Inspire Medical Systems, Inc. Announces Third Quarter 2018 Financial Results and Updates 2018 Outlook
November 06, 2018
MINNEAPOLIS, Nov. 06, 2018 (GLOBE NEWSWIRE) – Inspire Medical Systems, Inc. (NYSE: INSP) (Inspire), a medical technology company focused on the development and commercialization of innovative and minimally invasive solutions for patients with obstructive sleep apnea (OSA), reported financial results for the quarter ended September 30, 2018.
Recent Business Highlights
Generated revenue of $13.1 million in the third quarter of 2018, an 80% increase over the same quarter last year
Increased full-year 2018 revenue guidance to a range of $47.5 million to $48.0 million, from the previous revenue guidance of $42.8 million to $44.0 million
https://investors.inspiresleep.com/investors/press-releases/…
INSP did a beat and raise. Aetna had a good impact. In the conference call, they said they expect more payers will follow suit, which should help results more next year. The market likes the results and the stock is up more than 12% now.
Regards,
Tom