Inogen, inc. (INGN)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Revenue
Sales revenue

83,140

73,473

86,392

95,863

84,818

80,732

89,712

91,987

73,584

58,351

63,137

58,038

45,966

42,604

47,177

45,578

32,811

28,943

29,248

32,385

23,049

18,350

19,425

20,464

14,857

11,125

12,134

12,751

8,895

Rental revenue

5,349

5,444

5,369

5,200

5,384

5,799

5,579

5,251

5,467

5,436

5,893

6,083

6,534

8,247

7,245

8,989

10,178

11,503

11,530

11,644

10,703

10,768

9,968

9,929

8,776

8,637

7,643

7,406

6,852

Total revenue

88,489

78,917

91,761

101,063

90,202

86,531

95,291

97,238

79,051

63,787

69,030

64,121

52,500

50,851

54,422

54,567

42,989

40,446

40,778

44,029

33,752

29,118

29,393

30,393

23,633

19,762

19,777

20,157

15,747

Cost of revenue
Cost of sales revenue

47,118

41,908

44,769

47,230

42,067

39,263

42,810

44,968

36,948

28,856

31,401

27,993

21,913

21,330

24,271

23,046

16,507

15,052

16,046

17,866

12,589

10,324

10,146

10,682

7,541

5,900

6,751

6,464

5,191

Cost of rental revenue, including depreciation of $1,299 and $1,705, respectively

3,005

3,087

3,677

3,618

3,726

3,698

3,668

3,800

4,376

4,175

4,459

4,561

4,843

4,833

5,023

5,306

5,203

5,356

5,357

5,341

5,140

4,978

4,598

4,597

4,154

3,687

3,384

2,636

2,439

Total cost of revenue

50,123

44,995

48,446

50,848

45,793

42,961

46,478

48,768

41,324

33,031

35,860

32,554

26,756

26,163

29,294

28,352

21,710

20,408

21,403

23,207

17,729

15,302

14,744

15,279

11,695

9,587

10,135

9,100

7,630

Gross profit
Gross profit-sales revenue

36,022

31,565

41,623

48,633

42,751

41,469

46,902

47,019

36,636

29,495

31,736

30,045

24,053

21,274

22,906

22,532

16,304

13,891

13,202

14,519

10,460

-

9,279

9,782

-

-

-

-

-

Gross profit-rental revenue

2,344

2,357

1,692

1,582

1,658

2,101

1,911

1,451

1,091

1,261

1,434

1,522

1,691

3,414

2,222

3,683

4,975

6,147

6,173

6,303

5,563

-

5,370

5,332

-

-

-

-

-

Total gross profit

38,366

33,922

43,315

50,215

44,409

43,570

48,813

48,470

37,727

30,756

33,170

31,567

25,744

24,688

25,128

26,215

21,279

20,038

19,375

20,822

16,023

13,816

14,649

15,114

11,938

10,175

9,642

11,057

8,117

Operating expense
Research and development

3,605

3,628

2,636

1,468

1,669

1,742

2,096

1,775

1,416

1,369

1,375

1,260

1,309

1,216

1,350

1,379

1,168

1,226

1,116

975

863

665

798

879

635

581

674

640

503

Sales and marketing

27,163

25,544

24,047

27,758

28,201

28,265

26,339

22,999

18,038

15,189

13,095

11,945

10,529

9,320

9,679

9,576

8,965

8,746

8,132

7,567

6,924

6,431

5,587

6,364

5,705

5,083

4,550

4,595

4,147

General and administrative

9,777

10,071

8,525

8,844

9,681

8,788

9,982

9,675

9,573

9,008

10,368

9,865

8,335

7,981

8,702

7,241

7,869

6,592

6,413

6,935

5,718

5,288

4,697

3,908

4,049

3,958

3,532

3,430

2,834

Total operating expense

40,545

39,243

35,208

38,070

39,551

38,795

38,417

34,449

29,027

25,566

24,838

23,070

20,173

18,517

19,731

18,196

18,002

16,564

15,661

15,477

13,505

12,384

11,082

11,151

10,389

9,622

8,756

8,665

7,484

Income (loss) from operations

-2,179

-5,321

8,107

12,145

4,858

4,775

10,396

14,021

8,700

5,190

8,332

8,497

5,571

6,171

5,397

8,019

3,277

3,474

3,714

5,345

2,518

1,432

3,567

3,963

1,549

553

886

2,392

633

Other income (expense)
Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

2

3

4

5

6

7

9

104

203

133

250

113

95

104

Interest income

552

835

1,149

1,394

1,334

1,148

895

673

543

297

221

146

101

70

61

36

29

36

28

26

12

14

10

12

6

3

3

3

3

Change in fair value of preferred stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-36

60

-41

263

-20

Other income (expense)

-60

249

-503

145

-120

-100

8

-1,048

444

307

264

523

207

-407

-8

-11

97

-189

-59

-51

-105

-100

1

4

7

-

-

0

209

Total other income, net

492

1,084

646

1,539

1,214

1,048

903

-375

987

604

485

669

308

-337

52

23

123

-157

-36

-31

-100

-95

-93

-187

-84

-320

-69

-355

128

Income (loss) before provision (benefit) for income taxes

-1,687

-4,237

8,753

13,684

6,072

5,823

11,299

13,646

9,687

5,794

8,817

9,166

5,879

5,834

5,449

8,042

3,400

3,317

3,678

5,314

2,418

1,337

3,474

3,776

1,465

233

817

2,037

761

Provision (benefit) for income taxes

-98

-2,862

1,890

3,524

770

-4,222

-5,133

-964

-1,071

6,400

1,479

828

-53

574

203

550

879

-541

982

1,855

846

-182

1,341

1,490

577

-21,738

43

77

31

Net income (loss)

-1,589

-1,375

6,863

10,160

5,302

10,045

16,432

14,610

10,758

-606

7,338

8,338

5,932

5,260

5,246

7,492

2,521

3,858

2,696

3,459

1,572

1,519

2,133

2,286

888

21,971

774

1,960

730

Change in foreign currency translation adjustment

-158

217

-309

106

-137

-106

-47

76

108

-

115

197

-

-

-

107

-92

-

-

-

-

-

-

-

-

-

-

-

-

Change in net unrealized gains (losses) on foreign currency hedging

661

-612

-420

-618

84

405

102

723

-249

-125

-196

-300

54

74

10

63

-92

-

-

-

-

-

-

-

-

-

-

-

-

Less: reclassification adjustment for net (gains) losses included in net income

-12

-76

-338

-282

-176

292

354

103

-172

-149

-305

-49

57

-

-2

-44

-

-

-

-

-

-

-

-

-

-

-

-

-

Total net change in unrealized gains (losses) on foreign currency hedging

673

-536

-82

-336

260

113

-252

620

-77

24

109

-251

-3

-

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in net unrealized gains (losses) on marketable securities

-6

-12

-18

23

13

14

3

19

-19

-6

13

-6

64

-75

-4

9

11

-

-

-

-

-

-

-

-

-

-

-

-

Total other comprehensive income, net of tax

509

-331

-409

-207

136

21

-296

715

12

69

237

-60

61

-41

8

116

-81

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

-1,080

-1,706

6,454

9,953

5,438

10,066

16,136

15,325

10,770

-537

7,575

8,278

5,993

5,219

5,254

7,608

2,440

3,821

2,696

3,459

1,572

-

-

-

-

-

-

-

-

Less deemed dividend on redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

987

-

1,851

1,785

1,723

Net income (loss) before preferred rights dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

175

-

Less preferred rights dividend on redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

175

-

Net income (loss) attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-99

-

-1,077

175

-993

Basic net income (loss) per share attributable to common stockholders (Note 7)

-0.07

-0.06

0.31

0.47

0.24

0.47

0.77

0.69

0.51

-0.02

0.35

0.40

0.29

0.25

0.26

0.38

0.13

0.20

0.14

0.18

0.08

0.09

0.12

0.13

-0.01

7.64

-3.90

0.67

-3.65

Diluted net income (loss) per share attributable to common stockholders (Note 7)

-0.07

-0.06

0.31

0.45

0.24

0.44

0.73

0.65

0.48

-0.02

0.33

0.38

0.27

0.24

0.25

0.36

0.12

0.18

0.13

0.17

0.08

0.09

0.11

0.11

-0.01

7.56

-3.90

0.67

-3.65

Weighted-average number of shares used in calculating net income (loss) per share attributable to common stockholders:
Basic common shares

21,916

21,878

21,840

21,815

21,750

21,544

21,324

21,172

21,026

20,869

20,753

20,622

20,489

20,310

20,157

19,972

19,827

19,689

19,428

19,310

19,167

18,804

18,286

18,201

9,437

282

276

274

272

Diluted common shares

21,916

21,878

22,191

22,359

22,534

22,600

22,659

22,503

22,295

22,165

21,998

21,848

21,579

21,363

21,182

20,997

20,840

20,814

20,783

20,672

20,562

22,352

20,213

20,146

9,437

7,209

276

274

272