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Earnings documents stored for INMD.
Investor releaseQuarter not tagged2026-05-07InMode Q1 Earnings Call Highlights
MarketBeat
InMode Q1 Earnings Call Highlights
InMode reported Q1 revenue of $82 million (up 5% year-over-year) but saw compressed margins and lower EPS (GAAP EPS $0.18 vs $0.26 a year ago; non-GAAP EPS $0.25 vs $0.31), and reiterated full-year 2026 guidance of $365–$375 million in revenue with non-GAAP EPS of $1.33–$1.38. Management said it is seeing “early signs of stabilization, particularly in the U.S.,” after reorganizing North America into a unified model and separating the Envision ophthalmology sales force into a dedicated team, with March showing especially strong progress. New laser products (PicoFy and a CO2 platform) contributed to Q1 results and an Erbium laser is targeted for FDA clearance by year-end, while the company ended the quarter with $537.2 million of cash and has been active in share buybacks ($127.4M repurchased in 2025; $52.7M YTD), and CFO Yair Malca will step down but remain as a consultant. Interested in InMode Ltd.? Here are five stocks we like better. InMode (NASDAQ:INMD) reported first-quarter 2026 results that management said came in “in line with our expectation,” alongside early signs of stabilization in demand—particularly in the U.S.—following a restructuring of its North America commercial organization. CEO Moshe Mizrahy said the company is seeing “early sign of stabilization, particularly in the U.S.,” adding that the quarter “reinforce our confidence that 2026 is moving in the right direction.” → 3 Emerging Markets ETFs to Maximize Exposure to High-Potential Countries Mizrahy highlighted organizational changes made after new North American leadership was brought in at the end of the third quarter of 2025. The company moved from an East-West structure to a unified North America model covering both U.S. coasts and Canada, which he said is improving coordination and accountability. In addition, effective Jan. 1, 2026, InMode separated its Envision ophthalmology and optometry sales force to operate independently as a more focused model. Mizrahy said March showed “particularly strong progress,” though he cautioned the company is looking for sustained consistency before declaring a long-term trend. → The Real SpaceX Play: 5 Chip Stocks Powering the IPO Before It Launches CFO Yair Malca said InMode generated total revenue of $82 million in the first quarter of 2026, up 5% from $77.9 million in the prior-year quarter, driven by strong performance in the U.S. market. Intern...
Investor releaseQuarter not tagged2026-05-07InMode (INMD) Q1 2026 Earnings Call Transcript
Motley Fool
InMode (INMD) Q1 2026 Earnings Call Transcript
Image source: The Motley Fool. Wednesday, May 6, 2026 at 8:30 a.m. ET Chief Executive Officer — Moshe Mizrahy Chief Financial Officer — Yair Malca Co-Founder and Chief Technology Officer — Dr. Michael Kreindel Senior Vice President of Finance — Moshe Itskovitz Need a quote from a Motley Fool analyst? Email [email protected] Moshe Mizrahy: Thank you, Miri, and to everyone for joining us. With me today are Dr. Michael Kreindel, our Co-Founder and Chief Technology Officer; Yair Malca, our Chief Financial Officer; and Mr. Moshe Itskovitz, our Senior VP of Finance. Following our prepared remarks, we will be available to answer your questions. We executed in line with our expectations in Q1 2026. In addition, we are seeing early sign of stabilization, particularly in the U.S. and believe that this quarter reinforce our confidence that 2026 is moving in the right direction. I would like to start by reviewing InMode's progress in North America. As you know, we brought in new leadership at the end of Q3 2025, including new North American President and Vice President. While it's still early, the energy and cultural shift are already having a positive impact. We have transitioned from our long-standing East-West structure to unified North American model, bringing Canada and Gulf Coast under the same organization. This is driving better coordination and clearer accountability. We also implemented a key structure change in January 1, 2026. The Envision team, our ophthalmology and optometry sales force now operate independently. This creates more focused model that we believe will support stronger execution over time. March delivered particularly strong progress, reinforcing our confidence that this change are beginning to bear fruit. That said, we are looking for sustained consistency before calling it a long-term trend. On the international market, we continued to operate in over 100 countries with most of our businesses driven by our direct sales to local offices and supported by distributor partnerships. Europe remains a strong region for us with solid performance and meaningful room for continued growth. In Asia, performance is more mixed, consistent with what we saw last year, though we are making progress in key markets, including China, where we see significant long-term potential. Onto laser, the Pico and the CO2 laser performed well, recently introduced were meaningfu...
Investor releaseQuarter not tagged2026-05-07InMode Ltd. Q1 2026 Earnings Call Summary
Moby
InMode Ltd. Q1 2026 Earnings Call Summary
Management attributes Q1 2026 performance to early signs of stabilization in the U.S. market following a period marked by macroeconomic headwinds and organizational restructuring. The company transitioned from a legacy East-West structure to a unified North American model to drive better coordination and clearer accountability across the U.S. and Canada. A focused sales model was implemented for the Envision platform, with a dedicated 30-person team operating independently of the broader portfolio to improve execution in ophthalmology and optometry. Strategic expansion into the laser market via Pico and CO2 platforms is intended to create a 'one-stop shop' for physicians, despite these products exerting downward pressure on gross margins. Management observes that while aesthetic procedure demand remains pressured by macro factors and competition from GLP-1 medications, they believe demand is deferred rather than lost. International performance remains mixed, with Europe showing solid growth while Asia requires more targeted progress, particularly through a new direct spa and aesthetic arm in China. Full-year 2026 revenue guidance of $365 million to $375 million assumes continued stabilization and consistent execution from the restructured North American sales force. The company expects to maintain non-GAAP gross margins between 74% and 76%, reflecting the increased mix of lower-margin laser platforms in the portfolio. Management anticipates FDA clearance for a new Erbium laser by the end of 2026, which will further expand the range of combination treatments available to physicians. The company is developing an in-house CO2 laser to bypass current regulatory limitations in international markets like Canada and Europe under new MDR processes. Strategic focus in China will shift toward a fully-owned subsidiary in Guangzhou to penetrate the spa and cosmetic segments with specialized product lines. CFO Yair Malca announced his departure after 9 years, transitioning to a consultant role for 6 months to ensure financial continuity. Operating expenses increased 13.7% year-over-year, driven by the North American sales restructuring and headcount expansion from 2025 subsidiary build-outs. Management acknowledged that the failed 2025 project to sell the company created internal uncertainty, which they are now addressing by reaffirming their status as a public entity. T...
Investor releaseQuarter not tagged2026-05-06InMode: Q1 Earnings Snapshot
Associated Press
InMode: Q1 Earnings Snapshot
YOKNEAM, Israel (AP) — YOKNEAM, Israel (AP) — InMode Ltd. (INMD) on Wednesday reported profit of $11.6 million in its first quarter. The Yokneam, Israel-based company said it had profit of 18 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 25 cents per share. The maker of cosmetic surgery devices posted revenue of $82 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INMD at https://www.zacks.com/ap/INMD
Investor releaseQuarter not tagged2026-05-06InMode Reports First Quarter 2026 Financial Results: Quarterly GAAP Revenue of $82 Million, Represents 5% Year-Over-Year Increase
PR Newswire
InMode Reports First Quarter 2026 Financial Results: Quarterly GAAP Revenue of $82 Million, Represents 5% Year-Over-Year Increase
YOKNEAM, Israel, May 6, 2026 /PRNewswire/ -- InMode Ltd. (Nasdaq: INMD) ("InMode"), a leading global provider of innovative medical technologies, today announced its consolidated financial results for the first quarter of 2026. First Quarter 2026 Highlights: Management Comments "While the macroeconomic environment remains challenging, our total revenue this quarter reached our expectations, however our profitability was lower than expected," said Moshe Mizrahy, Chief Executive Officer of InMode. "We are continuing to re-shape our organization in North America and in Europe by enhancing our sales and management teams. While the demand in the aesthetics market may be deferred, it will not be diminished, and we believe we are well positioned for its return." First Quarter 2026 Financial Results Total GAAP revenues for the first quarter of 2026 were $82.0 million, an increase of 5% compared to $77.9 million in the first quarter of 2025. Yair Malca, Chief Financial Officer of InMode added, "We are encouraged to report that Q1 revenue increased 5% year over year, with the U.S. contributing meaningfully to this growth. These results reflect our ability to execute consistently, even in a softer market environment and expand outside of the U.S." GAAP gross margin for the first quarter of 2026 was 75%, compared to 78% for the first quarter of 2025. *Non-GAAP gross margin for the first quarter of 2026 was 75%, compared to 79% for the first quarter of 2025. GAAP operating margin for the first quarter of 2026 was 12%, compared to 20% in the first quarter of 2025. *Non-GAAP operating margin for the first quarter of 2026 was 17%, compared to 23% for the first quarter of 2025. These decreases were primarily attributable to the increase in cost of goods, the new structure of the North America sales team implemented towards end of 2025 and subsidiary establishments in the latter part of 2025. InMode reported GAAP net income of $11.6 million, or $0.18 per diluted share, in the first quarter of 2026, compared to $18.2 million, or $0.26 per diluted share, in the first quarter of 2025. On a *non-GAAP basis, InMode reported net income of $15.9 million, or $0.25 per diluted share, in the first quarter of 2026, compared to $21.4 million, or $0.31 per diluted share, in the first quarter of 2025. As of March 31, 2026, InMode had cash and cash equivalents, marketable securities and sho...
TranscriptFY2026 Q12026-05-06FY2026 Q1 earnings call transcript
Earnings source - 59 paragraphs
FY2026 Q1 earnings call transcript
Good day. Welcome to InMode's first quarter 2026 earnings results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then 1 on your telephone keypad. To withdraw your question, please press star then 2. Please note this event is being recorded. I would now like to turn the conference over to Miri Segal, CEO of MS-IR. Please go ahead.
Thank you, operator, and everyone for joining us today. Welcome to InMode's conference call. Before we begin, I would like to remind our listeners that certain information provided on this call may contain forward-looking statements, and the safe harbor statements outlined in today's earnings release also pertains to this call. If you have not received a copy of the release, please go to the investor relations section of the company's website. Changes in business competitive, technological, regulatory, and other factors could cause actual results to differ materially from those expressed by the forward-looking statements made today. Our historical results are not necessarily indicative of future performance. As such, we can give no assurance as to the accuracy of our forward-looking statements and assume no obligation to update them except as required by law. With that, I'd like to pass the call over to Moshe Mizrahy, CEO. Moshe, please go ahead.
Thank you, Miri, and to everyone for joining us. With me today are Dr. Michael Kreindel, our Co-Founder and Chief Technology Officer, Yair Malca, our Chief Financial Officer, and Mr. Mushik Itskovitz, our Senior VP of Finance. Following our prepared remark, we will be available to answer your question. We executed in line with our expectation in Q1 2026. In addition, we're seeing early sign of stabilization, particularly in the U.S., and believe that this quarter reinforce our confidence that 2026 is moving in the right direction. I would like to start by reviewing InMode progress in North America. As you know, we brought in new leadership at the end of Q3 2025, including new North American president and vice president. While it's still early, the energy and culture shift are already having positive impact.
We have transitioned from our long-standing East-West structure to unify North American model, bringing Canada and both coasts under the same organization. This is driving better coordination and clearer accountability. We also implemented a key structure changes in January 1, 2026. The Envision team, our ophthalmology and optometry sales force now operate independently. This create more focused model that we believe will support stronger execution over time. March deliver particularly strong progress, reinforcing our confidence that this change are beginning to bear fruit. That said, we are looking for sustained consistency before calling it a long-term trend. On the international market, we continued to operate in over 100 countries, with most of our businesses driven by our direct sales to local offices and supported by distributor partnership. Europe remain a strong region for us with solid performance and meaningful room for continued growth.
In Asia, performance is more mixed, consistent with what we saw last year. Though we are making progress in key markets, including China, where we see significant long-term potential. On the laser, the Picofy and the CO2 laser perform well recently introduced were meaningful contribution to our Q1 revenue performance and are strategically important for our long-term growth. They expanded the range of procedures our physician can offer and to enable combination of treatment, which are increasingly in demand. Physicians are looking for comprehensive solution from a single partner, and these platforms support a one-stop shop office. They may put pressure on our gross margin, but they play a critical role in strengthening our competitive position and deepening our customers' relationship. On the broader market environment, we are seeing sign of stabilization.
Demand for aesthetic procedures was again pressured in the first quarter of 2026 by macroeconomic headwind. As we have said many times before, we believe that the demand for aesthetic procedure will not go away. It may be deferred, but it will return.
Let me turn the call over to Yair, the Chief Financial Officer, who will walk you through financial numbers. Yair.
Thanks, Moshe, and hello everyone. Thank you for joining us. As announced earlier this morning, I will step down as CFO and remain with the company as a consultant for the next six months to support a smooth transition. After nine years with the company, I am proud to have been part of its journey, from driving growth and supporting our expansion to helping lead our transition to the public market. It's been a privilege to work closely with our dedicated employees and build a foundation of financial discipline and transparency. Even during recent macroeconomic headwinds, the company's strong financial position and resilience have enabled us to navigate challenges, including the global pandemic, while consistently prioritizing stability and our people. As I look ahead to new endeavors, I am confident that this discipline and long-term approach will continue to guide the company's success.
With that said, let's get to the Q1 results. Starting with total revenue, InMode generated $82 million in the first quarter of 2026, up 5% from $77.9 million in the same quarter last year. Growth in Q1 was led by strong performance in the U.S. market. Moving to our international operations, sales outside the U.S. totaled $38.7 million in Q1, representing 48% of total sales and an increase of 2.65% compared to Q1 of last year. Gross margin in the first quarter of 2026 was 75% on a GAAP basis compared to 78% in the first quarter of 2025. Non-GAAP gross margins were 75% in the first quarter of 2026 compared to 79% in the first quarter of 2025.
In Q1 2026, our minimally invasive technology platforms accounted for 77% of total revenues. To support our operations and growth, we currently have a sales team of more than 298 direct reps and 73 distributors worldwide. GAAP operating expenses in the first quarter were $51.5 million, a 13.7% increase year-over-year. GAAP sales and marketing expenses increased to $42.9 million in the first quarter compared to $39.7 million in the same period last year. The year-over-year increase was primarily driven by increased sales expenses tied to the restructuring of the North America sales organization and headcount expansion from 2025 subsidiary build-outs, along with higher commission expense in line with a stronger sales performance.
Next, we look at share-based compensation, which increased to $2.7 million in the first quarter of 2026. On a non-GAAP basis, operating expenses were $47.8 million in the first quarter compared to a total of $43.1 million in the same quarter of 2025, representing an 11.1% increase. GAAP operating margin for Q1 was 12%. Non-GAAP operating margin for the first quarter of 2026 was 17% compared to 23% for the same for the first quarter of 2025. This decrease was primarily attributable to the increase in cost of goods and, as mentioned before, the new structure of the North America sales team implemented towards the end of 2025 and subsidiary establishments in the later part of 2025.
GAAP diluted earnings per share for the first quarter were $0.18 compared to $0.26 per diluted share in Q1 of 2025. Non-GAAP diluted earnings per share for this quarter were $0.25 compared to $0.31 per diluted share in the first quarter of 2025. As of March 31, 2026, the company had cash and cash equivalents, marketable securities, and deposits of $537.2 million. We also returned meaningful capital to shareholders, repurchasing shares in the amount of $127.4 million during 2025 and $52.7 million year to date, to date under our new 2026 repurchase program, representing 3.86 million shares this year. With this flexibility, we remain well-positioned to pursue a full range of capital allocation opportunities.
This quarter, InMode generated $15.4 million from operating activities. Before I turn the call back to Moshe, I'd like to reiterate our guidance for 2026. Revenues between $365 million to $375 million. Non-GAAP gross margin between 74% and 76%. Non-GAAP income from operations between $73 million and $78 million. Non-GAAP earnings per diluted share between $1.33 to $1.38. I will now turn over the call back to Moshe.
Thank you, Yair. Thank you very much. Operator, we're ready for Q&A.
We will now begin the question and answer session. To ask a question, you may press star then 1 on your telephone keypad. If you are using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw your question, please press star then 2. At this time, we'll pause momentarily to assemble our roster. The first question comes from Mike Matson with Needham. Please go ahead.
Yair, Moshe, thank you very much for taking our questions. This is Joseph on from Mike. Yair, wish you the best in your next ventures. Maybe just a question on the next laser launch, I believe the Erbium laser. Can you remind us of the timeline of that? Was that end of the year? Just comparing to, you know, the Pico and the CO2 laser, you know, is this product more just, you know, filling a gap that can do a different procedure versus the Pico or CO2? Is it maybe much more differentiated? Just wondering how we should think about that.
You know, under the assumption that this launches at the end of the year, should we expect further impact to gross margin in 2027 from this, you know, increased mix of laser platforms?
Okay. You asked three question about three different lasers. First, the laser that we introduced to the market in the beginning of this year, sometime in February, was not Erbium, was Picofy laser. The Erbium laser is still under development, and we hope to finalize the development of the Erbium, which is developed in Israel, and get into the FDA clearance sometime in the next months of 2. Basically, we hope that by the end of this year, we will have it cleared by the FDA, and we can introduce it to the market. Now, the third laser that you mentioned, the CO2, the one that we're having today and selling today, which called the Solaria.
It's a CO2 laser that we buy from U.S. manufacturer with several modifications that we made it to be, looks like and with the software of InMode. We sell it quite nicely throughout U.S. Not in Canada, because they don't have Health Canada clearance to sell it in the U.S. This product is being sold only in the U.S. At the same time, we are developing our own CO2, which will enable us to expand the market and the territories to almost everywhere. That will take time because, you know, regulation today, it's a long process. Mainly in Europe, when you have to clear it through the MDR and not the MDD, a process that recently changed. Anything else about those lasers?
No, I think that's, that's all good and clear. Appreciate that. Maybe just one more follow-up question. Just wondering how your newer direct subsidiaries, I think Thailand and Argentina were established in 2025. How have those been growing? Could you also remind us on the timeline for China? I believe that was maybe one of the next targets for this year. Maybe just what products you're targeting to get into China and then, you know, the timeline of when that could happen. Thank you.
Okay. Let's start with Argentina. Argentina was established late 2025. It took us some time, 2 months, to get all the clearances from the regulatory body in Argentina under our name, in our subsidiary. Now, everything is almost ready. We have an office, we have 1 or 2 salespeople, we have a clinical trainer, we have a manager. Hopefully, Q2 in 2026, we will see some results. Until now, it was more like a setup, organizing all the regulatory clearances. Hopefully, Q2 in this year, they will start delivering sales as well. Argentina is not very big country compared to Brazil and others, but we believe that there is a market there.
There was major changes in the macroeconomics in Argentina recently. We felt that this is the best time to establish a subsidiary there and go direct. Regarding China. In China, we continue to work on the medical field with our distributors. We have decided, I don't know if everybody knows, but during the COVID, we have established a company in Guangzhou, which was a sleeping company for all the time until today. We decided right now to use this company, which is fully owned by us, to become the spa and aesthetic arm of InMode in China. We hired a manager who's well-acquainted with the spa and the aesthetic, not aesthetic.
I would say the cosmetic more or less in China, and we're developing right now special product to distinguish the product line from the medical in order to penetrate this segment of the market in China. It's not in full operation yet.
Okay. Yeah, thank you very much for taking our questions.
Again, if you have a question, please press star then one. Our next question comes from Matt Miksic with Barclays. Please go ahead.
Good morning. Thanks so much for taking our questions. On ophthalmology, I was wondering if you could, and I've been hopping around between calls, so apologies if it's already been covered, but maybe an update on, you know, how the U.S. sales reorg and management structure is driving that growth. What your plans are there, maybe what some of the early results you've seen there and some of the upcoming milestones. I have one quick follow-up.
Yeah. I'm sure everybody knows that we have a platforms which called the Envision for the ophthalmology and optometry. By the way, 95% of the customers are not ophthalmologists, they are more optometrists, which are doing treatment to relieve dry eye. We're working on the study for the FDA to get clearance. Therefore, right now we don't market it under a dry eye treatment, but rather on what we have the clearance, and this is increased blood circulation and build some collagen, which we know that also help for dry eye. The team is 30 salespeople and a manager. The manager is a director level. He reports to the president of North America.
It's part of the North American team. It's not totally separate the company. It's not even a division. They cover the entire U.S. They are not territory-based. They cover the entire U.S. and also supporting sales of Envision in Canada. This is the first time that we separate the product and the first quarter that we have a special team selling one product from our portfolio. We hope that this model will be successful because if yes, we might do it on other products as well in the future. I believe it's very early to judge. It's only 3 months.
So far, it seems like that the concept is working and although, you know, to be responsible for the entire U.S. and Canada with 30 people, it's a little bit, you know, big territory, but we did it. We'll see. Let's see the results throughout the year, and then we'll decide if that's successful or not.
Oh, that's great. Thanks. Just a question on. Again, I'll make the same apology if you'd cover this. The plans to repurchase shares, use of cash. You've done a good job of putting that cash back to work, giving back to shareholders as volumes were slowing and the market was kind of troughing here. How does that, you know, strategy play out this year? How are you thinking about capital allocation at this point? Thanks.
This is Yair. We started As you know, we announced a buyback plan earlier this year, and we started executing on that. So far, we purchased over $3.8 million under that plan.
8 million shares.
The 8 million shares. Sorry. Thank you. 3.8 million shares under the plan. We plan to continue to execute on the plan. Other than that, Moshe, do you want to elaborate about capital allocations? I think all the options are on the table.
We always say the same thing, all the options on the table. We are allowed to do 10% of the outstanding shares every year without paying dividend tax, and we're doing it year-over-year. So far, I would say if once we completed this 6.5 million shares, I believe it's another 2.5 million that we have to buy. We already did that 6 years, 6 times, and we return $600 million to the shareholders. If you ask me if that helped the share price, so far, no.
Therefore, you know, it's always a question whether to continue or not to return capital to the shareholders with this type of operation only by buyback. Hopefully now, when the company continue to be a public company, I'm sure everybody knows that the last year, 2025 was a very tough year for InMode because of the failed project that tried to sell the company without success. We remain public. I believe it's important also to the team and to the people who felt insecure during very long time. Now maybe we will consider other way to allocate capital to the shareholders, M&A, dividend, and others. Everything is on the table and everything is open.
Great. Thank you.
The next question comes from Sam Eiber with BTIG. Please go ahead.
Hi. Good morning. Thanks for taking the questions. And Yair, just wanted to say thank you for all the access over the years. It was really nice getting to work together. Hopping between a few calls this morning, so apologies if this question already got asked, but maybe just following back up on capital allocation and maybe diving a bit deeper in terms of appetite for M&A. I know it's something that, you know, you guys have always been considering but, you know, haven't seen, you know, any kind of deals over the last several years. I guess, is that something that, you know, considering where markets are at this moment, willing to reevaluate, or is it really more focused on sell buybacks here?
Well, you know, I cannot say more than what I did. Yes, M&A opportunities are being explored. We have nothing that, in any stage, but we're always checking, because we believe that we did a lot of buyback, and if we have a candidate or company to acquire in order to synergize either on the product level or the technology level or the customer level, we will explore. The only problem is right now, private company prices are very high and unfortunately, we're unable to acquire. We did two attempt, as you know, to buy an injectable company and to buy a toxin company, but we gave price, which was probably not the best for this company shareholders.
Therefore, it was not accepted. We will continue to try.
The next question comes from Michael Toomey with Jefferies. Please go ahead.
Hi, guys, it's Michael Toomey. Just jumping on for Matt at Jefferies. I just had a question, what you're seeing on the broader aesthetics market, not just the energy-based side, but you mentioned in the interest in injectables, but how's the broader aesthetic market growing today and any difference there between broad aesthetics, injectables and kinda energy-based devices?
Well, I believe that the few injectable companies which are public company. If you look at them, you will realize that in 2025, they didn't do that good, but they see some sign of momentum in 2026. One thing I want to say, I mean, the energy-based device companies are competing on the same marginal dollar that people have for aesthetic. On the other side, other than energy-based devices, GLP-1 took a lot of money from this industry. A lot of money. All the new product, boosters, biostimulator, exosomes, are also competing very toughly with energy-based devices, and some of them are doing very well.
That means that in the future, and that's what we thought when we gave an offer to injectable companies, energy-based devices will need either strategically cooperation or M&A or mergers with other type of aesthetic solution in order to be a one-stop shop. As of now, we know that several companies like Alma sign a distribution agreement with fillers. I know that there was another Spanish company, Sinclair, that actually closed all the EBD operation and stayed only with the injectables.
I didn't see yet a major company that actually offer both energy-based device treatment and all the other injectables, exosome, biostimulator, and other stuff that also compete on the same dollar, which the same what I call aesthetic dollar. The reason for that, the main reason for that is that it's two different operations. You don't have an engineer that know how to develop EBD or a pharma product, and you don't have a salesman who knows how to sell energy-based device for $100,000 and at the same time to sell fillers or toxin for $100. Should need to be two separate operations. In the future, I do believe that it will come.
Okay. That's great. Thank you. Just to follow up as well, with the gross margin new guides, anything you can comment on the phasing through the year?
On the what? Phasing?
Yes.
Phasing, to the.
For other quarters.
For the gross margin.
It's I mean, we believe it will stay the same, like 74%, 75%.
Okay. Thank you.
This concludes our question and answer session. I would like to turn the conference back over to Moshe Mizrahy, InMode CEO, for any closing remarks.
Okay. Thank you, everybody. Thank you for being with us today. Before I close the call, I want to thank to our Chairman, Dr. Michael Anghel, who worked with us for, I would say, 8 years as a director and as a chairman. We enjoyed him very much. He's leaving, and I want to wish him, you know, success in the future. He was very helpful and very contributor. He contributed a lot to InMode. The second guy that I want to thank personally and on behalf of the company is Yair Malca, our Chief Financial Officer for 9 years now, even before the IPO. Correct, isn't it?
Even before the IPO, we hired him. He did a great job, you know, taking this company into an IPO and then maintaining everything that we need to do as a public company with all the reporting, talking with the investors, talking with analysts. Thank you. Thank you, Yair, for everything you did for us and all the contributions that you brought to this company. I wish you know, success in your new career.
Thank you very much.
Hopefully, the war in Israel will end, and everybody will go back to a normal life, including us. We will continue to do our best.
The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.
Investor releaseQuarter not tagged2026-04-13InMode to Report First Quarter 2026 Financial Results and Hold Conference Call on May 6, 2026, Expects Q1 Revenue Between $81.5M-$81.7M, Reiterates FY 2026 Revenue Guidance Between $365M-$375M
PR Newswire
InMode to Report First Quarter 2026 Financial Results and Hold Conference Call on May 6, 2026, Expects Q1 Revenue Between $81.5M-$81.7M, Reiterates FY 2026 Revenue Guidance Between $365M-$375M
Conference call to be held on Wednesday, May 6, 2026, at 8:30 a.m. Eastern Time YOKNEAM, Israel, April 13, 2026 /PRNewswire/ -- InMode Ltd. (Nasdaq: INMD), a leading global provider of innovative medical technologies, announced today that it expects to release its financial results for the first quarter of 2026 before the Nasdaq market opens on Wednesday, May 6, 2026. InMode is currently finalizing its financial results for the first quarter of 2026. While complete financial information and operating data are not yet available, set forth below are certain preliminary results of InMode's financial results for such period, subject to final adjustments and other developments that may arise between now and the time such financial results are finalized. Based on preliminary results, management expects: Revenue for the first quarter of 2026 to be in the range of $81.5 million to $81.7 million Non-GAAP1 gross margin to be in the range of 75% to 76% Full year 2026 revenue to be in the range of $365 million to $375 million 1Please refer to "Use of Non-GAAP Financial Measure" below for important information about non-GAAP financial measures. Non-GAAP gross margin excludes share-based compensation. InMode will host a conference call to discuss the first quarter 2026 financial results on Wednesday, May 6 at 8:30 a.m. Eastern Time. Speakers on the call will include Moshe Mizrahy, Chief Executive Officer, Yair Malca, Chief Financial Officer and Dr. Michael Kreindel, Chief Technology Officer. The Company encourages participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10207930/103b6ad5664. Callers will receive a unique dial-in upon registration, which enables immediate access on the day of the call. Participants may pre-register at any time, including up to and after the call start time. For callers that opt out of pre-registration, please dial one of the following teleconferencing numbers. Please begin by placing your call 10 minutes before the conference call commences. If you are unable to connect using the toll-free number, please try the international dial-in number. U.S. Toll-Free: 1-833-316-0562 Israel Toll-Free: 1-80-921-2373 International: 1-412-317-5736 Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=7s0HUsXw At: 8:30 a.m. Eastern Time 5:30 a.m. Pacific Time The conference call will also...
Investor releaseQuarter not tagged2026-02-11InMode Ltd (INMD) Q4 2025 Earnings Call Highlights: Navigating Challenges with Strategic Growth ...
GuruFocus.com
InMode Ltd (INMD) Q4 2025 Earnings Call Highlights: Navigating Challenges with Strategic Growth ...
This article first appeared on GuruFocus. Total Revenue (Q4 2025): $103.9 million, up from $97.9 million in Q4 2024. Total Revenue (Full Year 2025): $370.5 million, a 6% decrease compared to 2024. International Sales (Q4 2025): $48.5 million, representing 47% of total sales, a 38% increase compared to Q4 2024. International Sales (Full Year 2025): $171.8 million, 46% of total sales, a 15% increase compared to 2024. Gross Margin (Q4 2025): 78% GAAP, 79% non-GAAP. Gross Margin (Full Year 2025): 79% non-GAAP. Minimally Invasive Technology Revenue (Q4 2025): 76% of total revenues. Minimally Invasive Technology Revenue (Full Year 2025): 78% of total revenues. Consumer Goods and Service Revenue (Full Year 2025): 22% of total revenue, up from 20% in 2024. GAAP Operating Expenses (Q4 2025): $55.3 million, an 11% increase year over year. GAAP Operating Expenses (Full Year 2025): $205.6 million, a 0.5% increase year over year. GAAP Operating Margin (Q4 2025): 25%. GAAP Operating Margin (Full Year 2025): 23%. Non-GAAP Operating Margin (Q4 2025): 27%, down from 32% in Q4 2024. Non-GAAP Operating Margin (Full Year 2025): 26%, down from 33% in 2024. GAAP Diluted EPS (Q4 2025): $0.42, compared to $1.14 in Q4 2024. GAAP Diluted EPS (Full Year 2025): $1.43, compared to $2.25 in 2024. Non-GAAP Diluted EPS (Q4 2025): $0.46, compared to $0.42 in Q4 2024. Non-GAAP Diluted EPS (Full Year 2025): $1.60, compared to $1.76 in 2024. Cash and Cash Equivalents (End of 2025): $555.3 million. Share Repurchase Program (2025): $127.4 million returned to shareholders. Cash from Operating Activities (Q4 2025): $22.7 million. Warning! GuruFocus has detected 9 Warning Signs with INMD. Is INMD fairly valued? Test your thesis with our free DCF calculator. Release Date: February 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. InMode Ltd (NASDAQ:INMD) reported a slightly better-than-expected fourth quarter despite challenges in the aesthetic space. Revenue from consumables and services increased slightly, indicating early signs of stabilization in patient activity. The company launched new CO2 laser platforms in 2025, expanding its product portfolio. InMode Ltd (NASDAQ:INMD) plans to introduce two new platforms in 2026, including a Korean-made Pico laser device. International sales, particularly in Europe, showed strong growth, with a 38...
Investor releaseQuarter not tagged2026-02-11InMode (INMD) Q4 2025 Earnings Call Transcript
Motley Fool
InMode (INMD) Q4 2025 Earnings Call Transcript
Image source: The Motley Fool. Feb. 10, 2026, 8:30 a.m. ET Chief Executive Officer — Moshe Mizrahy Chief Financial Officer — Yair Malca Co-Founder and Chief Technology Officer — Dr. Michael Crindel Vice President, Finance — Rafael Liqueman Moshe Mizrahy: Thank you, Miri, and to everyone for joining us. With me today are Dr. Michael Crindel, our Co-Founder and Chief Technology Officer, Yair Malca, our Chief Financial Officer, and Rafael Liqueman, our VP Finance. Following our prepared remarks, we will be available to answer your question. The fourth quarter was slightly better than expected, even as our industry continued to face ongoing challenges driven by higher interest rates and softer customer demand in the aesthetic space. Despite this headwind, InMode Ltd. continued to benefit from its strong position and from the proven, long-lasting clinical outcomes and patient experience when using our technology and platforms. These strengths continue to position us as the leader in the market of minimally invasive aesthetic treatment, reflected in both superior patient outcomes and financial performance that remain among the best in the industry. While total revenue declined approximately 6% year over year, revenue from consumables and services increased slightly compared to last year. We believe this may represent early signs of stabilization in patient activity and usage levels across our installed base. We view 2026 as a stabilization year for the business following a prolonged period of industry softness. In 2025, we took the steps in our North American business. We appointed Michael Dennison as President of North America in October and unified our operation into a single organization spanning from Eastern U.S., Western U.S., and Canada. Given the timing of this leadership change, the impact on fourth quarter results was limited. However, we expect the new structure, leadership, and commercial initiatives to begin delivering tangible results in 2026. During 2025, we also laid the foundation for a more differentiated and focused commercial organization. Our sales force is now segmented across aesthetic and wellness with a dedicated team aligned to specific platforms. For Envision, we have established a specialized sales team with deep experience in the category, which we believe will drive increased penetration and improved sales productivity. Product innovat...
Investor releaseQuarter not tagged2026-02-11InMode Ltd. Q4 2025 Earnings Call Summary
Moby
InMode Ltd. Q4 2025 Earnings Call Summary
Management characterizes 2026 as a stabilization year following a prolonged period of industry softness driven by high interest rates and reduced consumer demand for high-cost aesthetic procedures. The North American business was unified into a single organization under new leadership to streamline operations across the U.S. and Canada, aiming to improve sales productivity in 2026. A strategic shift toward specialized sales teams was implemented, beginning with a dedicated team for the Envision platform to drive deeper category penetration. Revenue from consumables and services increased slightly, which management interprets as an early indicator of stabilizing patient activity across the global installed base. The company is intentionally expanding its portfolio into the 'bread and butter' laser market to provide a one-stop solution, despite these products carrying lower margins than core RF technology. Management noted that GLP-1 weight-loss drugs may temporarily divert consumer spending from fat-reduction procedures but expects long-term demand for skin tightening treatments as a result of rapid weight loss. The 2026 revenue guidance of $365 million to $375 million assumes a flat growth environment as the industry continues to recover from a global economic slowdown. Gross margin guidance of 75% to 77% reflects the impact of a shifting product mix toward lower-margin laser devices and a 15% U.S. tariff on imports from Israel. The company plans to launch two new platforms annually, with 2026 featuring a Korean-made Pico laser and a next-generation Morpheus platform combined with Erbium YAG technology. R&D investment is expected to increase in 2026 to fund two significant clinical studies in women's health and ongoing FDA de novo clearance efforts for dry eye indications. Management anticipates that potential interest rate declines will improve the affordability of five-year leasing packages, which are the primary vehicle for physician capital equipment purchases. The Board of Directors has engaged Bank of America to evaluate strategic alternatives to address what they perceive as a low company valuation. Management addressed a public proposal from Steel Partners to acquire 51% of the company, clarifying that no formal tender offer has been made and no contact has occurred between the parties. A disciplined share repurchase program returned $127.4 million t...
Investor releaseQuarter not tagged2026-02-11InMode Q4 Earnings Call Highlights
MarketBeat
InMode Q4 Earnings Call Highlights
InMode said Q4 came in “slightly better than expected” but full-year revenue fell about 6% to $370.5M, and management expects 2026 to be a stabilization year rather than a return to growth despite early signs of bottoming in procedure counts and consumables usage. The company is expanding its laser portfolio (CO2 launched in 2025; Pico and Morpheus+Erbium YAG planned for 2026), but those externally sourced laser products and U.S. tariffs are expected to weigh on margins; 2026 guidance calls for non-GAAP gross margin of 75–77% and revenue of $365–$375M. After repurchasing nearly $508M of stock over ~2.5 years, InMode’s board has hired Bank of America to explore strategic alternatives, and management said it has had no contact with Steel Partners about its proposed offer. Interested in InMode Ltd.? Here are five stocks we like better. InMode (NASDAQ:INMD) executives said the company’s fourth quarter results came in “slightly better than expected” as the broader aesthetic market continued to face pressure from higher interest rates and softer customer demand. Management pointed to early signs of stabilization in procedures and consumables usage, while emphasizing that 2026 is expected to be a “stabilization year” rather than a return to growth. CEO Moshe Mizrahy said total revenue declined about 6% year-over-year for 2025, but noted that revenue from consumables and services increased slightly compared to the prior year. He said the consumables performance could represent early signs of stabilization in patient activity and usage across the installed base. → 3 ETFs Designed to Survive the Next Market Crash During the Q&A, Mizrahy added that easing interest rates are beginning to flow through to leasing packages, which he described as the primary way doctors finance purchases of capital equipment. He also pointed to a slight increase in procedure counts in the fourth quarter and higher consumables sales as incremental indicators that demand may be bottoming, while cautioning that the company does not yet see “the light at the end of the tunnel.” Mizrahy said InMode made “decisive steps” in North America during 2025, including the appointment of Michael Dennison as President of North America in October and a reorganization that unified Eastern U.S., Western U.S., and Canada into a single organization. He said the timing limited the impact on fourth quarter result...
Investor releaseQuarter not tagged2026-02-10InMode: Q4 Earnings Snapshot
Associated Press Finance
InMode: Q4 Earnings Snapshot
YOKNEAM, Israel (AP) — YOKNEAM, Israel (AP) — InMode Ltd. (INMD) on Tuesday reported net income of $27 million in its fourth quarter. The Yokneam, Israel-based company said it had net income of 42 cents per share. Earnings, adjusted for stock option expense, came to 46 cents per share. The maker of cosmetic surgery devices posted revenue of $103.9 million in the period. For the year, the company reported profit of $93.8 million, or $1.43 per share. Revenue was reported as $370.5 million. InMode expects full-year earnings in the range of $1.43 to $1.48 per share, with revenue in the range of $365 million to $375 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INMD at https://www.zacks.com/ap/INMD