{"id":412967,"date":"2021-01-12T08:03:48","date_gmt":"2021-01-12T13:03:48","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=412967"},"modified":"2021-01-12T08:03:48","modified_gmt":"2021-01-12T13:03:48","slug":"inmode-expects-record-fourth-quarter-and-full-year-2020-results-fourth-quarter-revenue-between-74-5-75m-non-gaap-earnings-per-diluted-share-between-0-91-0-93-announces-2021-full-year-revenue-gu","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/inmode-expects-record-fourth-quarter-and-full-year-2020-results-fourth-quarter-revenue-between-74-5-75m-non-gaap-earnings-per-diluted-share-between-0-91-0-93-announces-2021-full-year-revenue-gu\/","title":{"rendered":"InMode Expects Record Fourth Quarter and Full Year 2020 Results, Fourth Quarter Revenue Between $74.5-$75M, Non-GAAP Earnings per Diluted Share Between $0.91-$0.93; Announces 2021 Full Year Revenue Guidance of $250- $260M"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Conference call to be held on February 10 at 8:30 a.m. Eastern Time<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>YOKNEAM, Israel,, <span class=\"xn-chron\">Jan. 12, 2021<\/span> \/PRNewswire\/ &#8212; InMode Ltd. (Nasdaq: INMD), a leading global provider of innovative medical technologies, announced today that it expects to release its financial results for the fourth quarter and full year 2020 before the Nasdaq market opens on <span class=\"xn-chron\">Wednesday, February 10, 2021<\/span>. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1064477\/InMode_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1064477\/InMode_Logo.jpg\" title=\"InMode Logo (PRNewsfoto\/InMode)\" alt=\"InMode Logo (PRNewsfoto\/InMode)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>InMode is currently finalizing its financial results for the three months and year ended <span class=\"xn-chron\">December 31, 2020<\/span>. While complete financial information and operating data are not yet available, set forth below are certain preliminary results of InMode&#8217;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:<\/p>\n<ul type=\"disc\">\n<li>Record revenue for the fourth quarter and full year of 2020 in the range of <span class=\"xn-money\">$74.5 million<\/span> to <span class=\"xn-money\">$75 million<\/span> and <span class=\"xn-money\">$205.5 million<\/span> to <span class=\"xn-money\">$206 million<\/span>, respectively, higher than the previously announced guidance of <span class=\"xn-money\">$192 million<\/span> to <span class=\"xn-money\">$195 million<\/span><\/li>\n<li>Non-GAAP earnings per diluted share for the fourth quarter and full year of 2020 in the range of <span class=\"xn-money\">$0.91<\/span> to <span class=\"xn-money\">$0.93<\/span> and <span class=\"xn-money\">$2.08<\/span> to <span class=\"xn-money\">$2.10<\/span>, respectively <\/li>\n<li>Non-GAAP gross margin for the full year of 2020 in the range of 84% to 86% <\/li>\n<li>Full year 2021 revenue guidance in the range of <span class=\"xn-money\">$250 million<\/span> to <span class=\"xn-money\">$260 million<\/span>. <\/li>\n<\/ul>\n<p>&#8220;Our best-in-class sales and marketing team adapted to the new COVID environment seamlessly. We were able to execute on all of our strategic goals throughout the ongoing pandemic. Our unique hands-free and minimally invasive technology supported InMode&#8217;s growth by providing safe and effective solutions for physicians to offer their patients,&#8221; commented <span class=\"xn-person\">Moshe Mizrahy<\/span>, InMode&#8217;s CEO. <\/p>\n<p>&#8220;Our new proprietary and patented technologies have been well-accepted by the medical community even during this difficult period. These technologies enabled physicians to provide solutions that maintain social distancing for out-patient clinic-based treatments.\u00a0We believe these treatments are becoming the standard of care in the COVID-19 environment,&#8221; commented Dr. <span class=\"xn-person\">Michael Kreindel<\/span>, InMode&#8217;s CTO.<\/p>\n<p>[1] <i>Please refer to &#8220;Use of Non-GAAP Financial Measure&#8221; below for important information about non-GAAP financial measures. Non-GAAP financial results exclude stock-based compensation and related tax adjustments.<\/i><\/p>\n<p>Members of InMode&#8217;s management team will host a conference call to discuss the fourth quarter and full year 2020 financial results on <span class=\"xn-chron\">February 10, 2021<\/span>, at <span class=\"xn-chron\">8:30 a.m. Eastern Time<\/span>. The presenters include Mr. <span class=\"xn-person\">Moshe Mizrahy<\/span>, Chairman and Chief Executive Officer; Dr. <span class=\"xn-person\">Michael Kreindel<\/span>, co-founder and Chief Technology Officer; Mr. <span class=\"xn-person\">Yair Malca<\/span>, Chief Financial Officer; Mr. <span class=\"xn-person\">Shakil Lakhani<\/span>, President of <span class=\"xn-location\">North America<\/span>; and Dr. <span class=\"xn-person\">Spero Theodorou<\/span>, Chief Medical Officer.<\/p>\n<p>The Company encourages participants to <b>pre-register for the conference call using the following link<\/b>: <a href=\"https:\/\/dpregister.com\/sreg\/10151158\/e064a3345e\" rel=\"nofollow\">https:\/\/dpregister.com\/sreg\/10151158\/e064a3345e<\/a>. 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.<\/p>\n<p>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.<\/p>\n<p class=\"prntac\">\n        <b>U.S. Toll-Free<\/b>: 1-833-316-0562<br \/><b><span class=\"xn-person\">Israel Toll-Free<\/span><\/b>: 1-80-921-2373<br \/><b>International<\/b>: 1-412-317-5736<br \/>At:<br \/><span class=\"xn-chron\">8:30 a.m. Eastern Time<\/span><br \/><span class=\"xn-chron\">5:30 a.m. Pacific Time<\/span><br \/><span class=\"xn-chron\">3:30 p.m.<\/span> Israel Time<\/p>\n<p>The conference call will also be webcast live from a link on InMode&#8217;s website at <a href=\"https:\/\/inmodemd.com\/investors\/events-presentations\/\" rel=\"nofollow\">https:\/\/inmodemd.com\/investors\/events-presentations\/<\/a>. A replay of the conference call will be available from <span class=\"xn-chron\">February 10, 2021<\/span> at <span class=\"xn-chron\">12:00 p.m. Eastern Time<\/span> to <span class=\"xn-chron\">February 24, 2021<\/span> at <span class=\"xn-chron\">11:59 p.m. Eastern Time<\/span>. To access the replay, please dial one of the following numbers:<\/p>\n<p class=\"prntac\">\n        <b>Replay U.S. TOLL-FREE<\/b>: 1-877-344-7529<br \/><b>Replay Canada TOLL-FREE<\/b>: 855-669-9658<br \/><b>Replay TOLL\/INTERNATIONAL<\/b>: 1-412-317-0088<br \/><b>Replay Pin Number<\/b>: 10151158<\/p>\n<p>A replay will also be available for 90 days on InMode&#8217;s website at: <a href=\"https:\/\/inmodemd.com\/investors\/events-presentations\/\" rel=\"nofollow\">https:\/\/inmodemd.com\/investors\/events-presentations\/<\/a>.<\/p>\n<p>\n        <b>About InMode <\/b>\n      <\/p>\n<p>InMode is a leading global provider of innovative medical technologies. InMode develops, manufactures, and markets devices harnessing novel radiofrequency (&#8220;RF&#8221;) technology. InMode strives to enable new emerging surgical procedures as well as improve existing treatments. InMode has leveraged its medically accepted minimally-invasive RF technologies to offer a comprehensive line of products across several categories for plastic surgery, gynecology, dermatology, otolaryngology, and ophthalmology.<\/p>\n<p>For more information about InMode, please visit <a target=\"_blank\" href=\"http:\/\/www.inmodemd.com\/\" rel=\"nofollow noopener noreferrer\">www.inmodemd.com<\/a>.<\/p>\n<p>\n        <b>Use of Non-GAAP Financial Measure<\/b>\n      <\/p>\n<p>This release includes an estimate of InMode&#8217;s expected non-GAAP earnings per diluted share for the fourth quarter and full year 2020. Because this financial measure is used in InMode&#8217;s internal analysis of financial and operating performance, management believes that it provides greater transparency to investors of management&#8217;s view of InMode&#8217;s economic performance. Management also believes the presentation of this measure allows investors to more effectively evaluate and compare the performance of InMode to that of its peers, although InMode&#8217;s presentation of this non-GAAP measure may not be comparable to other similarly-titled measures of other companies. InMode has not provided a reconciliation of non-GAAP earnings per diluted share to the corresponding GAAP financial measure on a forward-looking basis due to the potential variability, limited visibility and unpredictability. See &#8220;Forward-Looking Statements&#8221; for additional information.<\/p>\n<p>\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p>This press release contains certain forward-looking statements. Words such as &#8220;expects&#8221; and &#8220;strives&#8221; or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions, many of which are beyond the control of InMode, including, without limitation, risks relating to the impact of the COVID-19 outbreak and the risk factors and other matters set forth in its Annual Report on Form F-20 for the year ended <span class=\"xn-chron\">December 31, 2019<\/span> filed with the Securities and Exchange Commission on <span class=\"xn-chron\">February 18, 2020<\/span>. The COVID-19 outbreak has caused significant volatility and disruption in the financial markets both globally and in <span class=\"xn-location\">the United States<\/span>. If COVID-19 continues to spread or the response to contain it is unsuccessful, InMode could experience material adverse effects on its business, financial condition, liquidity and results of operations. InMode undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.<\/p>\n<p>\n        <b>Investor Relations Contact:<br \/><\/b>Miri Segal-Scharia<br \/>MS-IR LLC<br \/><a target=\"_blank\" href=\"mailto:ir@inmodemd.com\" rel=\"nofollow noopener noreferrer\">ir@inmodemd.com<\/a><br \/>917-607-8654\u00a0 <\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN45313&amp;sd=2021-01-12\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/inmode-expects-record-fourth-quarter-and-full-year-2020-results-fourth-quarter-revenue-between-74-5-75m-non-gaap-earnings-per-diluted-share-between-0-91-0-93-announces-2021-full-year-revenue-guidance-of-250--260m-301206098.html\">http:\/\/www.prnewswire.com\/news-releases\/inmode-expects-record-fourth-quarter-and-full-year-2020-results-fourth-quarter-revenue-between-74-5-75m-non-gaap-earnings-per-diluted-share-between-0-91-0-93-announces-2021-full-year-revenue-guidance-of-250&#8211;260m-301206098.html<\/a><\/p>\n<p>SOURCE  InMode Ltd.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LN45313&amp;Transmission_Id=202101120800PR_NEWS_USPR_____LN45313&amp;DateId=20210112\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Conference call to be held on February 10 at 8:30 a.m. Eastern Time PR Newswire YOKNEAM, Israel,, Jan. 12, 2021 \/PRNewswire\/ &#8212; InMode Ltd. (Nasdaq: INMD), a leading global provider of innovative medical technologies, announced today that it expects to release its financial results for the fourth quarter and full year 2020 before the Nasdaq market opens on Wednesday, February 10, 2021. InMode is currently finalizing its financial results for the three months and year ended December 31, 2020. While complete financial information and operating data are not yet available, set forth below are certain preliminary results of InMode&#8217;s financial results for such period, subject to final adjustments and other developments that may arise between now and the time such &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/inmode-expects-record-fourth-quarter-and-full-year-2020-results-fourth-quarter-revenue-between-74-5-75m-non-gaap-earnings-per-diluted-share-between-0-91-0-93-announces-2021-full-year-revenue-gu\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;InMode Expects Record Fourth Quarter and Full Year 2020 Results, Fourth Quarter Revenue Between $74.5-$75M, Non-GAAP Earnings per Diluted Share Between $0.91-$0.93; Announces 2021 Full Year Revenue Guidance of $250- $260M&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-412967","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>InMode Expects Record Fourth Quarter and Full Year 2020 Results, Fourth Quarter Revenue Between $74.5-$75M, Non-GAAP Earnings per Diluted Share Between $0.91-$0.93; Announces 2021 Full Year Revenue Guidance of $250- $260M - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/inmode-expects-record-fourth-quarter-and-full-year-2020-results-fourth-quarter-revenue-between-74-5-75m-non-gaap-earnings-per-diluted-share-between-0-91-0-93-announces-2021-full-year-revenue-gu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"InMode Expects Record Fourth Quarter and Full Year 2020 Results, Fourth Quarter Revenue Between $74.5-$75M, Non-GAAP Earnings per Diluted Share Between $0.91-$0.93; Announces 2021 Full Year Revenue Guidance of $250- $260M - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Conference call to be held on February 10 at 8:30 a.m. Eastern Time PR Newswire YOKNEAM, Israel,, Jan. 12, 2021 \/PRNewswire\/ &#8212; InMode Ltd. (Nasdaq: INMD), a leading global provider of innovative medical technologies, announced today that it expects to release its financial results for the fourth quarter and full year 2020 before the Nasdaq market opens on Wednesday, February 10, 2021. InMode is currently finalizing its financial results for the three months and year ended December 31, 2020. While complete financial information and operating data are not yet available, set forth below are certain preliminary results of InMode&#8217;s financial results for such period, subject to final adjustments and other developments that may arise between now and the time such &hellip; Continue reading &quot;InMode Expects Record Fourth Quarter and Full Year 2020 Results, Fourth Quarter Revenue Between $74.5-$75M, Non-GAAP Earnings per Diluted Share Between $0.91-$0.93; Announces 2021 Full Year Revenue Guidance of $250- $260M&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/inmode-expects-record-fourth-quarter-and-full-year-2020-results-fourth-quarter-revenue-between-74-5-75m-non-gaap-earnings-per-diluted-share-between-0-91-0-93-announces-2021-full-year-revenue-gu\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-12T13:03:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1064477\/InMode_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/inmode-expects-record-fourth-quarter-and-full-year-2020-results-fourth-quarter-revenue-between-74-5-75m-non-gaap-earnings-per-diluted-share-between-0-91-0-93-announces-2021-full-year-revenue-gu\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/inmode-expects-record-fourth-quarter-and-full-year-2020-results-fourth-quarter-revenue-between-74-5-75m-non-gaap-earnings-per-diluted-share-between-0-91-0-93-announces-2021-full-year-revenue-gu\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"InMode Expects Record Fourth Quarter and Full Year 2020 Results, Fourth Quarter Revenue Between $74.5-$75M, Non-GAAP Earnings per Diluted Share Between $0.91-$0.93; 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(Nasdaq: INMD), a leading global provider of innovative medical technologies, announced today that it expects to release its financial results for the fourth quarter and full year 2020 before the Nasdaq market opens on Wednesday, February 10, 2021. InMode is currently finalizing its financial results for the three months and year ended December 31, 2020. While complete financial information and operating data are not yet available, set forth below are certain preliminary results of InMode&#8217;s financial results for such period, subject to final adjustments and other developments that may arise between now and the time such &hellip; Continue reading \"InMode Expects Record Fourth Quarter and Full Year 2020 Results, Fourth Quarter Revenue Between $74.5-$75M, Non-GAAP Earnings per Diluted Share Between $0.91-$0.93; Announces 2021 Full Year Revenue Guidance of $250- $260M\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/inmode-expects-record-fourth-quarter-and-full-year-2020-results-fourth-quarter-revenue-between-74-5-75m-non-gaap-earnings-per-diluted-share-between-0-91-0-93-announces-2021-full-year-revenue-gu\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-12T13:03:48+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1064477\/InMode_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/inmode-expects-record-fourth-quarter-and-full-year-2020-results-fourth-quarter-revenue-between-74-5-75m-non-gaap-earnings-per-diluted-share-between-0-91-0-93-announces-2021-full-year-revenue-gu\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/inmode-expects-record-fourth-quarter-and-full-year-2020-results-fourth-quarter-revenue-between-74-5-75m-non-gaap-earnings-per-diluted-share-between-0-91-0-93-announces-2021-full-year-revenue-gu\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"InMode Expects Record Fourth Quarter and Full Year 2020 Results, Fourth Quarter Revenue Between $74.5-$75M, Non-GAAP Earnings per Diluted Share Between $0.91-$0.93; 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