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Inspire: 4Q Earnings Snapshot

February 25, 2020 GMT

GOLDEN VALLEY, Minn. (AP) _ Inspire Medical Systems Inc. (INSP) on Tuesday reported a loss of $9.1 million in its fourth quarter.

The Golden Valley, Minnesota-based company said it had a loss of 38 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The maker of devices for treating obstructive sleep apnea posted revenue of $26.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $23.9 million.

For the year, the company reported that its loss widened to $33.2 million, or $1.40 per share. Revenue was reported as $82.1 million.

Inspire expects full-year revenue in the range of $115 million to $119 million.

Inspire shares have increased almost 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $78.47, an increase of 38% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INSP at https://www.zacks.com/ap/INSP