Inspire Medical Systems Inc (INSP)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	-40,271	-47,592	-39,850	-56,208	-34,897
Revenue	US$ in thousands	624,799	406,179	231,266	113,364	82,050
Operating profit margin		-6.45%	-11.72%	-17.23%	-49.58%	-42.53%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $-40,271K ÷ $624,799K
= -6.45%

The operating profit margin of Inspire Medical Systems Inc has shown an improvement over the past five years. From a low of -49.58% in 2020, the company has steadily decreased its operating losses, with the margin reaching -6.45% in 2023. This indicates that the company has been able to better control its operating expenses relative to its revenue in recent years, leading to a smaller percentage of losses from its operations. Continued efforts to enhance operational efficiency and cost management may have contributed to this positive trend in the operating profit margin.