Company: INGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029993
Chunk: 56

Company: Inogen Inc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 56
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 0.1
    %

    Total other income, net
     
    $
    6,040

    $
    7,042

    $
    (1,002
    )

    -14.2
    %

    1.8
    %

    2.2
    %

Total other income, net decreased $1.0 million for the year ended December 31, 2024 from the year ended December 31, 2023, a decrease of 14.2%. The decrease was primarily attributable to a decrease of $1.4 million in interest income due to the lower interest rate environment.

 68

Income tax expense (benefit)

    Years ended December 31,

    Change 2024 vs. 2023

    % of Revenue

    (dollar amounts in thousands)
     
    2024

    2023

    $

    %

    2024

    2023

    Income tax expense (benefit)
     
    $
    (588
    )
     
    $
    105

    $
    (693
    )

    -660.0
    %

    -0.2
    %

    0.0
    %

    Effective income tax rate

    1.6
    %

    -0.1
    %

Income tax expense (benefit) decreased $0.7 million for the year ended December 31, 2024 from the year ended December 31, 2023. We continued to record a valuation allowance on the use of deferred tax assets in the current and prior periods. The decrease was attributable to foreign taxes.

Our effective tax rate for the year ended December 31, 2024 increased compared to the year ended December 31, 2023, primarily due to foreign taxes.

Net loss

    Years ended December 31,

    Change 2024 vs. 2023

    % of Revenue

    (dollar amounts in thousands)
     
    2024

    2023

    $

    %

    2024

    2023

    Net loss
     
    $
    (35,888
    )
     
    $
    (102,449
    )
     
    $
    66,561

    65.0
    %

    -10.7
    %

    -32.5
    %

Net loss decreased $66.6 million for the