INMD Stock: Why It Increased Today

By Amit Chowdhry ● Oct 12, 2021
  • The stock price of Inmode Ltd (NASDAQ: INMD) increased by over 9% during intraday trading today. This is why it happened.

The stock price of Inmode Ltd (NASDAQ: INMD) – a leading global provider of innovative medical technologies – increased by over 9% during intraday trading today. Investors are responding positively to InMode announcing that it expects to release its financial results for the third quarter of 2021 before the Nasdaq market opens on Tuesday, October 26, 2021.

InMode is currently finalizing its financial results for the third quarter of 2021. And while complete financial information and operating data are not yet available, below are certain preliminary financial results for the said period, subject to final adjustments and other developments that may arise between now and the time such financial results are published.

Based on the preliminary results, management is expecting:

  Record revenue for the third quarter of 2021 in the range of $93.5M-$94M

— Record Non-GAAP earnings per diluted share for the third quarter of 2021 in the range of $0.53-$0.54. And the earnings per diluted share reflect a 2-for-1 stock split effective September 30, 2021. (On a pre-split basis, pro forma earnings per diluted share for the third quarter of 2021 in the range of $1.06-$1.08)

— Revenue for the full year of 2021 will be in the range of $343M-$347M

— Non-GAAP gross margin for the full year of 2021 in the range of 84%-86%

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.