Tag: Portable Oxygen Concentrators

GOLETA, Cailf. – Two major factors contributed to Inogen’s 13.2% increase in revenue in the third quarter: The company remediated “the significant portion of its backlog,” and it made “excellent progress” with its prescriber strategy, says President and CEO Nabil Shabshab.    Shabshab declined to detail the size of the backlog of orders in its domestic business-to-business channel, but Inogen recorded $42.5 million in sales for the channel in the third...

GOLETA, Calif. – Inogen has reported total revenue of $105.4 million for the third quarter of 2022, a 13.2% increase compared to the same period last year.  Revenue increased primarily due to higher domestic business-to-business sales, as well as continued strength in the rental channel, partially offset by lower international business-to-business and direct-to-consumer sales  “I am pleased with the progress the team has made on our transformational journey,” said...

LONDON and PLANO, Texas – Belluscura is doubling down on the POC market with a new device that’s now shipping in the U.S. and a number of deals to distribute it and a TV campaign to market it.  The company first launched its X-PLOR device last year.  “We learned a few things from the introduction, then made some changes to improve sound level and output,” said Jim Clement, head of commercial strategy, who has previously worked for DeVilbiss and GCE Healthcare....

LONDON and PLANO, Texas – Belluscura has entered into an agreement to supply portable oxygen concentrators to VGM Group members. “Our partnership with VGM enables us to work together to provide access to our next generation portable oxygen concentrators,” said Robert Rauker, CEO of Belluscura. “The partnership provides a further opportunity to support the group's continued growth. We look forward to working with VGM in expanding access to our high performing, lighter oxygen...

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,”...

LONDON and PLANO, Texas – Belluscura has named Brian Brown as vice president of engineering. Brown has more than 25 years of experience in commercializing new products in hardware, software and service delivery industries. His past roles include building a startup firm into a world leading supplier of diagnostic imaging medical devices, holding the titles of president and chief innovation officer. “We look forward to leveraging Brian’s background in new product commercialization,”...

LONDON – Belluscura has signed a three-year manufacturing agreement for its X-PLO2r portable oxygen concentrator with InnoMax Medical Technology in China. “Manufacturing X-PLO2R products at the national innovation center for medical devices with an affiliate of the world’s leading electronics manufacturing company is transformational,” said Robert Rauker, CEO of Belluscura. “The agreement will more than double our manufacturing capacity and will provide access to the...

BALL GROUND, Ga. – CAIRE’s FreeStyle Comfort portable oxygen concentrator outperformed other market leading devices in a recent study designed to assess the effectiveness of these devices in delivering oxygen to patients. “Portable oxygen concentrators are intended to allow patients to maintain a more active lifestyle despite the constraints which COPD or other respiratory conditions might introduce,” said Barry hassett, vice president of global marketing. “The FreeStyle...

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...

GOLETA, Calif. – Inogen says its revenues are expected to increase for the fourth quarter of 2021, but a chip shortage has forced the company to temporarily suspend manufacturing operations at its Texas and California locations.  Inogen doesn’t expect to furlough any employees as a result of the suspension, as the company currently anticipates restarting manufacturing at all locations around mid- to late February 2022 based on the information available to date.  For the...