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Inspire Medical Systems, Inc. is focused on delivering a breakthrough treatment for people with obstructive sleep apnea (OSA). The Company developed the world’s first fully implanted neurostimulation device approved by the FDA for the treatment of OSA. The Inspire system uses well-established neurostimulation technologies and incorporates a proprietary algorithm that stimulates key airway muscles based on a patient’s unique breathing patterns. Its therapy is designed to reduce OSA severity and improve a quality of life for patients living with this challenging condition.

TypePublic
Founded2007
HQMinneapolis, MN, US
Websiteinspiresleep.com

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Employees (est.) (May 2018)125
Revenue (FY, 2020)$115.4 M(+41%)
Share Price (Jun 2021)$183.1(+7%)
Cybersecurity ratingBMore

Key People/Management at Inspire Medical Systems

Tim Herbert

Tim Herbert

President & Chief Executive Officer
Randy Ban

Randy Ban

Chief Commercial Officer
Ivan Lubogo

Ivan Lubogo

Senior Vice President, U.S. Sales
Andreas Henke

Andreas Henke

Senior Vice President, European Operations
Steve Jandrich

Steve Jandrich

Vice President, Human Resources and Chief Compliance Officer
Martin Abrams

Martin Abrams

Vice President of Marketing & Customer Experience
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Inspire Medical Systems Office Locations

Inspire Medical Systems has an office in Minneapolis
Minneapolis, MN, US (HQ)
5500 Wayzata Blvd #1600
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Inspire Medical Systems Financials and Metrics

Inspire Medical Systems Revenue

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Inspire Medical Systems's revenue was reported to be $115.38 m in FY, 2020
USD

Revenue (Q1, 2021)

40.4m

Gross profit (Q1, 2021)

34.4m

Gross profit margin (Q1, 2021), %

85.2%

Net income (Q1, 2021)

(16.2m)

EBIT (Q1, 2021)

(15.7m)

Market capitalization (11-Jun-2021)

5.1b

Closing stock price (11-Jun-2021)

183.1

Cash (31-Mar-2021)

182.3m

EV

5.0b
Inspire Medical Systems's current market capitalization is $5.1 b.
Annual
USDFY, 2019FY, 2020

Revenue

82.1m115.4m

Cost of goods sold

13.6m17.6m

Gross profit

68.4m97.8m

Gross profit Margin, %

83%85%
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

10.0m10.9m13.1m16.3m18.0m20.9m21.3m12.2m35.8m40.4m

Cost of goods sold

2.3m2.1m2.5m2.9m3.1m3.5m3.3m2.0m5.2m6.0m

Gross profit

7.7m8.8m10.6m13.4m14.9m17.4m18.1m10.2m30.6m34.4m

Gross profit Margin, %

77%81%81%82%83%83%85%84%85%85%
Annual
USDFY, 2019FY, 2020

Cash

22.9m190.5m

Accounts Receivable

13.1m25.1m

Prepaid Expenses

2.2m2.0m

Inventories

5.8m8.5m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

11.1m121.9m26.3m101.9m51.3m48.0m76.1m211.2m178.7m182.3m

Accounts Receivable

3.5m4.5m5.4m7.0m9.5m11.0m11.0m10.2m21.1m21.6m

Prepaid Expenses

2.2m1.0m1.0m1.4m5.6m3.2m1.4m4.3m2.2m1.6m

Inventories

3.4m3.5m3.1m3.1m3.6m4.7m7.2m10.0m9.0m11.4m
Annual
USDFY, 2019FY, 2020

Net Income

(33.2m)(57.2m)

Depreciation and Amortization

495.0k840.0k

Inventories

(3.2m)(2.6m)

Accounts Payable

1.0m2.0m
USDQ1, 2018

Revenue/Employee

83.5k

Financial Leverage

-5.6 x
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Inspire Medical Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Inspire Medical Systems Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Inspire Medical Systems Online and Social Media Presence

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Inspire Medical Systems Company Culture

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

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Inspire Medical Systems Blogs

Upper Airway Stimulation Response in Older Adults with Moderate to Severe Obstructive Sleep Apnea

Kirk Withrow, MD, Sean Evans, MD, John Harwick, MD, Patrick Strollo, MD Link to Publication The post Upper Airway Stimulation Response in Older Adults with Moderate to Severe Obstructive Sleep Apnea appeared first on Inspire Sleep.

Pacemaker-like device use to cure sleep apnea

Theresa was in bad shape… her severe obstructive sleep apnea made her “feel like she was dying”.  CPAP didn’t work for her, and then she found Inspire.  As the first patient in Salt Lake City to have Inspire, Theresa is “excited about her life again”. Click here to hear more from Theresa and her doc…

BI

The post BI appeared first on Inspire Sleep.

Protected:

There is no excerpt because this is a protected post. The post Protected: appeared first on Inspire Sleep.

Post-Approval Upper Airway Stimulation Predictors of Treatment Efficacy in the Adhere Registry

Clemens Heiser, Armin Steffen, Maurits Boon, et al. Link to Publication     The post Post-Approval Upper Airway Stimulation Predictors of Treatment Efficacy in the Adhere Registry appeared first on Inspire Sleep.

From Sleepless Nights to a Widowmaker Heart Attack

Each night before Gerald Griffin fell asleep, he’d wonder if he would stop breathing and never wake up. He eventually suffered a severe heart attack and knew he needed to find a treatment for his sleep apnea. In February 2018, Gerald starting using Inspire therapy. Now, he feels like a different per…

Inspire Medical Systems Frequently Asked Questions

  • When was Inspire Medical Systems founded?

    Inspire Medical Systems was founded in 2007.

  • Who are Inspire Medical Systems key executives?

    Inspire Medical Systems's key executives are Tim Herbert, Randy Ban and Ivan Lubogo.

  • How many employees does Inspire Medical Systems have?

    Inspire Medical Systems has 125 employees.

  • What is Inspire Medical Systems revenue?

    Latest Inspire Medical Systems annual revenue is $115.4 m.

  • What is Inspire Medical Systems revenue per employee?

    Latest Inspire Medical Systems revenue per employee is $923 k.

  • Who are Inspire Medical Systems competitors?

    Competitors of Inspire Medical Systems include Gastro Health, SetPoint Medical and Restorative Therapies.

  • Where is Inspire Medical Systems headquarters?

    Inspire Medical Systems headquarters is located at 5500 Wayzata Blvd #1600, Minneapolis.

  • Where are Inspire Medical Systems offices?

    Inspire Medical Systems has an office in Minneapolis.

  • How many offices does Inspire Medical Systems have?

    Inspire Medical Systems has 1 office.