Business
InMode Expects Record Fourth Quarter & Full Year 2022 Financial Results, Q4 Revenue Between $133.2M-$133.4M
Conference call to be held on Tuesday, February 14, 2023, at 8:30 a.m. Eastern Time YOKNEAM, Israel, Jan. 11, 2023 /PRNewswire/ -- InMode Ltd. (Nasdaq: INMD),
About this update from Inmode Ltd.
[{"type":"text","content":"Conference call to be held on Tuesday, February 14, 2023, at 8:30 a.m. Eastern Time\nYOKNEAM, Israel, Jan. 11, 2023 /PRNewswire/ -- InMode Ltd. (Nasdaq: INMD), a leading global provider of innovative medical technologies, announced today that it expects to release its financial results for the fourth quarter and full year 2022 before the Nasdaq market opens on Tuesday, February 14, 2023.\n\n \n \n \n \n \n \n\n \nInMode is currently finalizing its financial results for the fourth quarter and full year of 2022. While complete financial information and operating data are not yet available, set forth below are certain preliminary financial results for said period, subject to final adjustments and other developments that may arise between now and the time such financial results are published. Based on preliminary results, management expects:\nRecord revenue for the fourth quarter of 2022 to be in the range of $133.2 million to $133.4 million and revenue for the full year of 2022 to be in the range of $453.9 million to $454.1 millionRecord Non-GAAP1 earnings per diluted share for the fourth quarter and full year of 2022 to be in the range of $0.73 and $0.74 and $2.38 and $2.39, respectivelyNon-GAAP1 gross margin for the full year of 2022 to be in the range of 83% to 85%Full year 2023 revenue to be in the range of $525 million to $530 million1Please refer to \"Use of Non-GAAP Financial Measures\" below for important information about non-GAAP financial measures. Non-GAAP financial results exclude share-based compensation and certain tax adjustments. The Company applied the provisions of the amendment to the Investment Law to its exempt profits accrued prior to 2020 and made a one-time payment of $12.0 million to the Israeli Tax Authority. In addition, the Company reached agreement with the Israeli Tax Authority under which the Company will pay approximately $14.3 million on its undistributed exempt income for the year ended December 31, 2021. As a result, approximately $313.2 million of the Company's undistributed exempt income for years 2012 through 2021 may be distributed or used by the Company without being subject to additional corporate tax.\nInMode will host a conference call to discuss the fourth quarter 2022 financial results on February 14, at 8:30 a.m. Eastern Time with presentations from management including Moshe Mizrahy, ...