Inogen Announces First Quarter 2021 Financial Results
GOLETA, Calif.–(BUSINESS WIRE)–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…