Major Success for NVC Alumni Inogen

Goleta-based Inogen, an oxygen concentrator company, reported a $5.9 million profit for the first quarter of 2017, up from $2.5 million in the first quarter of 2016, according to an earnings report from May 9th.

The company reported $52.5 million in revenue, up 22.1 percent from the same period in 2016. Sales revenue was at $46 million, up 40.1 percent.

The company sold a total of 25,600 units, an increase of 8,600.

By Joshua Molina, Writer, Pacific Coast Business Times