Brief: Inogen Reports Q2 2021 Financial Results

Inogen

04/08/2021 21:41

Aug 4 (Reuters) - Inogen Inc  INGN.O :
    * INOGEN ANNOUNCES SECOND QUARTER 2021 FINANCIAL RESULTS
    * Q2 GAAP EARNINGS PER SHARE $0.22
    * Q2 REVENUE $101.6 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$88.8 MILLION
    * Q2 EARNINGS PER SHARE ESTIMATE $-0.11 -- REFINITIV IBES
DATA
    * SEMICONDUCTOR CHIP SHORTAGE IS IMPACTING ABILITY TO SUPPLY
CUSTOMERS WITH BATTERIES AND PORTABLE OXYGEN CONCENTRATORS
    * INOGEN - EXPECT REVENUE GROWTH CONSTRAINTS & HIGHER COST
OF
GOODS SOLD PER UNIT STARTING IN Q3 OF 2021 VERSUS H1 OF 2021
UNTIL CHIP AVAILABILITY INCREASES
    * INOGEN - EXPECTS TOTAL REVENUE IN H2 OF 2021 TO BE LOWER
THAN H1
OF 2021, WITH LARGEST NEGATIVE IMPACT ON ITS DOMESTIC
BUSINESS-TO-BUSINESS CHANNEL
    * IN TOTAL, EXPECTS NET LOSSES IN BOTH THIRD AND FOURTH
QUARTERS
OF 2021 AND A NET LOSS FOR FULL-YEAR 2021

Source text for Eikon:  ID:nBw34Rq4ka 
Further company coverage:  INGN.O 

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