InMode Pre-Announces Q2 Revenue of $95.2M-$95.4M, Reaffirms FY Guidance Amid Takeover Battle
INMD sits 19% above its 52-week low of $12.72.
Summary
InMode released preliminary Q2 revenue of $95.2M-$95.4M and reaffirmed full-year guidance of $365M-$375M, signaling stability during a heated takeover contest. The company will not host a conference call, citing the Special Committee's ongoing evaluation of competing bids from its CEO-led group at $16.20/share and Steel Partners at $16.75/share. The revenue range is roughly flat year-over-year, consistent with the company's mature growth profile. The lack of a call limits near-term clarity, but the reaffirmed guidance suggests no major deterioration. The next catalyst is the August 5 earnings release, which may include updates on the strategic review.
At the time of this announcement, INMD was trading at $15.20 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $878.3M. The 52-week trading range was $12.72 to $16.74. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: PR Newswire.