Inogen announced unaudited preliminary revenue results for the fourth quarter and the full year ended December 31. The Company estimates preliminary, unaudited total revenue in the fourth quarter of 2022 to be in the range of $87.5M to $88.5M, representing year-over-year growth of 14.5% to 15.8%. Full year 2022 total preliminary, unaudited revenue is expected to be in the range of $376.7M to $377.7M, representing year-over-year growth of 5.2% to 5.5%. "Despite the prevailing macroeconomic pressures and headwinds resulting from our efforts to continue upgrading the operating disciplines in our DTC commercial team, preliminary fourth quarter 2022 results came in within the expectations we had shared during our third quarter earnings call," said Nabil Shabshab, President and Chief Executive Officer. "We expect productivity to improve in the near-term as the tenure of our DTC team increases and we continue partnering with our B2B channel to manage economic pressures. While we continue to prioritize investments to drive medium to long-term growth, we are also diligently managing operating expenses in support of our plans for long-term profitability."
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