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INGN Inogen
- 11.265
- -0.295-2.55%
Close Sep 12 16:00 ET
267.19MMarket Cap-2837P/E (TTM)
11.680High11.175Low136.30KVolume11.630Open11.560Pre Close1.55MTurnover0.71%Turnover RatioLossP/E (Static)23.72MShares13.33052wk High1.42P/B215.60MFloat Cap4.13052wk Low--Dividend TTM19.14MShs Float287.790Historical High--Div YieldTTM4.37%Amplitude4.130Historical Low11.350Avg Price1Lot Size
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Inogen Stock Forum
Second Quarter 2024 Financial Results
Second quarter total revenue increased 6.1% to $88.8 million from $83.6 million in the second quarter of 2023, primarily driven by higher demand and new customers in international and domestic business-to business sales, partially offset by lower direct-to-consumer sales and rental revenue.
Total gross margin was 48.1% in the second quarter of 2024 versus 40.7% in the comparative period in 2023. The increase was driven primarily by low...
An authorized Inogen dealer I work with said that Inogen G4s and G5s are failing more than half of the time forcing them to return them to Inogen. Inogen sells these devices directly to the public and I have to assume Innogen is not performing the additional testing that the dealer is doing or they would be finding the defective POCs before shipping. The specific defect mentioned is the device not recognizing the battery when AC power is disconnected. I would imagine that if the dealer is telling the truth (I have it in writing) there will be a recall on Inogen devices.
@KnowledgeIsPower @ChristinaLEA @Mark Padilla @Markus Williams
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