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Tag: Inogen


Vendors

Inogen makes progress on supply chain, backlog

August 5, 2022Liz Beaulieu, Editor

GOLETA, Calif. – Inogen’s CEO is “cautiously optimistic” that the company has made enough progress mitigating supply chain challenges that it can project revenue growth of 4% to 7% in the third quarter this year compared to the same period last year.  The company now projects revenues of about $97 million to $100 million in Q3.  “While we have not mitigated all the supply risks, we feel we are making adequate progress to secure most of the needed parts...

Inogen, supply chain constraints


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Vendors

Inogen reports slight increase 

August 5, 2022HME News Staff

GOLETA, Calif. – Inogen reported total revenues of $103.4 million for the second quarter of 2022, a 1.8% increase compared to the same period in 2021 and a 28.6% increase compared to the prior quarter.  “We delivered solid performance in the quarter driven by our ability to fulfill customer demand, while effectively managing supply chain challenges and macro headwinds,” said Nabil Shabshab, Inogen’s president and CEO.  Other financial results:  Adjusted...

Financial Results, Inogen, Portable Oxygen Concentrator


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Vendors

Inogen tries to ‘block and tackle’ supply chain challenges

May 6, 2022Liz Beaulieu, Editor

GOLETA, Calif. – Supply chain challenges, as well as a temporary shutdown at facilities in Texas and California earlier this year, forced Inogen to prioritize available supply in the first quarter of 2022 to its domestic direct-to-consumer and rental channels, contributing to an 83.4% drop in revenues for its business-to-business channel.  “As of early May, we have started shipments to our domestic B2B channel in order to alleviate some of the backlog in our system,”...

Inogen, Nabil Shabshab, Portable Oxygen Concentrators


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Vendors

Inogen: ‘We continue to address higher costs’ 

May 6, 2022HME News Staff

IGOLETA, Calif. – Inogen reported total revenue of $80.4 million for the first quarter of 2022, down 7.5% from the same period in 2021, primarily due to supply chain constraints.  The company says, however, that total revenue was up 5.2% sequentially from the fourth quarter of 2021.  Inogen reported revenue of $34.4 million for its domestic direct-to-consumer channel, up 12.2%; and revenue of $5.1 million for its domestic business-to-business channel, down 83.4%. It reported...

Financial Results, Inogen, Portable Oxygen Concentrator


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Also Noted

Inogen changes up board of directors 

March 28, 2022HME News Staff

GOLETA, Calif. – Inogen has appointed Glenn Boehnlein, Kevin King and Mary Katherine Ladone to its board of directors. In conjunction with these appointments, Heath Lukatch, a director since 2006; Benjamin Anderson-Ray, a director since 2013; and Loren McFarland, a director since 2013, have all retired from the board. “Maintaining a board with diverse, fresh perspectives, skills, and experience to drive shareholder value is of utmost priority for Inogen and we are thrilled to welcome...

Board of Directors, Inogen


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Also Noted

Inogen names new CFO 

March 7, 2022HME News Staff

GOLETA, Calif. – Inogen has appointed Kristin Caltrider as executive vice president and CFO effective March 21. Caltrider joins Inogen from Quidel Corp., a provider of rapid diagnostic testing solutions, cellular-based virology assays and molecular diagnostic systems that is listed on NASDAQ. “Kristin is a proven executive who brings deep experience in leading the financial operations of health care businesses,” said CEO Nabil Shabshab. “She has a clear track record of partnering...

CFO, Inogen


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Vendors

Inogen tries to manage cost increases

March 4, 2022Liz Beaulieu, Editor

GOLETA, Calif. – Inogen expensed $2.3 million in higher material costs in the fourth quarter of 2021 and expects that number to double in the first quarter of 2022, company officials say.  Inogen expects $4.5 million to $5.5 million in incrementally higher material costs in the first quarter of 2022 associated with open market purchases of semiconductor chips used in its batteries and portable oxygen concentrators, says interim CFO Mike Sergesketter.  “We expect this cost...

Home Respiratory Equipment, Inogen, Portable Oxygen Concentrators


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News

In brief: Inogen revenues, UnitedHealth merger, Heartland registration

February 25, 2022HME News Staff

GOLETA, Calif. – Inogen reported revenue of $76.4 million for the fourth quarter of 2021, an increase of 3.3% over the same period in 2020, driven by a 23.3% in domestic direct-to-consumer sales to $33 million.  Domestic business-to-business sales in the fourth quarter of 2021 decreased 57.6% to $10.3 million compared to $24.2 million in the fourth quarter of 2020, primarily due to the supply chain constraints that limited product availability in this channel.  Rental revenue...

AZ Mediquip, Inogen, Insulet, Sunrise Medical, UnitedHealth, VGM Heartland


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Vendors

Inogen: DTC sales up, B2B sales down

February 25, 2022HME News Staff

GOLETA, Calif. – Inogen reported revenue of $76.4 million for the fourth quarter of 2021, an increase of 3.3% over the same period in 2020, driven by a 23.3% in domestic direct-to-consumer sales to $33 million.  Domestic business-to-business sales in the fourth quarter of 2021 decreased 57.6% to $10.3 million compared to $24.2 million in the fourth quarter of 2020, primarily due to the supply chain constraints that limited product availability in this channel.  Rental revenue...

Inogen, Nabil Shabshab, Portable Oxygen Concentrator


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News

In brief: MSC buys Repair Authority, Inogen pauses some manufacturing, CPAP.com receives investment

January 14, 2022HME News Staff

FORT WORTH, Texas – MSC Biomedical Services has acquired Repair Authority to form an HME repair service provider that services all 50 states.  In the near term, MSC Biomedical and Repair Authority will continue to operate independently.  “This deal unites two of the oldest and most well-respected HME repair companies in the U.S.,” says Jonathan Hadley, CEO of MSC Biomedical Services. “This acquisition solidifies MSC Biomedical as the definitive market leader...

CPAP.com, Inogen, MSC Biomedical Services, Repair Authority


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