NYSE$INSP

Inspire Medical Systems Inc. · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Inspire Medical Systems reported strong Q4 2024 results, achieving $239.7 million in revenue, a 25% year-over-year increase. Net income rose significantly to $35.2 million, with a diluted EPS of $1.15. Operating income surged to $31.9 million, supported by an 85.0% gross margin. The company activated 72 new U.S. centers and added 12 new sales territories, contributing to growth momentum.

Headline financials

Total Revenue

$240M

Previous: $193M+24.5%
EPS (adj)

$1.15

Previous: $0.49+134.7%
Gross Margin

85.0%

No prior period
Adjusted EBITDA

$62.7M

No prior period
Adjusted EBITDA Margin

26.2%

No prior period
Capital Expenditures

-$7.03M

Previous: $8.03M-187.5%
Net Income

$35.2M

Previous: $14.8M+138.0%
Operating Income

$31.9M

Previous: $9.3M+242.9%
Gross Profit

$204M

Previous: $164M+23.9%
R&D Expense

$30.3M

Previous: $31.1M-2.3%

Revenue & EPS history

Inspire · Revenue · Quarterly

$240M

Q4 2024+24.5%vs Q4 2023
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Forward guidance

Inspire expects continued growth in 2025, projecting revenue between $940 million and $955 million, reflecting 17-19% year-over-year growth. Diluted EPS is forecasted between $2.10 and $2.20, with gross margins anticipated in the 84-86% range.

Tailwinds

  • Revenue guidance increased to $940M-$955M for FY 2025.
  • Expected EPS growth to $2.10-$2.20.
  • Continued expansion with new sales territories and centers.
  • Strong demand for Inspire V therapy driving adoption.
  • Stable gross margin projection between 84-86%.

Headwinds

  • Increased operating expenses due to expansion efforts.
  • Potential headwinds from regulatory changes.
  • Macroeconomic uncertainty may impact demand.
  • Stock repurchase program could impact liquidity.
  • Competitive pressures in the sleep apnea market.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+2.4%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+3.3%

Avg return

30 days after

69%

22 / 32 earnings

Positive

+34.4%

Q3 2020

Best reaction

-34.9%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-12.2%-19.2%-23.1%
Q4 2025-12.5%-11.5%-14.1%
Q3 2025+15.6%+11.0%+90.0%
Q1 2025+1.6%-4.7%-14.4%
Q4 2024+1.7%+2.6%-12.2%
Q3 2024+4.3%+3.1%+3.3%
Q2 2024+29.5%+32.8%+35.6%
Q1 2024-34.9%-33.1%-37.7%
Q4 2023-6.5%-9.8%-4.8%
Q3 2023-20.9%-23.5%-2.1%
Q2 2023-3.5%-3.7%-21.2%
Q1 2023+5.0%+5.8%+15.3%
Q4 2022+9.7%+7.9%-0.4%
Q3 2022+6.0%+6.4%+22.9%
Q2 2022+4.4%+4.0%-11.0%
Q1 2022-4.5%-19.8%-14.4%
Q4 2021+5.4%+0.6%-1.4%
Q3 2021+1.3%+4.1%-16.0%
Q2 2021+12.9%+14.4%+26.1%
Q1 2021-16.0%-17.4%-29.6%
Q4 2020+3.4%+4.1%-11.4%
Q3 2020+34.4%+40.7%+60.3%
Q2 2020+7.4%+3.5%+17.9%
Q1 2020+3.7%+6.2%+26.1%
Q4 2019+6.4%+7.7%-27.2%
Q3 2019+4.3%+4.8%+21.7%
Q2 2019+4.5%+1.9%+7.3%
Q1 2019-2.5%-5.7%-0.6%
Q4 2018+5.4%+5.0%-4.5%
Q3 2018+15.4%+1.8%-9.9%
Q2 2018-1.8%-0.1%+15.6%
Q1 2018+10.0%+6.4%+20.5%
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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