INMD - InMode stock shines on record topline results in Q4

InMode ([[INMD]] -0.6%) reports record Q4 revenues of $75.2M million, an increase of 60% vs. last year.Revenue breakup: 65% of quarterly revenues derived from our proprietary surgical technology platforms engaged in minimally invasive and subdermal ablative treatments, 28% from recently introduced hands-free platforms and 7% from our traditional laser and non-invasive RF platforms.Gross margins of 86% vs. 87% last year.Non-GAAP EPS of $0.94 beats consensus by $0.19; record GAAP EPS of $0.85 beats consensus by $0.18.Total cash position of $260.5M as of December 31, 2020.Moshe Mizrahy, CEO comments, "We reported outstanding 2020 results with record fourth quarter and full year financial performance, despite the disruptions caused by the COVID-19 pandemic. We took bold strategic steps this year to solidify our leading market position, expanding our sales & marketing efforts and increasing our headcount with the industry's top professionals." 2021 Outlook: Revenues between $250M-260M; Non-GAAP gross margin between 84-86%; Non-GAAP income from operations between $100M-104M; Non-GAAP EPS

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InMode stock shines on record topline results in Q4