INMD -1.05 to 18.74, it was a disappointing quarter, but I think the stock has a decent chance for a rebound over the long term. I'm holding but writing covered calls against my entire position. Partly the weakness is due to product transition -
PR -
It is important to highlight that 2024 is the initial launch year for InMode's new platforms. Consequently, there is a transition phase involving pre-orders that may not be fully represented in the quarterly results. This transition period may span a couple of quarters until all sold platforms are comprised of the new platforms.
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