Financial Data and Key Metrics Changes - InMode reported record revenue of $47 million for Q4 2019, a 63% increase from Q4 2018, driven by the success of minimally invasive RF technology and new hands-free platforms [14][15] - For the full year 2019, total revenue reached $156.4 million, a 56% increase from 2018, with net profit growing to $61.1 million, a 173% increase [15][28] - GAAP diluted earnings per share for Q4 2019 were $0.46 compared to a net loss of $0.01 per diluted share in Q4 2018, while non-GAAP earnings per share increased by 109% to $0.46 [26][29] Business Line Data and Key Metrics Changes - The company categorized its revenue into three segments: minimally invasive and ablative, hands-free, and traditional laser/non-invasive RF platforms [17] - In 2019, minimally invasive and ablative products generated approximately $89 million, while hands-free products contributed around $12 million [35] - The hands-free segment is expected to grow significantly, with projections indicating it could account for 25% of revenue in 2020 [48] Market Data and Key Metrics Changes - International revenue grew 71% year-over-year, indicating strong global demand for InMode's products [15][23] - The installed base reached approximately 4,900 platforms worldwide, with about 2,800 in the U.S. [14][15] Company Strategy and Development Direction - InMode aims to position itself as a leading innovative aesthetic company by focusing on two main growth engines: minimally invasive and subdermal ablative aesthetic surgery, and hands-free aesthetic procedures [12][13] - The company is expanding its international presence with new subsidiaries in India and Australia, and has received regulatory clearances in several countries [13][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued growth in 2020, projecting revenue between $190 million and $198 million, with a gross margin of 85% to 87% [16][19] - The impact of the coronavirus is expected to be minimal on revenue, but there may be challenges in manufacturing due to component sourcing from China [20][21] Other Important Information - The company celebrated its 10-year anniversary and its first full year as a public company in 2019 [7][8] - InMode's cash and cash equivalents totaled $193.4 million as of December 31, 2019, providing a strong financial position for future growth [26] Q&A Session Summary Question: What percentage of revenue do you expect from each of the new product categories in 2019? - Management indicated that minimally invasive and ablative products accounted for around $24 million, hands-free devices for about $9 million, and traditional laser products for $1 million in Q4 2019 [35][36] Question: How is customer feedback for the new hands-free devices? - Initial feedback has been positive, and management believes the potential for hands-free technology is higher than for minimally invasive products due to a broader market [41][42] Question: What are the expected contributions from the three product categories in 2020? - Management expects 65% to 70% of revenue from minimally invasive and ablative products, 20% to 25% from hands-free products, and 5% to 10% from traditional laser products [48] Question: How is the company addressing potential manufacturing issues due to the coronavirus? - Management is actively seeking alternative suppliers to mitigate risks and ensure production continuity [21][66] Question: What is the current status of the company's subsidiaries in India and Australia? - The Indian subsidiary generated approximately $400,000 in its first full quarter, while the Australian subsidiary has begun operations and sold two systems [70]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 ...

InMode Ltd. (NASDAQ:INMD) Q3 2019 Earnings Conference Call November 5, 2019 9:00 AM ET Company Representatives Moshe Mizrahy - Chief Executive Officer, Chairman Yair Malca - Chief Financial Officer Michael Kreindel - Chief Technology Officer, Director Rafael Lickerman - Vice President, Finance Miri Segal - MS-IR LLC Conference Call Participants Jack Meehan - Barclays Matt Taylor - UBS Kyle Rose - Canaccord Genuity Jeff Johnson - Baird Operator Welcome to the InMode third quarter 2019 earnings conference cal ...