INMD - InMode reports Q3 earnings beat; raises FY22 guidance above estimates

• InMode press release ( NASDAQ: INMD ): Q3 Non-GAAP EPS of $0.66 beats by $0.08 .
• Revenue of $121.2M (+28.7% Y/Y) beats by $5.11M .
• Non-GAAP gross margin for the third quarter of 2022 was 85% and 86% for the third quarter of 2021.
• Non-GAAP operating margin for the third quarter of 2022 and for the third quarter of 2021 was 51%.
• Total cash position of $486.4M as of September 30, 2022, including cash and cash equivalents, marketable securities, and short-term bank deposits.
• 2022 Financial Outlook : Revenue between $445 million and $450 million vs. consensus of $440.82M; Non-GAAP gross margin between 83% and 85%; Non-GAAP income from operations between $214 million and $217 million; Non-GAAP earnings per diluted share between $2.28 and $2.30 vs. consensus of $2.22.

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