NEW YORK, NY / ACCESSWIRE / December 7, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of InMode Ltd. ("InMode" or "the Company") (NASDAQ:INMD). Investors who purchased InMode securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/inmd.
The investigation concerns whether InMode has violated federal securities laws.
Investigation Details:
On December 6, 2023, InMode issued a press release "announc[ing] . . . that it is revising its full-year 2023 guidance", citing "stronger-than-expected headwinds from the current macroeconomic environment, resulting in a slowdown in platform sales, mainly in North America." Specifically, InMode stated that it expects "Revenue for the full year 2023 to be in the range of $485 million to $495 million, as compared to the prior estimated range of $500 million to $510 million"; "Non-GAAP gross margin for the third quarter of 2023 to remain in the range of 83% to 85%"; "Non-GAAP income from operations to be in the range of $214 million to $218 million, as compared to the prior estimated range of $220 million to $225 million"; and "Non-GAAP earnings per diluted share for the full year 2023 to be in the range of $2.47 to $2.50, as compared to the prior estimated range of $2.53 to $2.57." On this news, InMode's stock price fell sharply during intraday trading on December 6, 2023.
What's Next?
If you are aware of any facts relating to this investigation or purchased InMode securities, you can assist this investigation by visiting the firm's site: bgandg.com/inmd. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC