Q1 2025 Inmode Ltd Earnings Call Transcript
Key Points
- InMode Ltd (INMD) maintained a strong balance sheet with cash and cash equivalents totaling $512.9 million as of March 31, 2025.
- The company completed its fifth share purchase program, returning over $412 million to shareholders in the past 12 months.
- InMode Ltd (INMD) plans to unveil a new platform designed for the wellness market, expanding its product portfolio.
- International sales accounted for 49% of total sales in Q1 2025, with Europe reaching record sales numbers.
- The company remains committed to its workforce and strategic investments, avoiding layoffs despite economic challenges.
- Total revenue for Q1 2025 decreased by 3% compared to the same quarter last year, reflecting ongoing macroeconomic challenges.
- Gross margins declined slightly, with GAAP gross margin at 78% compared to 80% in Q1 2024.
- The US market experienced significant headwinds, with its revenue share dropping to 50% from the usual 62%-63%.
- GAAP operating margin decreased to 20% from 23% in Q1 2024, and non-GAAP operating margin fell to 23% from 27%.
- The company anticipates a 4% to 5% reduction in operating margins due to continued pressure in the US market and international revenue growth.
Good day and welcome to Inmode's first quarter 2025 earnings results conference call. All participants will be in listen-only mode. (Operator Instructions)Please note this event is being recorded. I would now like to turn the conference over to Miri Segal, CEO of MSIR. Please go ahead.
Thank you operator and to everyone for joining us today. Welcome to Inmode 's first quarter 2025 earnings call. Before we begin, I would like to remind our listeners that certain information provided on this call may contain forward-looking statements, and the safe harbour statement outlined in today's earnings release also pertains to this call.
If you have not received a copy of the release, please go to the investor relations section of the company's website, changes in business competitive technological, regulatory, and other factors could cause actual results to differ materially from these expressed by the forward-looking statements made today.
Our historical results are not necessarily indicative of future
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