Financial PerformanceINMD reported 4Q preliminary sales of $97-$97.5MM, which is a 23% decrease year-over-year and below the consensus of $114MM, indicating more severe macroeconomic challenges than previously expected.
Management And StrategyManagement credibility needs to be rebuilt after several consecutive quarters of misses and guidance revisions.
Market ConditionsHigher interest rates have made the capital equipment market more challenging since 4Q'23, as leasing and financing costs have increased, impacting the company's sales.