InMode's preliminary Q2 results show continued revenue momentum despite the pending Steel Partners bid.
InMode has reported preliminary Q2 2024 revenue of $95.2–$95.4 million, reflecting steady growth in its core RF and body-contouring device business. The company's consumables-driven model—Morpheus8 tips, handpieces, and service contracts—continues to generate recurring revenue despite competitive pressure and the ongoing acquisition process.
The revenue guidance, announced ahead of the formal earnings call, provides a baseline for evaluating Steel Partners' $16.75-per-share bid. At roughly 1.1x revenue (annualized ~$380 million), the offer reflects typical PE multiples for device companies with predictable, high-margin consumables revenue but also signals confidence in InMode's ability to sustain growth.
InMode's Q2 revenue of $95.2–$95.4 million shows steady growth despite the pending acquisition bid.
For practices, InMode's stability matters: consumable pricing, warranty terms, and software updates depend on ownership structure. A PE takeover could accelerate price increases or bundling strategies, while a competing bid might preserve current terms or trigger strategic alternatives.
Source: original report ↗
Frequently asked questions
What was InMode's Q2 2024 revenue?
InMode reported preliminary Q2 2024 revenue of $95.2–$95.4 million, showing steady growth in its RF and body-contouring device business. This annualizes to approximately $380 million in revenue.
How much is Steel Partners offering to buy InMode for?
Steel Partners' bid values InMode at $16.75 per share, which represents roughly 1.1x annualized revenue—a typical PE multiple for device companies with high-margin consumables revenue.
What happens to Morpheus8 consumable pricing if InMode gets acquired by a PE firm?
A PE takeover could accelerate price increases or bundling strategies for Morpheus8 tips, handpieces, and service contracts. Current consumable pricing, warranty terms, and software updates may change depending on the new ownership structure.
Does InMode's revenue model rely on recurring consumables?
Yes, InMode's consumables-driven model—including Morpheus8 tips, handpieces, and service contracts—generates predictable recurring revenue despite competitive pressure and the ongoing acquisition process.
What should medspa owners know about InMode's acquisition uncertainty?
Practices should monitor the Steel Partners bid outcome, as ownership changes could affect consumable pricing, warranty terms, and software updates. A competing bid or alternative outcome might preserve current terms, while a PE takeover could trigger price increases or new bundling requirements.
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