Inspire Medical Systems, Inc. (INSP) Financials

NYSE:INSP

Market Cap

5.97B

Total Revenue

407.86M

Gross Profit

341.74M

Operating Income

-47.59M

Net Income

-44.88M

Metric	2015	2016	2017	2018	2019	2020	2021	2022
revenue	8,012,000	16,427,000	28,567,000	50,593,000	82,050,000	115,381,000	233,394,000	407,856,000
costOfRevenue	2,809,000	3,905,000	6,018,000	10,056,000	13,643,000	17,623,000	33,279,000	66,115,000
grossProfit	5,203,000	12,522,000	22,549,000	40,537,000	68,407,000	97,758,000	200,115,000	341,741,000
researchAndDevelopmentExpenses	7,079,000	7,091,000	6,194,000	7,388,000	12,839,000	26,092,000	37,350,000	68,645,000
sellingAndMarketingExpenses	15,291,000	--	28,552,000	--	--	--	--	--
generalAndAdministrativeExpenses	2,631,000	--	3,806,000	53,527,000	--	--	--	--
sellingGeneralAndAdministrativeExpenses	17,922,000	22,684,000	32,358,000	53,527,000	90,465,000	127,874,000	202,615,000	320,688,000
operatingExpenses	25,001,000	29,775,000	38,552,000	60,915,000	103,304,000	153,966,000	239,965,000	389,333,000
operatingIncome	-19,798,000	-17,253,000	-16,003,000	-20,378,000	-34,897,000	-56,208,000	-39,850,000	-47,592,000
totalOtherIncomeExpensesNet	-41,000	-29,000	42,000	-16,000	1,694,000	-880,000	-2,120,000	3,324,000
ebitda	-19,653,000	-17,122,000	-15,473,000	-18,524,000	-31,084,000	-54,971,000	-39,842,000	-42,591,000
depreciationAndAmortization	120,000	103,000	285,000	393,000	3,813,000	1,237,000	8,000	5,001,000
interestIncome	66,000	57,000	203,000	1,870,000	3,801,000	1,092,000	125,000	5,050,000
interestExpense	1,564,000	1,303,000	1,753,000	3,304,000	2,119,000	2,117,000	2,128,000	1,677,000
incomeBeforeTax	-21,337,000	-18,528,000	-17,511,000	-21,828,000	-33,203,000	-57,088,000	-41,970,000	-44,268,000
incomeTaxExpense	1,523,000	1,274,000	1,795,000	1,854,000	40,000	115,000	72,000	613,000
netIncome	-21,337,000	-18,528,000	-17,511,000	-21,828,000	-33,243,000	-57,203,000	-42,042,000	-44,881,000
eps	-1.71	-1.49	-1.3	-1.5	-1.4	-2.19	-1.54	-1.6
epsdiluted	-1.71	-1.49	-1.3	-1.5	-1.4	-2.19	-1.54	-1.6
weightedAverageShsOut	12,462,504	12,462,504	13,490,719	14,579,662	23,804,452	26,073,418	27,262,979	28,071,748
weightedAverageShsOutDil	12,462,504	12,462,504	13,490,719	14,579,662	23,804,452	26,073,418	27,262,979	28,071,748
costAndExpenses	27,810,000	33,680,000	44,570,000	70,971,000	116,947,000	171,589,000	273,244,000	455,448,000
otherExpenses	-41,000	-29,000	42,000	-16,000	12,000	145,000	-117,000	-49,000

Key Facts

Industry

Medical Devices

Sector

Healthcare

Headquarters

Golden Valley, MN, US

Website

inspiresleep.com

CEO

Mr. Timothy P. Herbert

Employees

755

About the Company

Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA) in the United States and internationally. The company offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. It also develops a novel, a closed-loop solution that continuously monitors a patient's breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. The company was incorporated in 2007 and is headquartered in Golden Valley, Minnesota.