Inspire(INSP) - 2024 Q4 - Annual Results

Business Expansion - In 2024, Inspire Medical Systems activated 72 new U.S. centers, increasing the total to 1,435 centers[12] - The company created 12 new U.S. sales territories in Q4, bringing the total to 335 territories[12] - Inspire Medical Systems received FDA approval for the Inspire V neurostimulation system and initiated a soft launch with over 40 implants in Singapore and the U.S.[12] Financial Performance - The initial revenue guidance for 2025 is projected to be between $940 million and $955 million[12] - Inspire has treated over 90,000 patients and generated more than $800 million in revenue since its founding in 2007[7] - Inspire's revenue growth was 28% year-over-year, indicating strong market performance[46] Market Opportunity - The domestic obstructive sleep apnea (OSA) market includes approximately 23 million adults with moderate to severe OSA, with 700,000 being CPAP non-compliant and 500,000 eligible for Inspire therapy[22] Product Development - Inspire V is expected to reduce implant time by 20% and improve overall performance with fewer revisions[30] - The Inspire therapy has demonstrated a significant reduction in the severity of OSA, with strong patient adherence reported[38] Corporate Responsibility and Sustainability - Inspire is committed to operating responsibly and reducing environmental impact[50] - Inspire is developing a carbon reduction plan and conducting its first Scope 1, 2, and 3 GHG emissions inventory[52] - Inspire aims to support a net-zero carbon future as part of its sustainability strategy[52] Governance and Employee Development - The governance structure includes oversight of climate-related risks and opportunities by the board and executive officers[52] - Significant investments are made in leadership and professional development programs to enhance employee skills[52] - Inspire focuses on maintaining high standards of accountability and governance practices[52] Workplace Culture - The company emphasizes product safety and quality, fostering an innovative and collaborative work environment[51] - The workforce is encouraged to engage in open communication and robust training initiatives[51] - Inspire seeks to uphold an inclusive workforce with generous benefits and a focus on employee well-being[51]