Hi Harsh,
Any idea about the freefall in Inmode, it has declined from 45 level to 35 now despite delivering good results consistently. Few worries I see are-
i- High cash on book, Co. not using it for buyback or dividend
ii- other is they are talking about acquisition, the acquisition may not have same margins as theirs and consolidated margins may fall.
ii- Low spending on RnD – Market is still not able to understand how they make 85% gross margin despite low spending.
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