Inspire: 4Q Earnings Snapshot
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.