In today’s briefing:
- InMode Ltd (INMD US): Decelerating Growth & Unfavorable Macro Environment Are Major Concerns
InMode Ltd (INMD US): Decelerating Growth & Unfavorable Macro Environment Are Major Concerns
- InMode Ltd (INMD US) reported record-high quarterly revenue of $134M in Q4, up 21% YoY, mainly driven by the strong demand for its innovative, energy-based, minimally invasive product platforms.
- However, quarterly revenue growth is deteriorating since Q3 2021. Q4 2022 revenue growth of 21% is the lowest in last two years or eight quarters.
- Demand for aesthetic procedures in the U.S., which is the core market for InMode is expected to deteriorate in next 6–12 months due to macroeconomic headwind.
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