NasdaqGS:INGNMedical Equipment
Inogen (INGN) Stock Drops As Guidance Cut Clouds Margin Progress
Inogen stock went into this report already under pressure, down over 13% in the past three months. The latest earnings knocked it another 6.8% lower to about US$6 a share. The market is trading this as a setback, yet the headline from the quarter tells a different story. Revenue reached US$95.1m and losses narrowed, with adjusted net income close to breakeven and positive free cash flow.
The real flashpoint is the cut to full year revenue guidance. That single move appears to be driving most...