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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 203M | 3.7% |
| Gross Profit | 171M | 2.9% |
| Cost of Revenue | 188M | 0.8% |
| Operating expense | 156M | 2.8% |
| Net Income | 18M | 88.9% |
| EBITDA | 16M | 149.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 796M | 9.3% |
| Total Liabilities | 100M | 10.3% |
| Total Equity | 697M | 9.2% |
| Shares Outstanding | 30M | 0.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 52M | 67129.5% |
| Cash from investing | -103M | 1932.2% |
| Cash from financing | 9.9M | 39.6% |
EPS
Financial Highlights for Inspire Medical Systems in Q3 '24
Inspire Medical Systems reported a revenue of 203M, which is a 3.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 171M, marking a 2.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 188M, a 0.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 156M, showing a -2.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 18M, showing a 88.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 16M, showing a 149.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Inspire Medical Systems with growth in revenue, gross profit, and net income.
