Tag: Ray Huggenberger
Short takes: VirtuOx, Huggenberger
September 19, 2018HME News Staff
VirtuOx and Brightree have completed an integration that enables HME providers to streamline workflows to use both solutions. Providers can now route orders for VirtuOx's home diagnostic testing services directly through Brightree…Former Inogen CEO Ray Huggenberger has joined the board of directors at Ebb Therapeutics, a startup that develops products for insomnia sufferers. Huggenberger, who will remain on Inogen's board, also serves on several other boards, including those of Somnetrics and Tactile...
People news: Ray Huggenberger
September 22, 2017HME News Staff
Ray Huggenberger has been appointed to the board of directors for Minneapolis-based Tactile Systems Technology. Huggenberger served as Inogen's CEO from 2008 to February 2017. Previously, he held positions with Sunrise Medical. Tactile develops medical devices for the treatment of chronic diseases at home.
Inogen puts POCs at forefront
November 11, 2016Liz Beaulieu, Editor
GOLETA, Calif. - Inogen's hybrid approach to the HME industry continues to pay off, with the company yet again posting double-digit increases in revenues and net income for the third quarter of 2016.Inogen, which provides its portable oxygen concentrators both through HME providers and direct-to-consumer, reported total revenues of $54.4 million for the third quarter of 2016 compared to $40.8 million for the same period last year, a 33.5% increase. Net income was $3.5 million vs. $2.7 million, a...
Earnings: Invacare reports losses, Inogen raises guidance
November 4, 2016HME News Staff
ELYRIA, Ohio - Invacare on Oct. 31 reported a net loss of $5 million for the third quarter of 2016 compared to $7.8 million for the same period last year. It reported net sales of $268.1 million vs. $283.8 million.Invacare reported a net loss of $25.2 million for the nine months ended Sept. 30, 2016, compared to $23.3 million for the same period last year.For North America HME, Invacare reported net sales of $98 million for the third quarter of 2016, a 14.5% decrease compared to the same period last...
Inogen bets on direct-to-consumer sales
May 13, 2016Liz Beaulieu, Editor
GOLETA, Calif. - Inogen has begun to see the difference an expanded sales team can make, company officials said during a conference call on May 9 to discuss first quarter financial results.Direct-to-consumer sales grew 53.4% in the quarter, primarily due to an expanded sales team and a corresponding increased marketing spend, says Scott Wilkinson, president and COO.“What we're seeing in the first quarter is really driven by the (reps that we hired in the) third quarter, because as you recall,...
Inogen sweeps majority of bid areas
April 22, 2016Liz Beaulieu, Editor
GOLETA, Calif. - Inogen has accepted contracts for respiratory products in 93 of the 117 competitive bidding areas as part of the Round 2 re-compete, the company says.Inogen achieved similar penetration in the original Round 2, says President and COO Scott Wilkinson.“We have looked at it from a market access standpoint and we, ultimately, will have roughly 90% market access through the Medicare program in both scenarios, so our position is pretty much unchanged,” he said.As a result of...
Inogen 'delighted' with sales
November 11, 2015HME News Staff
GOLETA, Calif. - Inogen's direct-to-consumer sales increased 63.7% in the third quarter 2015, the company reported today, a direct result of growing its sales staff."I am delighted with the number of qualified sales candidates we were able to bring on board in the quarter, meaningfully expanding our capacity for the future, while at the same time, continuing to provide a strong profit in the current period,” said President/CEO Raymond Huggenberger.Inogen reported total revenues of $40.8 million...
Inogen's B2B sales 'stronger than anticipated'
May 15, 2015Liz Beaulieu, Editor
GOLETA, Calif. - Say what you will about Inogen's direct-to-consumer business model—it's the business-to-business segment that continued to lead the company's growth in the first quarter of 2015.Inogen reported a 70.7% increase in business-to-business sales for the first quarter this year compared to the same period last year, “stronger than anticipated growth,” said Ray Huggenberger, CEO, during a conference call to discuss the company's latest financial results.“We believe...
Inogen earnings reflect 'strong demand'
May 13, 2015HME News Staff
GOLETA, Calif. - Inogen reported double-digit increases in sales and revenues for first quarter of 2015—a “solid start,” says Ray Huggenberger, president and CEO.For the quarter ended March 31, Inogen reported total revenues of $33.8 million, a 42.8% increase compared to the same quarter in 2014. Sales were $23 million, a 55.1% increase.“Our first quarter results continue to reflect the strong demand we are seeing in the market, particularly in our domestic and international...
'Momentum' drives double-digit growth at Inogen
November 14, 2014Theresa Flaherty, Managing Editor
GOLETA, Calif. - Inogen execs say the company has found a winning combo with its direct-to-consumer strategy and its product portfolio.For the third straight quarter, the company has seen double-digit growth in revenues. For the third quarter ended Sept. 30, 2014, revenues were $29.4 million, a 48.6% increase compared to $19.8 million during the same quarter in 2013.“I am encouraged by the strong momentum of our business model,” said President and CEO Raymond Huggenberger, during an earnings...