NYSE$NSPR

InspireMD Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported strong procedural recovery and market demand of CGuard EPS, resulting in revenue increase.

InspireMD reported a significant revenue increase of 231.6% in Q2 2021, driven by a strong rebound in CGuard EPS sales. The company also made progress in its U.S. expansion efforts and product pipeline development.

  • Revenue increased by 231.6% to $1,038,000 compared to Q2 2020.
  • CGuard EPS sales volume increased by 276.0% year-over-year.
  • Gross profit increased to $262,000 from a gross loss of $120,000 in Q2 2020.
  • Net loss for the quarter was $3,507,000, or $0.46 per share.

Headline financials

Total Revenue

$1.04M

Previous: $313K+231.6%
EPS (adj)

-$0.46

Previous: -$3.00+84.7%
Capital Expenditures

-$80K

No prior period
Free Cash Flow

-$3.59M

Previous: -$2.48M-44.6%
Net Income

-$3.51M

Previous: -$2.48M-41.4%
Operating Income

-$3.44M

Previous: -$2.45M-40.6%
Gross Profit

$262K

Previous: -$120K+318.3%
Cash & Equivalents

$41.4M

Previous: $13.9M+198.7%
Total Assets

$46.4M

No prior period
Stock-Based Comp

$383K

No prior period

Revenue & EPS history

InspireMD · Revenue · Quarterly

$1.04M

Q2 2021+231.6%vs Q2 2020
Beat estimate in 2 of 13 quarters(15%)
ActualEstimate

Revenue by segment

InspireMD · $1.02M total across 1 segment · Q2 2021

  • CGuard EPS
    $1.02M+276.0%

Forward guidance

InspireMD is focused on expanding the use of CGuard EPS globally, including the U.S. and Asia, and advancing its product pipeline with CGuard Prime and a new embolic protection device.

Tailwinds

  • Initiating U.S. FDA C-Guardians IDE trial
  • Listing shares on Nasdaq Capital Market
  • Appointing MedTech marketing executive to Board of Directors
  • Forming a Medical Advisory Board
  • Advancing global growth plans in Asian markets

Headwinds

  • Intense competition in the medical device industry
  • Reliance on single suppliers for certain product components
  • Need to raise additional capital to meet business requirements
  • Conducting business in multiple foreign jurisdictions
  • Market acceptance of existing and new products

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 Q2 2021

Historical avgQ2 2021

-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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