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financial results

Philips reports mixed quarterly results

Company expects return to growth and improved profitability in the second half of the year

AMSTERDAM – Philips reported sales of EUR 4.2 billion for the first quarter, a 2% comparable sales decrease.

Income from continuing operations was EUR 42 million, vs. 245 million; and adjusted EBITDA margin was 5.9% of sales vs. 8.8%.

Viemed grows vent base by 31% in Q4


LAFAYETTE, La. – Viemed Healthcare reported net revenues of $21.4 million for the quarter ended Dec. 31, 2019, a 30% increase over revenue less bad debt expense reported for the comparable quarter in 2018.

Net income was $2.4 million, a 20% decrease.

Inogen acknowledges ‘challenging year’


GOLETA, Calif. – Inogen reported revenue of $78.9 million for the fourth quarter of 2019 compared to $86.5 million for the same period in 2018, an 8.8% decrease.

It reported a net loss of $1.4 million vs. a net income of $10 million.

AdaptHealth reports ‘near record’ number of acquisitions, increases outlook


PLYMOUTH MEETING, Pa. – AdaptHealth reported net revenue of $149.5 million for the fourth quarter ended Dec. 31, 2019, a 38% increase over the same period last year.

Invacare improves operating loss by $7.8M in 2019


ELYRIA, Ohio – Invacare reported net sales decreased 4.8% to $232.9 million in the fourth quarter of 2019. It reported an operating loss of $3.8 million vs. a loss of $1.1 million.

Inogen cites soft demand, manufacturing challenges in preliminary financial results


GOLETA, Calif. – Inogen expects full-year revenue of $361.4 million to $362.4 million, up 0.9% to 1.2% compared to 2018, based on preliminary, unaudited financial data.

Fisher & Paykel reports growth


AUCKLAND, New Zealand – Fisher & Paykel Healthcare reported net profit after tax of $121.2 million for the six months ended Sept. 30, representing 24% growth.

The company reported operating revenue of $570.9 million, representing 12% growth.

Invacare sticks to target


ELYRIA, Ohio – Invacare reaffirmed its long-term target of $85 million to $105 million adjusted EBITDA run-rate by the fourth quarter of 2020 at the Baird Global Healthcare Conference in New York on Sept. 4.

Invacare readies to ‘accelerate’


ELYRIA, Ohio – Invacare reported an adjusted EBITDA of only $5.1 million for the second quarter toward its goal of at least $20 million by the end of 2019, but company officials expect performance to improve in the back half of the year.

Viemed posts gains in revenue, patient growth


LAFAYETTE, La. – Viemed Healthcare reported revenue of $22.5 million for the second quarter of 2019, a 45% increase compared to the same period last year. It reported net income of $1.8 million, a 23% decrease.