Why InMode Shares Are Trading Higher Today

InMode Ltd. (NASDAQ:INMD) shares are trading higher on Wednesday after the company issued Q1 guidance.

According to the guidance, InMode expects Q1 revenue of $105.7 million - $105.9 million, non-GAAP EPS of $0.50 - $0.51, and non-GAAP gross margin to be between 83% and 85%.

Members of InMode's management team are planning to hold a conference call on Tuesday, May 2, at 8:30 a.m to discuss the company's financial results for the first quarter of 2023.

InMode is a leading global provider of innovative medical technologies.

INMD Price Action: InMode has a 52-week high of 41.84 and a 52-week low of $20.6.

InMode shares are up 8.09% at $37.94 at the time of writing, according to Benzinga Pro.