GOLETA, Calif. (AP) — GOLETA, Calif. (AP) — Inogen Inc. (INGN) on Tuesday reported a loss of $14.6 million in its first quarter.
On a per-share basis, the Goleta, California-based company said it had a loss of 62 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 76 cents per share.
The produces oxygen concentrators for patients suffering from chronic respiratory conditions posted revenue of $78 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $73.3 million.
For the current quarter ending in June, Inogen said it expects revenue in the range of $81 million to $84 million.
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