Inogen Inc falls on wider Q4 loss

Inogen

28/02/2024 18:18

** Shares of medical device maker Inogen Inc  INGN.O  fall
34.6% to $6.11  
    ** Stock set for biggest one-day pct fall if losses hold 
    ** INGN reported on Tuesday wider Q4 net loss of $1.14 per
share compared to a loss of $2.47 per share in the year-ago
quarter  
    ** Reported Q4 revenue of $75.90 mln, missing analysts
estimates of $76.99 mln- LSEG data 
     ** Said the fall in revenue was due to a decrease in
domestic business-to-business sales and direct-to-consumer sales
    ** INGN expects Q1 2024 revenue in the range of $73 mln to
$74 mln vs analysts' estimates of $75.53 mln- LSEG data 
    ** Including session moves, stock has fallen 61.8% in the
last 12 months 

 (Reporting by Sneha S K)
 ((Sneha.SK@thomsonreuters.com;))