INGN - Inogen stock rises 5% following Q4 results

Inogen (INGN +5.2%) rose pre-market following its Q4 results on Feb. 24 post market. Q4 total revenue rose 3.3% Y/Y to $76.4M, missing analysts' estimates of $76.60M. The increase was mainly driven by improved average selling prices, sustained demand, and the reduced impact of the COVID-19 pandemic and related public health emergency. “We have been nimble and decisive in looking to meet steady customer demand in the face of significant supply chain headwinds, including semiconductor availability and the resulting cost impact," said  Inogen’s President and CEO Nabil Shabshab. Domestic business-to-business sales in Q4 decreased 57.6% Y/Y to $10.3M, primarily due to the supply chain constraints that limited product availability in this channel. Domestic direct-to-consumer revenue grew 23.3% Y/Y to $33M, while rental revenue rose 39.4% Y/Y to $13M. Q4 total gross margin was 50.5%, compared to 46.0% in Q4 2020. Q4 Adjusted EBITDA was -$475K, compared to +$3M, in the year ago period. Q4

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Inogen stock rises 5% following Q4 results