Why InMode Shares Are Gaining Today

InMode Ltd. INMD released preliminary results for the three months ended June 30, 2023, where revenues are expected to be $135.7 million-$135.9 million, versus the consensus of $130.28 million.

The company expects Q2 Non-GAAP EPS of $0.70-$0.71, above the Street view of $0.64.

InMode sees non-GAAP gross margin of 83%-85%.

The company increased FY23 revenue guidance to $530 million-$540 million (consensus $531.1 million) from the previous guidance of $525 million-$530 million.

InMode is expected to release its second-quarter earnings on July 27, 2023.

Also Read: SpringBig Provides Q2 Preliminary Results, Expects To Be Adjusted EBITDA Positive In Q3

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Price Action: INMD shares are trading higher by 8% to $44.00 on the last check Wednesday.