GOLETA, Calif. (AP) — GOLETA, Calif. (AP) — Inogen Inc. (INGN) on Tuesday reported a loss of $5.6 million in its second quarter.
The Goleta, California-based company said it had a loss of 24 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 54 cents per share.
The produces oxygen concentrators for patients suffering from chronic respiratory conditions posted revenue of $88.8 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $82.3 million.
Inogen expects full-year revenue in the range of $325 million to $330 million.
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