Earnings release
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Inspire NEWS RELEASE Ⓡ Inspire Medical Systems , Inc. Announces Third Quarter 2021 Financial Results and Updates 2021 Outlook 11/2/2021 MINNEAPOLIS , Nov. 02 , 2021 ( GLOBE NEWSWIRE ) -- Inspire Medical Systems , Inc. ( NYSE : INSP ) ( " Inspire " ) , a medical technology company focused on the development and commercialization of innovative and minimally invasive solutions for patients with obstructive sleep apnea , today reported financial results for the quarter ended September 30 , 2021 . Recent Business Highlights • Generated revenue of $ 61.7 million in the third quarter of 2021 , a 72 % increase over the same quarter last year • Achieved gross margin of 86.0 % in the third quarter of 2021 , an increase over the 85.5 % reported in the same quarter last year • Activated 68 new centers in the U.S. in the third quarter of 2021 , bringing the total to 603 U.S. medical centers providing Inspire therapy • Created 11 new U.S. sales territories in the third quarter of 2021 , bringing the total to 141 U.S. sales territories " Our team continued to perform extremely well during the third quarter , particularly during the recent resurgence of COVID - 19 driven by the Delta variant , " said Tim Herbert , President and Chief Executive Officer of Inspire Medical Systems . " The significant growth in our business is being driven by increased capacity at new and existing centers , enhanced patient demand for Inspire therapy , our ability to improve patients ' access to care with our Advisor Care Program , and the positive reimbursement environment for Inspire therapy . Based on our strong performance in 1