GOLETA, Calif. (AP) — GOLETA, Calif. (AP) — Inogen Inc. (INGN) on Thursday reported a loss of $56.6 million in its fourth quarter.
On a per-share basis, the Goleta, California-based company said it had a loss of $2.47. Losses, adjusted for non-recurring costs and amortization costs, were 57 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
The produces oxygen concentrators for patients suffering from chronic respiratory conditions posted revenue of $88.1 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $88.6 million.
For the year, the company reported that its loss widened to $83.8 million, or $3.67 per share. Revenue was reported as $377.2 million.
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