Inari Medical Inc (NARI)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Net income (ttm)	US$ in thousands	-1,636	-2,769	-16,084	-28,356	-29,267	-22,362	-15,013	-758	9,840	15,718	25,018	17,146
Revenue (ttm)	US$ in thousands	493,364	469,933	439,579	413,142	382,874	346,212	335,938	306,140	276,785	257,782	209,685	171,036
Net profit margin		-0.33%	-0.59%	-3.66%	-6.86%	-7.64%	-6.46%	-4.47%	-0.25%	3.56%	6.10%	11.93%	10.02%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-1,636K ÷ $493,364K
= -0.33%

In analyzing Inari Medical Inc's net profit margin over the past eight quarters, a clear trend emerges. The net profit margin has shown a consistent improvement from Q1 2022 to Q4 2023.

Starting at a low of -7.63% in Q4 2022, the net profit margin gradually improved quarter by quarter, reaching a positive territory of -0.33% in Q4 2023. This improvement indicates that the company's profitability has been increasing over time, with the most significant gains realized in the most recent quarters.

It is important to note that even though the net profit margin is still negative in Q4 2023, the upward trend suggests that Inari Medical Inc has been effectively managing its costs and increasing its revenues. The company's efforts in driving efficiency and profitability seem to be paying off, as evidenced by the positive trajectory of the net profit margin.

Overall, this trend signifies a positive outlook for Inari Medical Inc's financial performance, with a clear indication of improving profitability and potential for sustained growth in the future.