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INMD / Inmode stock drops on reduced revenue guidance

Inmode stock drops on reduced revenue guidance
Inmode Ltd shares sank 21% to $22.22 in late-morning trading on Thursday after the medical technologies provider announced that it now expects full year 2023 revenue to be in the range of $500 million to $510 million, down from previous estimates of between $530 million and $540 million.   Inmode cited factors including the current economic slowdown, slower purchase decisions due to lower aesthetic activity during the summer, and constraints in financing of medical equipment as a result of higher interest rates, tighter leasing approval standards, and bottlenecks in loan processing, all of which have impacted InMode platform sales activity globally. Read More
Posted: Oct 12 2023, 11:48
Author Name: Proactive Investors
Views: 092056

INMD News  

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By Proactive Investors
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