After a falling IPO, InMode Inc.s fortunes reversed when Paula Abdul signed on as brand ambassador and debut quarterly results were impressive.
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InMode Soars after Paula Abdul Is Named Their Brand Ambassador
1. InMode Soars after
Paula Abdul Is
Named Their Brand
Ambassador
After a falling IPO, InMode Inc.s fortunes reversed when Paula Abdul signed
on as brand ambassador and debut quarterly results were impressive.
128 Central Park South
New York, NY 10019
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Soon after the announcement that International Pop Icon Paula Abdul had
agreed to join InMode Ltd. as their brand ambassador to share her positive
experience with the Companys innovative technologies, the medical
technology companys fortunes have reversed. As reported by Bloomberg,
the stocks of InMode, the global provider of inventive medical technologies,
surged on August 14, 2019 after naming Paula Abdul as a brand ambassador
for its alternatives to cosmetic surgery, and strong second-quarter results.
The shares of Inmode rose 25% even as the broader stock market dropped.
Inmode came public market only recently in a $14 IPO.
InMode: Newly-Public Skin Treatment Firm
InMode Ltd., a leading global provider of innovative, energy-based solutions
offers cutting edge medical devices for minimally-invasive and non-invasive
procedures that provide amazing results for the patient and the practice.
InModes technological advancements began over two decades ago with
state-of-the-art light, laser, and radiofrequency devices invented by leading
doctors and scientists, who essentially launched and shaped the industry.
Their technology continues that legacy to provide superior satisfaction for
both the patient and the practice.
InMode Reports Second Quarter 2019 Financial Results and Pop Icon
Paula Abdul as Their Brand Ambassador
As reported by Streetwise Reports, InMode Ltd that completed an IPO (Initial
Public Stock Offering) just a few days ago, reported their second quarter
earnings for the period ending June 30, 2019. In a separate release, InMode
also announced the appointment of pop icon Paula Abdul as a brand
ambassador. This attracted a lot of public attention. The company reported
record revenue of $38.8 million in the second quarter of 2019, which was an
increase of 55% over 2018 2nd
quarter. Apart from noticeable improvements
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in gross margins and operating margins, the company reported their net
income of $15.8 billion or $0.45 per diluted share in the second quarter of
2019, compared to $7.6 million or $0.21 per diluted share in Q2/18.
Excluding the $70 million proceeds raised in InModes IPO, the company
reported a total cash position of $82.8 million including cash, cash
equivalents, marketable securities and deposits. The firms CEO and
chairman Moshe Mizrahy said that they were pleased with their second
quarter results that are consistent with both their report expectations and
the positive trends they were continuing to see in their business.
InMode is a leading global provider of innovative medical technologies. The
company develops, manufactures, and markets medical devices harnessing
the power of radiofrequency technology. Their products are available across
several categories for plastic surgery, dermatology, gynecology,
otolaryngology, and ophthalmology. These products and solutions are
designed primarily to address three energy-based treatment categories
face and body contouring, womens health, and medical aesthetics.
InModes collaboration with pop icon Paula Abdul will definitely prove
beneficial to the company. An international celebrity, Paula Abdul has made
her mark in the entertainment industry as an award-winning dancer and
choreographer, singer, actress, television personality with six number-one
singles on the Billboard Hot 100, Emmy and Grammy awards along with
many other honors. She is happy to be InModes brand ambassador because
she experienced positive results with the companys BodyTite system for
her arms, and FaceTite and Morpheus8 hand pieces for her lower face, jaw
line and neck. She wants to get the word out about the excellent results
InModes amazing technology in face and body contouring can achieve. The
treatment enabled her to restore a sleeker, more youthful look without
invasive surgery.
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InModes minimally invasive BodyTite/FaceTite technology removes fat and
contracts skin under local anesthesia. The treatment does not leave any
visible scarring; downtime is minimal, and the treatment is less costly than
traditional surgical procedures. Results are observed immediately and you
experience continued improvement up to 12 months later.
Plastic surgeon Spero Theodorou MD of bodySCULPT in NYC, who is also
InModes Chief Medical Officer, said that Paula was an excellent candidate for
InModes innovative technology using Radio-Frequency (RF) to provide a
natural tighter appearance. She exercised regularly, was healthy but had
some areas that troubled her due to past injuries and the effects of aging.
InModes BodyTite system proved the ideal option to sculpt and remodel
Paulas arms while the FaceTite and Morpheus8 handpieces addressed her
lower face, jawline and neck.
Positive reviews and the dynamic presence of Paula Abdul could lift InModes
shares even higher. Shakil Lakhani, President of InMode North America, said
they were thrilled to announce a strong and powerful woman like Paula
representing their brand. She had an ageless presence and embodied
InModes commitment to enhance beauty and well-being. InModes
collaboration with Paula Abdul will ensure a greater audience is aware of the
benefits of InModes technology on a national and global level. On her part,
Paula Abdul wants to bring her renewed feeling of confidence and self-
assurance to others who want the same benefits.