Why InMode Shares Are Trading Higher Today

InMode Ltd. INMD shares are trading higher on Wednesday after the company issued Q1 guidance.

According to the guidance, InMode expects Q1 revenue of $105.7 million - $105.9 million, non-GAAP EPS of $0.50 - $0.51, and non-GAAP gross margin to be between 83% and 85%.

Members of InMode's management team are planning to hold a conference call on Tuesday, May 2, at 8:30 a.m to discuss the company's financial results for the first quarter of 2023.

InMode is a leading global provider of innovative medical technologies.

INMD Price Action: InMode has a 52-week high of 41.84 and a 52-week low of $20.6.

InMode shares are up 8.09% at $37.94 at the time of writing, according to Benzinga Pro.