InMode Ltd. (NASDAQ: INMD) surged over 4.4% to $32.23 in early trading session on Friday after ther firm said that it plans to post its third-quarter 2022 financial results before the Nasdaq market opens on Thursday, October 27, 2022.
InMode is presently completing its third-quarter financial figures for 2022. While comprehensive financial information and operating statistics are not yet available, certain preliminary financial results for the aforementioned period are set out below, subject to final adjustments and other events that may occur between now and the time such financial figures are released.
Management anticipates the following based on early Q3 2022 results:
- Record revenue for the third quarter of 2022 in the range of $120.5 million to $120.9 million
- Non-GAAP1 gross margin for the third quarter of 2022 will be in the 84% to 85% range.
- Record Non-GAAP1 profits per diluted share in the range of $0.64 to $0.65 for the third quarter of 2022
- Revenue in the range of $445 million to $450 million for the full year of 2022
On October 27, at 8:30 a.m. Eastern Time, InMode will hold a conference call to discuss the third quarter 2022 financial results, with presentations from management including Moshe Mizrahy, Chairman and Chief Executive Officer; Yair Malca, Chief Financial Officer; Dr. Michael Kreindel, Chief Technology Officer; Shakil Lakhani, President of North America; and Dr. Spero Theodorou, Chief Medical Officer.
InMode Ltd. (NASDAQ:INMD)’s price has risen 155% in the previous three years. That kind of return is as reliable as stone. Furthermore, the share price has increased by 34% in roughly a quarter.
The previous twelve months were not kind to InMode shares, which underperformed the market by 56%. The market dropped roughly 21%, which undoubtedly weighed on the stock price. Fortunately, the long-term picture is more promising, with total returns averaging around 37% each year over three years. When a good quality long term winner has a bad moment, it might turn out to be an opportunity, but you must be certain that the quality is present. While examining the many effects that market circumstances might have on the share price is crucial, there are other aspects that are even more significant.