Tag: Third Quarter (Q3)
Invacare reports 'mixed' financial results
November 6, 2018HME News Staff
ELYRIA, Ohio - Invacare reported net sales decreased 2.5% to $244.6 million for the third quarter of 2018 compared to the same period last year.Net sales for North America HME decreased 7.3% to $73.7 million, driven by decreases in respiratory and lifestyle product sales. Net sales increased 8.9%, however, for mobility and seating products.“The third quarter performance was mixed,” said Matthew Monaghan, chairman, president and CEO.Invacare believes providers were cautious about investing...
Earnings reports: Inogen, Invacare
November 8, 2017HME News Staff
Inogen's DTC beats B2B in Q3GOLETA, Calif. - Inogen reported total revenues of $69 million for the third quarter of 2017, up 26.8% from the same period last year. It reported net income of $7.3 million, up 39.9%. Breaking down revenue, sales revenue was $63.1 million, up 33.8%; and rental revenue was $5.9 million, down 18.7%. Inogen says direct-to-consumer sales grew 43.5% in the third quarter compared to the same period last year, primarily due to an increased number of sales reps and increased...