Inspire: 2Q Earnings Snapshot
GOLDEN VALLEY, Minn. (AP) _ Inspire Medical Systems Inc. (INSP) on Tuesday reported a loss of $7.7 million in its second quarter.
The Golden Valley, Minnesota-based company said it had a loss of 32 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 45 cents per share.
The maker of devices for treating obstructive sleep apnea posted revenue of $18 million in the period.
Inspire expects full-year revenue in the range of $73 million to $75 million.
Inspire shares have climbed 48% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $62.52, a rise of 35% in the last 12 months.