Inogen Inc.’s stock value plummeted after its most recent earnings call where the company’s CEO seemed to acknowledge it did not trust its own research firm that gave it a glowing market report and prospective analysis. However, the company is still sticking by some of the projections it predicted last year, despite concerns it will not be able to meet its long-term profit goals.
Inogen's Stock Collapses After Earnings Call Addressing Short-Seller Concerns
Inogen acknowledged data from its previous research firm were inaccurate on its latest investor call. A short seller recently called out Inogen for what it claimed was an overstatement of its market potential and economic projections, and has asked the company to clarify its estimates.
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