Business
InMode Reports Record Fourth Quarter and Full Year 2019 Financial Results
Quarterly Revenues of $47 Million Represent 63% Year over Year Growth YOKNEAM, Israel, Feb. 18, 2020 /PRNewswire/ -- InMode Ltd. (Nasdaq: INMD) ("InMode"), a
About this update from Inmode Ltd.
[{"type":"text","content":"Quarterly Revenues of $47 Million Represent 63% Year over Year Growth\n\n\nYOKNEAM, Israel, Feb. 18, 2020 /PRNewswire/ -- InMode Ltd. (Nasdaq: INMD) (\"InMode\"), a leading global provider of innovative medical technologies, today announced financial results for the fourth quarter and full year ended December 31, 2019.\n\n \n \n\n \nFourth Quarter 2019 Highlights:\nRecord quarterly revenue of $47 million, an increase of 63% compared to the fourth quarter in 2018 GAAP net income attributable to InMode Ltd. of $19.0 million, compared to a $0.2 million loss attributable to InMode Ltd. in the fourth quarter in 2018; *non-GAAP net income attributable to InMode Ltd. of $19.3 million GAAP and *non-GAAP fully diluted earnings per share of $0.46 Total cash position of $193.4 million as of December 31, 2019, including cash and cash equivalents, marketable securities and short-term bank deposits Full Year 2019 Highlights:\nRecord full year revenue of $156.4 million, an increase of 56% as compared to 2018 GAAP net income attributable to InMode Ltd. of $61.1 million, a 173% increase year-over-year; *non-GAAP net income attributable to InMode Ltd. of $62.4 million, a 95% increase year-over-year GAAP fully diluted earnings per share of $1.60, an increase of 158% as compared to 2018; *non-GAAP fully diluted earnings per share of $1.63, an increase of 81% year-over-year 68% increase in international (non-U.S.) revenue as compared to 2018 \nU.S. GAAP Results\n(U.S. dollars in thousands, except for per share data)\nQ4 2019\nQ4 2018\nFY 2019\nFY 2018\nRevenues\n$47,002\n$28,783\n$156,361\n$100,162\nGross Margins\n87%\n86%\n87%\n85%\nNet Income (Loss)\nAttributable to InMode Ltd.\n$19,038\n$(213)\n$61,145\n$22,371\nEarnings (Loss) per Diluted Share\n$0.46\n$(0.01)\n$1.60\n$0.62\nNon-GAAP Results(U.S. dollars in thousands, except for per share data)\n Q4 2019\nQ4 2018\nFY 2019\nFY 2018\nNet Income Attributable to InMode Ltd.\n$19,311\n$7,826\n$62,390\n$31,916\nEarnings per Diluted Share\n$0.46\n$0.22\n$1.63\n$0.90\n*Please refer to \"Use of non-GAAP Financial Measures\" below for important information about non-GAAP financial measures. A reconciliation between U.S. GAAP and non-GAAP Statement of Income is provided following the financial statements that are part of this release. Non-GAAP results exclude stock-based compensation, legal settlements and...