INMD - InMode Ltd. (INMD) Investigation: Bronstein Gewirtz & Grossman LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

NEW YORK, NY / ACCESSWIRE / December 7, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of InMode Ltd. ("InMode" or "the Company") (NASDAQ:INMD). Investors who purchased InMode securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/inmd.

The investigation concerns whether InMode has violated federal securities laws.

Investigation Details:

On December 6, 2023, InMode issued a press release "announc[ing] . . . that it is revising its full-year 2023 guidance", citing "stronger-than-expected headwinds from the current macroeconomic environment, resulting in a slowdown in platform sales, mainly in North America." Specifically, InMode stated that it expects "Revenue for the full year 2023 to be in the range of $485 million to $495 million, as compared to the prior estimated range of $500 million to $510 million"; "Non-GAAP gross margin for the third quarter of 2023 to remain in the range of 83% to 85%"; "Non-GAAP income from operations to be in the range of $214 million to $218 million, as compared to the prior estimated range of $220 million to $225 million"; and "Non-GAAP earnings per diluted share for the full year 2023 to be in the range of $2.47 to $2.50, as compared to the prior estimated range of $2.53 to $2.57." On this news, InMode's stock price fell sharply during intraday trading on December 6, 2023.

What's Next?

If you are aware of any facts relating to this investigation or purchased InMode securities, you can assist this investigation by visiting the firm's site: bgandg.com/inmd. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC