with a loss of $2.4 million the previous year. The company's revenue reached $137.9 million in Q4, a 76% year-over-year increase. For the full year 2022, revenue totaled $407.9 million, a 75% increase. Inspire anticipates 2023 revenue between $560 million and $570 million, reflecting projected growth of 37% to 40%. Although gross margins declined slightly to 83.9% due to rising costs, continued expansion with new U.S. centers and sales territories supports positive momentum.

Inspire Medical Systems, Inc. (NYSE: INSP) will release its financial results for Q4 and fiscal 2022 on February 7, 2023, after market close. A conference call will follow at 5:00 p.m. ET to discuss the results and business updates. Investors can access the call through the company's Investor Relations page. Inspire specializes in innovative treatments for obstructive sleep apnea, with its Inspire therapy being the first FDA-approved neurostimulation technology for moderate to severe cases. Further details will be available on the company's website.

Inspire Medical Systems (NYSE: INSP) announced preliminary revenue results for Q4 and full year 2022, projecting revenues of $137.5 million to $137.9 million for Q4, reflecting a 76% increase year-over-year, and $407.5 million to $407.9 million for the full year, a 75% increase from 2021. The company activated 61 new medical centers and created 16 new sales territories in Q4. The full financial results will be reported on February 7, 2023. Inspire's therapy, which is FDA-approved for obstructive sleep apnea, continues to gain traction in the U.S. and Europe.

Inspire Medical Systems (NYSE: INSP) announced its participation in the 41st Annual J.P. Morgan Healthcare Conference on January 9, 2023, at 8:15 a.m. Pacific Time. The event will take place at the Westin St. Francis Hotel in San Francisco, CA. A live webcast of the presentation will be available, with a replay accessible for two weeks on Inspire's Investor website. Inspire specializes in minimally invasive solutions for obstructive sleep apnea, including its FDA-approved Inspire therapy, a neurostimulation technology for moderate to severe cases.

Inspire Medical Systems (NYSE: INSP) announced its participation in the Piper Sandler 34th Annual Healthcare Conference on November 30, 2022, at the Lotte New York Palace Hotel. The management team will present at 3:30 p.m. ET, with a live webcast available for viewers. Inspire focuses on innovative, minimally invasive solutions for obstructive sleep apnea and is recognized for its Inspire therapy, the first FDA-approved neurostimulation technology for moderate to severe cases. A replay of the presentation will be accessible on Inspire's investor website for two weeks afterward.

Inspire Medical Systems (NYSE: INSP) announced that its management team will present at the Stifel 2022 Healthcare Conference on November 16, 2022, at 2:25 p.m. ET. The event will take place at the Lotte New York Palace Hotel. A live webcast of the presentation will be available and can be accessed through Inspire’s investor website, which will also host a replay for two weeks afterwards. Inspire is known for its innovative solutions for obstructive sleep apnea, including the first FDA-approved neurostimulation therapy for moderate to severe cases.

Inspire Medical Systems reported a 77% revenue growth in Q3 2022, reaching $109.2 million, driven by increased utilization and expansion of U.S. medical centers. The company activated 59 new centers, totaling 844 centers and launched new technologies enhancing patient experience. Despite a net loss of $16.8 million, the company raised its 2022 revenue guidance from $354-$362 million to $384-$388 million. However, European revenue faced challenges due to exchange rates, with a 14% decrease in international sales.