Inogen reports delayed earnings

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Tuesday, April 28, 2015

GOLETA, Calif. – Inogen reported earnings for the fourth quarter ended Dec. 31, 2014, and for the full year this week, more than one month late. The company reported revenues of $29.1 million for the fourth quarter, a 47.3% increase compared to the same period in 2013. Net income was $1.5 million vs. $22 million. Sales revenues were $18.4 million, a 64.9% increase; rental revenues $10.8 million, a 24.7% increase.The company reported revenues of $112.5 million for the year, a 49.2% increase compared to 2013. Net income was $6.8 million vs. $25.4 million. Sales revenues were $73.1 million, a 62.8% increase, and rental revenue $39.4 million, a 29.2% increase.Inogen saw the most growth in its business-to-business division, which saw revenues of $4.9 million for the fourth quarter, a 16.7% increase; and $19.3 million for the year, an 87.2% increase. The company updated its guidance for 2015 to $133 million to $137 million in revenues. Previously, it forecasted $130 million to $135 million.