InMode Lowers 2024 Revenue Guidance; Sets 2025 Revenue Outlook; Shares Slump Pre-Bell

MT Newswires Live
08 Jan

InMode (INMD) said Wednesday that it now expects Q4 revenue to be in the range of $97.0 million to $97.5 million, and 2024 revenue to be in the range of $394.0 million to $394.5 million.

The full-year estimate has been lowered from previous guidance of $410 million to $420 million issued in October. Previous Q4 guidance was not available.

Analysts surveyed by FactSet expect Q4 and 2024 revenue of $114.2 million and $411.2 million respectively.

InMode said its preliminary Q4 and 2024 results "reflect stronger-than-expected headwinds in the aesthetics industry," which it said is compounded by "broader macroeconomic challenges."

The company said it expects 2025 revenue to be in the range of $395 million to $405 million. Analysts polled by Capital IQ are looking for $421.4 million.

Shares of InMode were down 12% in recent premarket activity.

Price: 15.33, Change: -2.07, Percent Change: -11.90

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