Financial Snapshot

Revenue
$755.6M
TTM
Gross Margin
84.79%
TTM
Net Earnings
$33.05M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
784.39%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$696.6M
Q3 2024
Cash
Q3 2024
P/E
178.6
Nov 29, 2024 EST
Free Cash Flow
$38.20M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $624.8M $407.9M $233.4M $115.4M $82.05M $50.59M $28.57M $16.43M $8.000M
YoY Change 53.19% 74.75% 102.28% 40.62% 62.18% 77.1% 73.9% 105.34%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $624.8M $407.9M $233.4M $115.4M $82.05M $50.59M $28.57M $16.43M $8.000M
Cost Of Revenue $96.58M $66.12M $33.28M $17.62M $13.64M $10.06M $6.018M $3.905M $2.800M
Gross Profit $528.2M $341.7M $200.1M $97.76M $68.41M $40.54M $22.55M $12.52M $5.200M
Gross Profit Margin 84.54% 83.79% 85.74% 84.73% 83.37% 80.12% 78.93% 76.23% 65.0%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Selling, General & Admin $452.0M $320.7M $202.6M $127.9M $90.47M $53.53M $32.36M $22.68M $17.90M
YoY Change 40.93% 58.27% 58.45% 41.35% 69.01% 65.42% 42.65% 26.73%
% of Gross Profit 85.56% 93.84% 101.25% 130.81% 132.25% 132.04% 143.5% 181.15% 344.23%
Research & Development $116.5M $68.65M $37.35M $26.09M $12.84M $7.388M $6.194M $7.091M $7.100M
YoY Change 69.77% 83.79% 43.15% 103.22% 73.78% 19.28% -12.65% -0.13%
% of Gross Profit 22.06% 20.09% 18.66% 26.69% 18.77% 18.23% 27.47% 56.63% 136.54%
Depreciation & Amortization $2.846M $1.858M $1.218M $840.0K $495.0K $393.0K $285.0K $103.0K $120.0K
YoY Change 53.18% 52.55% 45.0% 69.7% 25.95% 37.89% 176.7% -14.17%
% of Gross Profit 0.54% 0.54% 0.61% 0.86% 0.72% 0.97% 1.26% 0.82% 2.31%
Operating Expenses $568.5M $389.3M $240.0M $154.0M $103.3M $60.92M $38.55M $29.78M $25.00M
YoY Change 46.02% 62.25% 55.86% 49.04% 69.59% 58.01% 29.48% 19.1%
Operating Profit -$40.27M -$47.59M -$39.85M -$56.21M -$34.90M -$20.38M -$16.00M -$17.25M -$19.80M
YoY Change -15.38% 19.43% -29.1% 61.07% 71.25% 27.34% -7.25% -12.86%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Interest Expense $20.56M $1.677M $2.128M $2.117M $2.119M $3.304M $1.753M $1.303M -$1.500M
YoY Change 1126.0% -21.19% 0.52% -0.09% -35.87% 88.48% 34.54% -186.87%
% of Operating Profit
Other Income/Expense, Net -$195.0K $3.324M -$2.120M -$880.0K $1.694M -$1.450M -$1.508M -$1.275M $0.00
YoY Change -105.87% -256.79% 140.91% -151.95% -216.83% -3.85% 18.27%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Pretax Income -$19.91M -$44.27M -$41.97M -$57.09M -$33.20M -$21.83M -$17.51M -$18.53M -$21.30M
YoY Change -55.03% 5.48% -26.48% 71.94% 52.11% 24.65% -5.49% -13.01%
Income Tax $1.247M $613.0K $72.00K $115.0K $40.00K $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$21.15M -$44.88M -$42.04M -$57.20M -$33.24M -$21.83M -$17.51M -$18.53M -$21.30M
YoY Change -52.87% 6.75% -26.5% 72.08% 52.3% 24.65% -5.49% -13.01%
Net Earnings / Revenue -3.39% -11.0% -18.01% -49.58% -40.52% -43.14% -61.3% -112.79% -266.25%
Basic Earnings Per Share -$0.72 -$1.60 -$1.54 -$2.19 -$1.40
Diluted Earnings Per Share -$0.72 -$1.60 -$1.54 -$2.19 -$1.40 -$931.6K -$866.3K -$915.8K -$1.054M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Cash & Short-Term Investments $460.4M $451.4M $214.5M $234.4M $149.5M $188.2M $16.10M $6.700M
YoY Change 1.99% 110.48% -8.5% 56.79% -20.56% 1068.94% 140.3%
Cash & Equivalents $185.5M $441.6M $214.5M $190.5M $22.90M $97.30M $9.000M $6.700M
Short-Term Investments $274.8M $9.821M $0.00 $43.80M $126.6M $90.90M $7.200M $0.00
Other Short-Term Assets $9.595M $5.505M $2.660M $2.000M $2.200M $1.700M $400.0K $100.0K
YoY Change 74.3% 106.95% 33.0% -9.09% 29.41% 325.0% 300.0%
Inventory $33.89M $11.89M $17.23M $8.500M $5.800M $2.700M $3.700M $3.400M
Prepaid Expenses
Receivables $89.88M $61.23M $34.18M $25.10M $13.10M $6.700M $3.900M $2.100M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $593.7M $530.0M $268.5M $269.9M $170.6M $199.3M $24.10M $12.20M
YoY Change 12.02% 97.38% -0.51% 58.21% -14.4% 726.97% 97.54%
Property, Plant & Equipment $62.65M $24.13M $16.41M $11.10M $4.000M $800.0K $1.000M $900.0K
YoY Change 159.65% 47.08% 47.79% 177.5% 400.0% -20.0% 11.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.143M $0.00 $9.938M $0.00 $6.300M
YoY Change -100.0% -100.0%
Other Assets $11.28M $10.72M $204.0K $200.0K $400.0K
YoY Change 5.25% 5152.45% 2.0% -50.0%
Total Long-Term Assets $83.07M $34.84M $26.55M $11.30M $10.70M $800.0K $1.000M $900.0K
YoY Change 138.41% 31.25% 134.93% 5.61% 1237.5% -20.0% 11.11%
Total Assets $676.8M $564.9M $295.1M $281.2M $181.3M $200.1M $25.10M $13.10M
YoY Change
Accounts Payable $38.84M $26.85M $11.67M $7.200M $4.500M $3.400M $3.000M $1.200M
YoY Change 44.67% 130.15% 62.01% 60.0% 32.35% 13.33% 150.0%
Accrued Expenses $39.27M $34.34M $20.45M $13.50M $12.40M $7.700M $4.100M $2.800M
YoY Change 14.35% 67.88% 51.51% 8.87% 61.04% 87.8% 46.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $9.188M $0.00 $3.300M
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $78.11M $61.19M $41.31M $20.70M $16.90M $11.20M $7.100M $7.300M
YoY Change 27.65% 48.13% 99.55% 22.49% 50.89% 57.75% -2.74%
Long-Term Debt $0.00 $0.00 $15.80M $24.70M $24.50M $24.90M $16.50M $12.40M
YoY Change -100.0% -36.04% 0.82% -1.61% 50.91% 33.06%
Other Long-Term Liabilities $26.19M $7.682M $8.930M $6.000M $0.00 $0.00 $200.0K $100.0K
YoY Change 240.95% -13.98% 48.83% -100.0% 100.0%
Total Long-Term Liabilities $26.19M $7.682M $24.73M $30.70M $24.50M $24.90M $16.70M $12.50M
YoY Change 240.95% -68.94% -19.45% 25.31% -1.61% 49.1% 33.6%
Total Liabilities $104.3M $68.87M $66.04M $51.40M $41.40M $36.10M $23.80M $19.70M
YoY Change 51.44% 4.29% 28.47% 24.15% 14.68% 51.68% 20.81%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Basic Shares Outstanding 29.30M shares 28.07M shares 27.26M shares 26.07M shares 23.80M shares
Diluted Shares Outstanding 29.30M shares 28.07M shares 27.26M shares 26.07M shares 23.80M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $5.9011 Billion

About Inspire Medical Systems, Inc.

Inspire Medical Systems, Inc. engages in the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea. The company is headquartered in Golden Valley, Minnesota and currently employs 1,011 full-time employees. The company went IPO on 2018-05-03. The firm is focused on the development and commercialization of advanced, minimally invasive solutions for patients with obstructive sleep apnea (OSA). Its proprietary Inspire therapy is the FDA-approved neurostimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea. The company has developed a novel, closed-loop solution that continuously monitors a patient’s breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. The firm sells its Inspire system to hospitals and ambulatory surgery centers (ASCs) in the United States (U.S.) and in select countries in Europe and Japan through a direct sales organization and sells its Inspire system in Singapore and Hong Kong through distributors. Its direct sales force engages in sales efforts and promotional activities focused on ear, nose and throat (ENT) physicians and sleep centers.

Industry: Surgical & Medical Instruments & Apparatus Peers: ABBOTT LABORATORIES QuidelOrtho Corp Envista Holdings Corp GLOBUS MEDICAL INC Inari Medical, Inc. MASIMO CORP OMNICELL, INC. Penumbra Inc Shockwave Medical, Inc.