Inogen Q3 sales down 4%; earnings down 58%

Inogen (NASDAQ:INGN) Q3 results:

Revenue: $91.8M (-3.7%); sales: $86.4M (-3.7%); direct-to-consumer sales: $37.8M (-1.7%).

Net income: $6.9M (-57.9%); EPS: $0.31 (-57.5%), non-GAAP EBITDA: $12.8M (-21.5%).

2019 guidance: Revenue: $370M – 375M (unch); net income: $23M – 25M (unch); non-GAAP EBITDA: $49M – 51M (unch).

2020 guidance: Revenue: $410M – 415M; net income: $25M – 27M; non-GAAP EBITDA: $56M – 58M, net positive cash flow.

Previously: Inogen EPS beats by $0.08, beats on revenue (Nov. 5)

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