Inspire Medical Systems, Inc. (NYSE:INSP): Is breakeven close?

I feel that now is a very good time to analyze Inspire Medical Systems, Inc. (NYSE:INSP) It looks like the company is on track to achieve some pretty good results. Inspire Medical Systems, Inc., a medical technology company, is focused on developing and commercializing minimally invasive solutions for patients with obstructive sleep apnea (OSA) in the United States and around the world. As of December 31, 2023, the company, with a market capitalization of USD 5.4 billion, posted a loss of USD 21 million in its most recent fiscal year. Path to profitability is a concern of Inspire Medical Systems investors, so we decided to gauge market sentiment. This article looks at the company’s growth expectations and when analysts expect it to become profitable.

Check out our latest analysis for Inspire Medical Systems.

Fifteen US medical device analysts agree that Inspire Medical Systems has reached breakeven. They predict that the company will incur a final loss in his 2024, but in 2025 he will be in the black of US$25 million. Therefore, the company is expected to break even in just over a year from today. We calculated the rate at which the company would have to grow year over year to achieve this breakeven point. The average annual growth rate is expected to be 51%, indicating high confidence from analysts. If your business is growing slowly, you’ll start seeing profits later than expected.

As this is a high-level overview, we will not discuss company-specific developments for Inspire Medical Systems, but note that high growth rates are generally not unusual, especially if a company has a high growth rate. please. Investment period.

Before wrapping up, there is one aspect worth mentioning. Inspire Medical Systems currently has no debt on its balance sheet, which is unusual for loss-making growth companies that typically carry more debt than equity. The company currently operates purely on shareholder funds and has no debt obligations, reducing repayment concerns and making the investment less risky.

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There are too many aspects of Inspire Medical Systems to cover in one short article, but all the important fundamentals of the company can be found in one place: Inspire Medical Systems’ company page on Simply Wall St. Important factors that need further investigation:

1. evaluation: What is Inspire Medical Systems worth today? Is its future growth potential already priced in? The intrinsic value infographic in our free research report shows whether Inspire Medical Systems is currently misplaced in the market. It helps you visualize what is being priced.

2. management team: Having an experienced management team at the helm increases our confidence in the business. View the biographies of Inspire Medical Systems’ board members and CEO.

3. Other strong performing stocks: Are there other stocks with a proven track record that offer a better outlook? See our free list of these great stocks here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.