INMD - InMode sees 4Q20 and FY20 revenue above consensus

InMode (INMD) announces preliminary 4Q20 and FY20 results, with revenue expected in the range of $74.5M to $75M vs. $63.71M consensus and $205.5M to $206M (prior guided $192M to $195M) vs. $194.59M consensus.Non-GAAP EPS expected in the range of $0.91 to $0.93 vs. $0.62 consensus for Q4, and $2.08 to $2.10 vs. $1.79 consensus for FY.Company expects Non-GAAP gross margin for FY20 in the range of 84% to 86%.FY21 Outlook: Revenue expected to be in the range of $250M to $260M.“The company is founder led. Insiders own a large percentage of the company and haven't sold any shares this year, indicating confidence in the company and a long-term mindset,” mentions SA Contributor StockBros Research, with a Very Bullish rating.Shares +6.7% pre-market.

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InMode sees 4Q20 and FY20 revenue above consensus