Inogen announces $30M share repurchase program

Inogen (INGN) announced that its Board of Directors has authorized a share repurchase program for up to $30M of its outstanding common stock. “This authorization reflects our confidence in Inogen’s strategy, progress towards profitability goals, and long-term growth trajectory,” said Kevin Smith, President and Chief Executive Officer. “With a strong, debt-free balance sheet, we view this program as providing additional flexibility to deploy capital to support continued investment in innovation and portfolio expansion while enhancing shareholder value.”