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InMode Expects Second Quarter 2023 Revenue Between $135.7-$135.9M, Increases Full Year 2023 Guidance, Expects Revenues of $530-540M
Conference call to be held on Thursday, July 27, 2023, at 8:30 a.m. Eastern Time YOKNEAM, Israel, July 12, 2023 /PRNewswire/ -- InMode Ltd. (NASDAQ: INMD), a
About this update from Inmode Ltd.
[{"type":"text","content":"Conference call to be held on Thursday, July 27, 2023, at 8:30 a.m. Eastern Time\nYOKNEAM, Israel, July 12, 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 second quarter of 2023 before the Nasdaq market opens on Thursday, July 27, 2023.\nInMode is currently finalizing its financial results for the three months ended June 30, 2023. While complete financial information and operating data are not yet available, set forth below are certain preliminary results of InMode's financial results for such period, subject to final adjustments and other developments that may arise between now and the time such financial results are finalized. Based on preliminary results, management expects:\nRevenue for the second quarter of 2023 in the range of $135.7 million to $135.9 millionNon-GAAP earnings1 per diluted share for the second quarter of 2023 in the range of $0.70 to $0.71Revenue for the full year of 2023 to be in the range of $530 million to $540 million, increased from previous guidance of $525-$530 million1Non-GAAP gross margin for the second quarter of 2023 in the range of 83% to 85%1Please refer to \"Use of Non-GAAP Financial Measures\" below for important information about non-GAAP financial measures. Non-GAAP results exclude share-based compensation.\nMembers of InMode's management team will host a conference call to discuss the second quarter of 2023 financial results on Thursday, July 27, at 8:30 a.m. Eastern Time. Participants will include Moshe Mizrahy, Chairman and Chief Executive Officer; Dr. Michael Kreindel, co-founder, and Chief Technology Officer; Yair Malca, Chief Financial Officer; Shakil Lakhani, President of North America; and Dr. Spero Theodorou, Chief Medical Officer.\nThe Company encourages participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10180180/f9c680d37c\nCallers will receive a unique dial-in upon registration, which enables immediate access on the day of the call. Participants may pre-register at any time, including up to and after the call start time. For callers that opt out of pre-registration, please dial one of the following teleconferencing numbers. Please begin by placing your call 10 minutes before the conference...