InMode Reports Fourth Quarter and Full Year 2022 Financial Results; Record Quarterly Revenue of $133.6M Represents 21% Year-Over-Year Growth

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[{"type":"text","content":"YOKNEAM, Israel, Feb. 14, 2023 /PRNewswire/ -- InMode Ltd. (Nasdaq: INMD) (\"InMode\"), a leading global provider of innovative medical technologies, today announced its consolidated financial results for the fourth quarter and full year ended December 31, 2022.\nFourth Quarter 2022 Highlights:\nRecord quarterly revenue of $133.6 million, an increase of 21% compared to the fourth quarter of 2021. InMode's proprietary surgical technology platforms engaged in minimally invasive and subdermal ablative treatments represented 83% of quarterly revenues, while 9% came from InMode's hands-free platforms and 8% from InMode's traditional laser and non-invasive RF platforms.GAAP net income of $37.7 million, compared to $52.7 million in the fourth quarter of 2021; record *non-GAAP net income of $66.4 million, compared to $55.2 million in the fourth quarter of 2021.GAAP diluted earnings per share of $0.44, compared to $0.61 in the fourth quarter of 2021; record *non-GAAP diluted earnings per share of $0.78, compared to $0.64 in the fourth quarter of 2021.Record quarterly revenues from consumables and service of $17.1 million, an increase of 43% compared to the fourth quarter of 2021.Full Year 2022 Highlights:\nRecord full year revenues of $454.3 million, an increase of 27% as compared to 2021; 81% of revenues derived from our proprietary surgical technology platforms engaged in minimally invasive and subdermal ablative treatments, 10% from our hands-free platforms and 9% from our traditional laser and non-invasive RF platformsGAAP net income of $161.5 million, compared to $165 million in 2021; record *non-GAAP net income of $207.5 million, compared to $176.3 million in 2021GAAP diluted earnings per share of $1.89, compared to $1.92 in 2021; record *non-GAAP diluted earnings per share of $2.42, compared to $2.05 in 202129% increase in international (non-U.S.) revenues as compared to 2021 \nU.S. GAAP Results\n(U.S. dollars in thousands, except for per share data)\nQ4 2022\nQ4 2021\nFY 2022\nFY 2021\nRevenues\n$133,571\n$110,540\n$454,271\n$357,565\nGross Margins\n84 %\n85 %\n84 %\n85 %\nNet Income Attributable to InMode Ltd\n$37,708\n$52,685\n$161,520\n$164,971\nEarnings per Diluted Share\n$0.44\n$0.61\n$1.89\n$1.92\n*Non-GAAP Results\n(U.S. dollars in thousands, except for per share data)\nQ4 2022\nQ4 2021\nFY 2022\nFY 2021\nGross Margins\n85...

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