Inari Medical Plunged 15% After Mixed Q2 Earnings, Lifting FY21 Sales Guidance


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


  • Inari Medical Inc's (NASDAQ:NARIQ2 revenue was $63.5 million, more than doubled from $25.4 million in Q2 FY20, beating the consensus of $59.6 million.
  • The growth was driven by continued U.S. commercial expansion and new product introductions.
  • Gross margin expanded from 86.3% to 92.4%, primarily due to the impact of an idle capacity charge in Q2 FY20 of 2020 of $1.1 million, combined with the current quarter product mix and manufacturing efficiencies.
  • Operating expenses increased to $54.5 million, from $22.5 million, led by higher personnel-related costs.
  • Inari posted Q2 EPS of $0.07, a shift from a $(0.16) loss, but below the estimate of $0.08.
  • Cash, cash equivalents, and short-term investments were $176.1 million.
  • The FDA cleared FlowSaver, enabling bloodless thrombectomy with the use of Triever Catheters.
  • FY21 Guidance: Inari Medical has updated revenue guidance to $250 million - $255 million from the previous guidance of $240 million - $250 million.
  • SVB Leerink maintained the Outperform rating on Inari Medical but lowered the price target to $110 from $126.
  • Price Action: NARI shares closed down 15.53% at $71.10 on Wednesday.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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Posted In: EarningsNewsGuidanceHealth CarePrice TargetReiterationAnalyst RatingsMoversTrading IdeasGeneralBriefs