The company focused on cosmetic procedure technologies reported $133.6M in revenue and $66.4M in non-GAAP net income for the quarter with~21% YoY and ~20% YoY growth, beating analyst estimates.
Revenue for the full year reached $454.3M indicating ~27% YoY growth driven by demand for our minimally invasive platforms, while international revenue climbed ~29% YoY.
“We are happy to report another record revenue year and continuously high profitable growth as we scale globally and reach a yearly revenue run rate nearing $500 million,” Chief Executive Moshe Mizrahy remarked.
Read: Seeking Alpha contributor issued a Hold rating for InMode (INMD) ahead of earnings, expecting the company to record $434M in revenue for 2023.