Latest news with #TimHerbert
Bloomberg
18-05-2025
- Business
- Bloomberg
Inspire Medical CEO on Improving Patient Outcomes
Tim Herbert, Founder, Chairman, President and CEO of publicly traded Inspire Medical Systems, discusses the company's breakthrough technology that helps people suffering from obstructive sleep apnea, as well as the company's strong quarterly earnings amid headwinds facing the broader health care industry. Tim speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily. (Source: Bloomberg)
Yahoo
05-05-2025
- Business
- Yahoo
Inspire Medical Systems's (NYSE:INSP) Q1: Strong Sales, Stock Soars
Medical technology company Inspire Medical Systems (NYSE:INSP) announced better-than-expected revenue in Q1 CY2025, with sales up 22.7% year on year to $201.3 million. The company expects the full year's revenue to be around $947.5 million, close to analysts' estimates. Its GAAP profit of $0.10 per share was significantly above analysts' consensus estimates. Is now the time to buy Inspire Medical Systems? Find out in our full research report. Revenue: $201.3 million vs analyst estimates of $195.2 million (22.7% year-on-year growth, 3.1% beat) EPS (GAAP): $0.10 vs analyst estimates of -$0.24 (beat) Adjusted EBITDA: $33.19 million vs analyst estimates of $16.51 million (16.5% margin, significant beat) The company reconfirmed its revenue guidance for the full year of $947.5 million at the midpoint EPS (GAAP) guidance for the full year is $2.25 at the midpoint, beating analyst estimates by 4.1% Operating Margin: -0.7%, up from -9.3% in the same quarter last year Market Capitalization: $4.76 billion 'We are very proud of our performance in the first quarter which included strong revenue growth and continued progress on profitability. We achieved a tremendous milestone with over 100,000 patients receiving Inspire therapy and we are still just getting started in growing awareness and adoption,' said Tim Herbert, Chairman and CEO of Inspire Medical Systems. Offering an alternative for the millions who struggle with traditional CPAP machines, Inspire Medical Systems (NYSE:INSP) develops and sells an implantable neurostimulation device that treats obstructive sleep apnea by stimulating nerves to keep airways open during sleep. Reviewing a company's long-term sales performance reveals insights into its quality. Any business can have short-term success, but a top-tier one grows for years. Over the last five years, Inspire Medical Systems grew its sales at an incredible 57.3% compounded annual growth rate. Its growth surpassed the average healthcare company and shows its offerings resonate with customers, a great starting point for our analysis. Long-term growth is the most important, but within healthcare, a half-decade historical view may miss new innovations or demand cycles. Inspire Medical Systems's annualized revenue growth of 34.2% over the last two years is below its five-year trend, but we still think the results suggest healthy demand. This quarter, Inspire Medical Systems reported robust year-on-year revenue growth of 22.7%, and its $201.3 million of revenue topped Wall Street estimates by 3.1%. Looking ahead, sell-side analysts expect revenue to grow 18.2% over the next 12 months, a deceleration versus the last two years. Still, this projection is admirable and implies the market is forecasting success for its products and services. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Although Inspire Medical Systems broke even this quarter from an operational perspective, it's generally struggled over a longer time period. Its expensive cost structure has contributed to an average operating margin of negative 5.6% over the last five years. Unprofitable healthcare companies require extra attention because they could get caught swimming naked when the tide goes out. On the plus side, Inspire Medical Systems's operating margin rose by 47.2 percentage points over the last five years, as its sales growth gave it operating leverage. Zooming in on its more recent performance, we can see the company's trajectory is intact as its margin has also increased by 16.9 percentage points on a two-year basis. These data points are very encouraging and shows momentum is on its side. In Q1, Inspire Medical Systems generated a negative 0.7% operating margin. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Inspire Medical Systems's full-year EPS flipped from negative to positive over the last five years. This is a good sign and shows it's at an inflection point. In Q1, Inspire Medical Systems reported EPS at $0.10, up from negative $0.34 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Inspire Medical Systems's full-year EPS of $2.17 to grow 26.7%. We liked that Inspire Medical Systems beat across the board, exceeding analysts' revenue, adjusted EBITDA, and EPS expectations this quarter. Its full-year EPS guidance outperformed Wall Street's estimates, as the company maintained its outlook from the previously-provided one. Zooming out, we think this quarter featured some important positives. The stock traded up 6.8% to $170 immediately after reporting. Indeed, Inspire Medical Systems had a rock-solid quarterly earnings result, but is this stock a good investment here? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
Associated Press
02-05-2025
- Business
- Associated Press
Turmoil weighs on tech jobs market, CompTIA reporting confirms
Tech hiring intent remains stable at 203,000 new job listings DOWNERS GROVE, Ill., May 2, 2025 /PRNewswire/ -- Tech hiring activity in April felt the weight of ongoing economic uncertainties and mixed market signals, CompTIA, the leading global provider of vendor-neutral information technology (IT) training and certification products, reported today. Tech sector companies reduced staffing by a net 7,000 positions in April, analysis of U.S. Bureau of Labor Statistics (BLS) #JobsReport data reveals.1 Hiring gains in the tech services sector were not enough to offset job losses in tech manufacturing, telecommunications and cloud infrastructure. Across the economy, tech occupation employment declined by an estimated 214,000 positions.2 The unemployment rate for tech occupations experienced a corresponding increase, rising to 3.5% from the previously reported rate of 3.1%. Job postings for technology positions declined modestly in April, though employers added nearly 203,000 new listings. In total, there were almost 450,000 active tech job postings last month.3 Software developers and engineers, systems engineers and architects, tech support specialists, cybersecurity engineers and analysts and network engineers and architects were in high demand. Employer hiring for artificial intelligence (AI) positions or those that require AI-related skills continue to increase. New job postings for April stand at 55,726, an increase of 184% over the same month a year ago, according to CompTIA analysis of Lightcast job posting data. 'It was not a great month of data, but expected given the circumstances,' said Tim Herbert, chief research officer, CompTIA. 'Employer tech job postings continue to hold up, so a possible sign that hiring will resume as companies find their bearings.' Employers continue to pursue skills-based hiring strategies. About one-half of all April tech job postings did not specify a need for a four-year academic degree. On a geographic basis, California led all states with 26,280 tech jobs postings in April, an increase of 1,037 from March. Texas, Virginia and New York followed with the most postings among states, while Arizona, West Virginia and Maryland had the biggest month over month increases on a percentage basis. Nine metropolitan areas each had more than 5,000 tech job postings in April, with New York City (12,526), Washington, D.C. (11,945) and Dallas (9,789) at the top of the list. Metro markets with double digit increases in job postings from March to April included San Francisco (+14%), Phoenix (+11%) and Trenton (+16%). The 'CompTIA Tech Jobs Report' is available here. About CompTIA CompTIA Inc. is the leading global provider of vendor-neutral information technology (IT) training and certification products. CompTIA unlocks potential in millions of aspiring technology professionals and careers changers. Working in partnership with thousands of academic institutions and training providers, CompTIA helps students build career-ready skills through best-in-class learning solutions, industry-recognized certifications and career resources. Learn more at Media Contact Steven Ostrowski CompTIA [email protected] +1.630.678.8468 1 Labor market data from the U.S. Bureau of Labor Statistics and employer job postings from Lightcast may be subject to backward revisions. 2 Monthly occupation level data from the U.S. Bureau of Labor Statistics tends to experience higher levels of variance and volatility. 3 Active job postings include new postings added by employers in the latest month and open postings carried over from previous months. View original content to download multimedia: SOURCE CompTIA
Associated Press
04-04-2025
- Business
- Associated Press
Uncertainties dampen tech hiring activity, CompTIA reports
Tech employment slides for the month; future hiring intent holds steady DOWNERS GROVE, Ill., April 4, 2025 /PRNewswire/ -- Key measurements of tech hiring activity delivered conflicting signals in March as uncertainty factors accelerated, CompTIA, the leading global provider of vendor-neutral information technology (IT) training and certification products, reported today. Employment by tech sector companies declined by a net 8,428 positions in March, analysis of U.S. Bureau of Labor Statistics (BLS) #JobsReport data reveals.1 Staffing reductions in the tech services and telecommunications occupation categories accounted for the majority of job losses. Across all industry sectors, tech employment declined by an estimated 29,000.2 The tech unemployment rate fell slightly to 3.1%, compared to the national rate of 4.2% for March. New employee job postings for tech occupations increased slightly to more than 213,000. In all, there were nearly 478,000 active tech job postings last month.3 Industry sectors adding the largest numbers of new tech job postings included professional, scientific and technical services (52,526), administrative and support services (26,099) and manufacturing (21,975). 'With many employers in wait-and-see mode, the jobs data is about in line with expectations for the month,' said Tim Herbert, chief research officer, CompTIA. Software developers and engineers, tech support specialists, systems engineers and architects and cybersecurity engineers and analysts were in highest demand. Positions in artificial intelligence (AI) or that require AI skills accounted for 21% of all active tech job postings. One-half of all tech job postings did not specify a need for a four-year academic degree. California, North Carolina and Washington recorded the best month over month gains in tech job postings among the states. At the metro market level, Seattle, San Francisco and San Jose led metropolitan markets in month over month growth, while New York City, Washington and Dallas had the highest numbers of postings. The 'CompTIA Tech Jobs Report' is available here. About CompTIA CompTIA Inc. is the leading global provider of vendor-neutral information technology (IT) training and certification products. CompTIA unlocks potential in millions of aspiring technology professionals and careers changers. Working in partnership with thousands of academic institutions and training providers, CompTIA helps students build career-ready skills through best-in-class learning solutions, industry-recognized certifications and career resources. Learn more at Media Contact Steven Ostrowski +1.630.678.8468 1 Labor market data from the U.S. Bureau of Labor Statistics and employer job postings from Lightcast may be subject to backward revisions. 2 Monthly occupation level data from the U.S. Bureau of Labor Statistics tends to experience higher levels of variance and volatility. 3 Active job postings include new postings added by employers in the latest month and open postings carried over from previous months.
