May 8, 2021
Business News

Inogen Announces First Quarter 2021 Financial Results

GOLETA, Calif.–()–Inogen, Inc. (NASDAQ: INGN), a medical technology company offering innovative respiratory products for use in the homecare setting, today reported financial results for the three months ended March 31, 2021.

First Quarter 2021 Highlights

  • Total revenue of $86.9 million, down 1.8% from the same period in 2020, primarily due to the impacts of the COVID-19 pandemic
  • Domestic business-to-business revenue of $30.7 million, up 11.6% from the same period in 2020
  • Rental revenue of $9.9 million, up 84.2% from the same period in 2020
  • Cash, cash equivalents, and marketable securities were $233.2 million with no debt outstanding as of March 31, 2021

“While the COVID-19 pandemic continued to…

Click here to view the original article.

Related Posts

You might also like ...

Datopotamab Deruxtecan Late-Breaking Data at ESMO Breast Shows Promising Preliminary Response and Disease Control in Patients with Metastatic Triple Negative Breast Cancer
Article feature image
Cyberattack forces Colonial Pipeline to shut major fuel line – NBC News
Article feature image
CDC may roll out seasonal Covid-19 boosters to protect against variants – CNN