NYSE$NSPR

InspireMD Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

InspireMD reported first quarter 2024 financial results with revenue increase and progress in clinical trials.

InspireMD reported a 22.0% increase in revenue to $1.51 million for Q1 2024, driven by growth in existing markets. The company sold over 2,500 stents during the quarter, marking a total of over 50,000 stents sold to date. The company is focused on advancing the C-GUARDIANS PMA clinical trial and anticipates potential FDA approval in the first half of 2025.

  • Total revenue increased by 22.0% to $1.51 million compared to Q1 2023.
  • Over 2,500 stents were sold during the quarter, up 25.6% year-over-year.
  • Gross profit decreased by 21.6% to $292,000 due to higher training costs.
  • Net loss totaled $7.03 million, or $0.21 per share, compared to a net loss of $4.26 million, or $0.53 per share, for the same period in 2023.

Headline financials

Total Revenue

$1.51M

Previous: $1.24M+22.0%
EPS

-$0.21

Previous: -$0.53+60.4%
Research and Development Expenses

$2.63M

No prior period
Selling and Marketing Expenses

$1.24M

No prior period
General and Administrative Expenses

$3.84M

No prior period
Financial Income, net

$382K

No prior period
Net Cash Used in Operating Activities

-$5.06M

No prior period
Net Cash Provided by Investing Activities

$4.82M

No prior period
Net Cash Provided by Financing Activities

$0.00

No prior period
Capital Expenditures

-$195K

Previous: -$25K-680.0%
Free Cash Flow

-$7.23M

Previous: -$4.28M-68.8%
Net Income

-$7.03M

Previous: -$4.26M-65.2%
Operating Income

-$7.41M

Previous: -$4.38M-69.2%
Gross Profit

$292K

Previous: $373K-21.7%
R&D Expense

$2.63M

No prior period
Stock-Based Comp

$2.62M

Previous: $289K+805.9%

Revenue & EPS history

InspireMD · Revenue · Quarterly

$1.51M

Q1 2024+22%vs Q1 2023
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

InspireMD · $1.56M total across 1 segment · Q3 2023

  • CGuard EPS
    $1.56M+8.7%

Forward guidance

The company anticipates and prepares for a launch of its best-in-class carotid platforms in the U.S. in 2025.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-3.7%

Avg return

Earnings day

-7.1%

Avg return

5 days after

-12.5%

Avg return

30 days after

32%

19 / 60 earnings

Positive

+15.4%

Q4 2014

Best reaction

-26.3%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.7%+0.0%
Q4 2025+0.0%-2.8%-24.6%
Q3 2025-7.0%-21.0%-16.2%
Q1 2025+0.0%-9.2%-3.8%
Q4 2024+0.7%+0.4%-8.2%
Q3 2024+2.0%+2.8%+25.6%
Q2 2024-3.4%-3.4%-7.4%
Q1 2024-4.2%-4.2%+8.3%
Q4 2023+0.4%-3.0%-12.9%
Q3 2023-6.0%-9.0%-26.1%
Q2 2023+0.0%+3.5%+11.9%
Q1 2023-4.3%-2.2%+11.4%
Q4 2022-1.7%-6.1%-9.6%
Q3 2022-13.9%-22.2%+5.6%
Q2 2022-6.3%-5.9%-15.1%
Q1 2022-3.9%+1.0%+1.9%
Q4 2021+4.6%-4.6%+19.8%
Q3 2021-1.4%-3.4%-14.9%
Q2 2021-2.5%-4.8%+7.8%
Q1 2021+0.6%-3.2%+23.6%
Q4 2020-11.4%-4.9%-20.5%
Q3 2020+2.9%+0.0%+0.0%
Q2 2020-2.1%-2.1%-27.7%
Q1 2020+13.5%+6.8%-24.3%
Q4 2019-22.0%-35.4%-18.3%
Q3 2019-26.3%-33.8%-31.6%
Q2 2019-19.9%-18.0%-11.4%
Q1 2019-19.4%-24.3%-14.4%
Q4 2018-10.0%-12.5%-46.6%
Q3 2018-4.2%-8.3%-20.8%
Q2 2018+4.8%+4.8%-9.5%
Q1 2018+7.3%-2.4%-7.3%
Q4 2017-1.0%-0.8%-41.2%
Q3 2017+0.0%+2.6%-64.1%
Q2 2017-6.3%-16.7%-33.3%
Q1 2017+0.0%-7.9%-12.7%
Q4 2016-9.0%-14.5%-59.0%
Q3 2016-4.1%+2.4%+22.9%
Q2 2016-10.5%-15.8%-31.6%
Q1 2016-14.3%
Q4 2015+2.0%
Q3 2015-15.8%
Q2 2015-25.0%
Q1 2015-11.5%
Q4 2014+15.4%
Q3 2014-3.3%
Q2 2014+2.1%
Q1 2014+1.8%
Q4 2013+2.0%
Q3 2013-3.1%
Q2 2013-0.9%
Q1 2013-6.0%
Q4 2012-8.6%
Q3 2012+1.4%
Q2 2012+2.1%
Q1 2012-16.8%
Q4 2011+9.7%
Q3 2011+0.0%
Q2 2011+0.0%
Q1 2011+7.7%
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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