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Stock impact report

Why InMode Shares Surged 12.9% Today [The Motley Fool]

InMode Ltd. - Ordinary Shares (INMD) 
Last inmode ltd. - ordinary shares earnings: 2/18 08:00 am Check Earnings Report
Company Research Source: The Motley Fool
Why InMode Shares Surged 12.9% Today Wall Street is increasingly optimistic about this medical device company. After industry watchers at Wall Street research firms unveiled bullish ratings, shares of InMode ( NASDAQ:INMD ) jumped 12.9% on Wednesday. The medical device company markets equipment to harness RF frequencies to perform medical aesthetic and women's health procedures, including body contouring. It has been on a tear since it r eported strong top- and bottom-line second-quarter financials on Aug. 13, shortly after its initial public offering (IPO) on Aug. 8. In Q2, InMode's revenue grew 54.6% year over year to $38.8 million while its earnings per share under generally accepted accounting principles ( GAAP ) increased to $0.45 from $0.21 per diluted share a year earlier. At the time, management cited an expansion of its direct sales team, higher average selling prices, and an increase in the number of clinical workshops as reasons for its strong revenue performance. The earn Show less Read more
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