Exhibit 99.1

InMode Reports Record Third Quarter 2021 Financial Results:

Quarterly Revenue of $94.2M, 58% Year-Over-Year Growth;

GAAP Net Income of $44.7M, 87% increase compared to Q3 2020

YOKNEAM, Israel, October 26, 2021, InMode Ltd. (Nasdaq: INMD) (“InMode”), a leading global provider of innovative medical technologies, today announced its consolidated financial results for the third quarter ended September 30, 2021.

Third Quarter 2021 Highlights:

	• Record quarterly revenues of $94.2 million, an increase of 58% compared to the third quarter of 2020: InMode’s proprietary surgical technology platforms engaged in minimally invasive and subdermal ablative treatments represented 73% of quarterly revenues, while 18% came from InMode’s hands-free platforms and 9% from InMode’s traditional laser and non-invasive RF platforms
	• Record GAAP net income of $44.7 million, compared to $23.9 million in the third quarter of 2020; *non-GAAP net income of $47.9 million, compared to $26.6 million in the third quarter of 2020
	• Record GAAP diluted earnings per share⁽¹⁾ of $0.52, compared to $0.28 in the third quarter of 2020; *non-GAAP diluted earnings per share⁽¹⁾ of $0.55, compared to $0.31 in the third quarter of 2020
	• Total cash position of $387.4 million as of September 30, 2021, including cash and cash equivalents, marketable securities, and short-term bank deposits

U.S. GAAP Results (U.S. dollars in thousands, except for per share data)
	Q3 2021	Q3 2020
Revenues	$94,176	$59,714
Gross Margins	85%	84%
Net Income Attributable to InMode Ltd.	$44,718	$23,895
Earnings per Diluted Share⁽¹⁾	$0.52	$0.28
*Non-GAAP Results (U.S. dollars in thousands, except for per share data)
	Q3 2021	Q3 2020
Gross Margins	86%	85%
Net Income Attributable to InMode Ltd.	$47,910	$26,638
Earnings per Diluted Share⁽¹⁾	$0.55	$0.31

*Please refer to “Use of Non-GAAP Financial Measures” below for important information about non-GAAP financial measures. A reconciliation between U.S. GAAP and non-GAAP Statement of Income is provided following the financial statements that are included in this release. Non-GAAP results exclude share-based compensation and related tax adjustments.

(1) The GAAP and non-GAAP earnings per diluted share have been adjusted retroactively for a 1-for-2 stock split of InMode shares by way of an issuance of bonus shares that occurred pursuant to a resolution of our board of directors dated September 14, 2021.

Management Comments

“We are very pleased to announce another quarter of record results, solid growth and success with our latest product launches,” said Moshe Mizrahy, CEO of InMode. “InMode is continuing its global expansion and is examining establishing a new subsidiary in another major European country. During what is normally a slower summer quarter, sales of hands-free devices very nearly matched the prior quarter. And our advancement into the women’s health space was off to a promising start with its inaugural roll-out in the U.S.”

“Early in the third quarter, we delivered two new platforms to the market, EmpowerRF and EvolveX. As we have done so far, we will continue to deliver two new platforms every year to maintain our position in the aesthetic market and expand our business by delivering innovative technologies in new medical applications,” commented Dr. Michael Kreindel, CTO and co-founder of InMode.

“Following the launch of EmpowerRF in the U.S. focused on early adopters, urogynecologists, we are encouraged by the positive feedback that we received so far, and we plan to progress gradually as more and more gynecologists will adopt our unique technology,” said Dr. Spero Theodorou, InMode’s Chief Medical Officer.

“This was another record revenue quarter in the U.S, supported by our renowned education initiatives and continued expansion. Our workshop attendance reached an all-time high, a solid indication of market demand, physicians’ interest, and the trust in our technologies,” stated Shakil Lakhani, President of InMode North America.

Third Quarter 2021 Financial Results

Total revenues for the third quarter of 2021 reached $94.2 million, an increase of 58% compared to the third quarter of 2020. “The increase in revenues was driven by the continued success of our core minimally invasive technology, as well as the gained traction in international markets, with international revenues growing 68% year over year. Patients seeking minimally invasive treatments at unprecedented levels allowed us to maintain the number of disposables sold in comparison to Q2 of 2021, despite seasonal fluctuations traditionally associated with the third quarter. Revenues outside the U.S. represented 34%, with Asia, Europe and Latin America being major contributors to the Company’s growth,” commented Yair Malca, InMode’s Chief Financial Officer.

GAAP gross margin for the third quarter of 2021 was 85% compared to a gross margin of 84% in the third quarter of 2020. *Non-GAAP gross margin for the third quarter of 2021 was 86% and 85% for the third quarter of 2020.

GAAP operating margin for the third quarter of 2021 was 48%, compared to 39% in the third quarter of 2020. *Non-GAAP operating margin for the third quarter of 2021 was 51%, compared to 43% in the third quarter of 2020. This increase is primarily attributable to the company’s accelerated growth.

InMode reported GAAP net income attributable to InMode Ltd. of $44.7 million, or $0.52 per diluted share⁽¹⁾, in the third quarter of 2021, compared to $23.9 million, or $0.28 per diluted share⁽¹⁾, in the third quarter of 2020. On a *non-GAAP basis, InMode reported net income attributable to InMode Ltd of $47.9 million, or $0.55 per diluted share⁽¹⁾, in the third quarter of 2021, compared to $26.6 million, or $0.31 per diluted share⁽¹⁾, in the third quarter of 2020.

2021 Financial Outlook

Management provided an outlook for the full year of 2021, the period ending December 31, 2021. Based on current estimates, management expects:

●	Revenues between $343 million and $347 million

●	*Non-GAAP gross margin between 84% and 86%

●	*Non-GAAP income from operations between $165 million and $167 million

●	*Non-GAAP earnings per diluted share⁽¹⁾ between $1.91 and $1.93

This outlook is not a guarantee of future performance and stockholders should not rely on such forward-looking statements. See “Forward-Looking Statements” for additional information.

(1) The GAAP and non-GAAP earnings per diluted share have been adjusted retroactively for a 1-for-2 stock split of InMode shares by way of an issuance of bonus shares, that occurred pursuant to a resolution of our board of directors dated September 14, 2021.

Use of Non-GAAP Financial Measures

In addition to InMode’s operating results presented in accordance with GAAP, this release includes certain non-GAAP financial measures including non-GAAP net income, non-GAAP earnings per diluted share and non-GAAP operating margin. Because these measures are used in InMode’s internal analysis of financial and operating performance, management believes that they provide greater transparency to investors of management's view of InMode’s economic performance. Management also believes the presentation of these measures, when analyzed in conjunction with InMode’s GAAP operating results, allows investors to more effectively evaluate and compare the performance of InMode to that of its peers, although InMode’s presentation of its non-GAAP measures may not be comparable to other similarly titled measures of other companies. Schedules reconciling each of these non-GAAP financial measures are provided as a supplement to this release.

Conference Call Information

Mr. Moshe Mizrahy, Chairman and Chief Executive Officer, Dr. Michael Kreindel, co-founder and Chief Technology Officer, Mr. Yair Malca, Chief Financial Officer, Mr. Shakil Lakhani, President of North America, and Dr. Spero Theodorou, Chief Medical Officer, will host a conference call today, October 26, 2021, at 8:30 a.m. Eastern Time to discuss the third quarter 2021 financial results.

The Company encourages participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10157922/ea04627326

Callers will receive a unique dial-in upon registration, which enables immediate access to the call. Participants may pre-register at any time, including up to and after the call start time.

For callers that opt out of pre-registration, please dial one of the following teleconferencing numbers. Please begin by placing your call 10 minutes before the conference call commences. If you are unable to connect using the toll-free number, please try the international dial-in number.

U.S. Toll-Free Dial-in Number: 1-833-316-0562

Israel Toll- Free Dial-in Number: 1-80-921-2373

International Dial-in Number: 1-412-317-5736

At:

8:30 a.m. Eastern Time

5:30 a.m. Pacific Time

3:30 p.m. Israel Time

The conference call will also be webcast live from a link on InMode's website at https://inmodemd.com/investors/events-presentations/. A replay of the conference call will be available from October 26, 2021, at 12 p.m. Eastern Time to November 9, 2021, at 11:59 p.m. Eastern Time. To access the replay, please dial one of the following numbers:

Replay Dial-in U.S TOLL-FREE: 1-877-344-7529

Replay Dial-in Canada TOLL-FREE: 855-669-9658

Replay Dial-in TOLL/INTERNATIONAL: 1-412-317-0088

Replay Pin Number: 10157922

To access the replay using an international dial-in number, please select the link below:

https://services.choruscall.com/ccforms/replay.html

A replay of the conference call will also be available for 90 days on InMode's website at https://inmodemd.com/investors/.

About InMode

InMode is a leading global provider of innovative medical technologies. InMode develops, manufactures, and markets devices harnessing novel radio frequency (“RF”) technology. InMode strives to enable new emerging surgical procedures as well as improve existing treatments. InMode has leveraged its medically accepted minimally invasive RF technologies to offer a comprehensive line of products across several categories for plastic surgery, gynecology, dermatology, otolaryngology, and ophthalmology. For more information about InMode, please visit www.inmodemd.com.

Forward-Looking Statements

The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or InMode’s future financial or operating performance, including the future performance described above under the heading titled “2021 Financial Outlook.” Actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. In some cases, you can identify these statements because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will," "would" and similar expressions that concern our expectations, strategy plans or intentions. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, including with respect to the impact of the COVID-19 global outbreak. Consequently, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in InMode’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on February 10, 2021, risk factors relating to the COVID-19 global outbreak and our future public filings. InMode undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which pertain only as of the date of this press release.

Company Contact:

Yair Malca

Chief Financial Officer

Phone: (949) 305-0108

Email: Yair.Malca@inmodemd.com

Investor Relations Contact:

Miri Segal

MS-IR LLC

Phone: (917) 607-8654

Email: ir@inmodemd.com

INMODE LTD.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(U.S. dollars in thousands, except for per share data)

(Unaudited)

	Three months ended September 30,					Nine months ended September 30,
	2021			2020		2021			2020
REVENUES		94,176			59,714		247,025			130,920
COST OF REVENUES		13,943			9,395		36,745			20,274
GROSS PROFIT		80,233			50,319		210,280			110,646
OPERATING EXPENSES:
Research and development		2,248			1,959		7,004			7,207
Sales and marketing		30,835			23,758		84,067			61,293
General and administrative		2,132			1,309		5,884			4,745
TOTAL OPERATING EXPENSES		35,215			27,026		96,955			73,245
INCOME FROM OPERATIONS		45,018			23,293		113,325			37,401
Finance income (expenses), net		(65	)		798		407			2,063
INCOME BEFORE TAXES		44,953			24,091		113,732			39,464
INCOME TAXES		235			207		1,343			509
NET INCOME		44,718			23,884		112,389			38,955
Add: Loss (net income) attributable to non-controlling interests		-			11		(103	)		(39	)
NET INCOME ATTRIBUTABLE TO INMODE LTD.		44,718			23,895		112,286			38,916

NET INCOME PER SHARE (1):
Basic		0.54			0.33		1.39			0.55
Diluted		0.52			0.28		1.31			0.46
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF NET INCOME PER SHARE (in thousands) (1)
Basic		82,705			73,395		80,843			71,084
Diluted		86,264			84,165		85,802			83,788

(1) The number of shares have been adjusted retroactively for a 1-for-2 stock split of InMode shares by way of an issuance of bonus shares, that occurred pursuant to a resolution of our board of directors dated September 14, 2021.

INMODE LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. dollars in thousands, except for per share data)

(Unaudited)

	September 30, 2021		December 31, 2020
Assets
CURRENT ASSETS:
Cash and cash equivalents		68,928		68,938
Marketable securities		265,262		142,007
Short-term bank deposits		53,221		49,589
Accounts receivable, net of allowance for doubtful accounts		22,629		10,499
Other receivables		10,770		3,575
Inventories		19,178		14,983
TOTAL CURRENT ASSETS		439,988		289,591
NON-CURRENT ASSETS:
Accounts receivable		450		477
Other receivables		-		2,894
Deferred income taxes, net		607		64
Operating lease right-of-use assets		4,652		1,153
Property and equipment, net		1,361		982
Other investments		600		600
TOTAL NON-CURRENT ASSETS		7,670		6,170
TOTAL ASSETS		447,658		295,761

Liabilities and shareholders’ equity
CURRENT LIABILITIES:
Accounts payable		8,884		6,410
Contract liabilities		12,804		11,900
Other liabilities		32,183		16,720
TOTAL CURRENT LIABILITIES		53,871		35,030
NON-CURRENT LIABILITIES:
Contract liabilities		2,279		1,988
Other liabilities		3,936		2,910
Operating lease liabilities		3,546		358
TOTAL NON-CURRENT LIABILITIES		9,761		5,256
TOTAL LIABILITIES		63,632		40,286

TOTAL SHAREHOLDERS’ EQUITY		384,026		255,475
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		447,658		295,761

INMODE LTD.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(U.S. dollars in thousands, except for per share data)

(Unaudited)

	Three months ended September 30,						Nine months ended September 30,
	2021			2020			2021			2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		44,718			23,884			112,389			38,955
Adjustments required to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		136			108			378			307
Share-based compensation expenses		3,192			2,404			8,838			9,614
Allowance for doubtful accounts		48			-			375			466
Loss on marketable securities, net		26			11			33			2
Finance expenses (income), net		789			(279	)		1,598			(11	)
Deferred income taxes, net		(189	)		347			(391	)		1,173
Changes in operating assets and liabilities:
Increase in accounts receivable		(4,403	)		(7,628	)		(12,478	)		(10,083	)
Decrease (increase) in other receivables		(4,101	)		537			(4,418	)		(960	)
Decrease (increase) in inventories		(1,784	)		1,356			(4,195	)		(5,463	)
Increase in accounts payable		1,161			257			2,474			581
Increase in other liabilities		11,157			4,187			16,194			4,717
Increase (decrease) in contract liabilities		(277	)		5,010			1,195			(1,660	)
Net cash provided by operating activities		50,473			30,194			121,992			37,638
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in short-term deposits		(25,090	)		(18,090	)		(66,090	)		(49,699	)
Proceeds from short-term deposits		24,090			6,720			62,180			34,810
Purchase of fixed assets		(254	)		(103	)		(757	)		(428	)
Purchase of marketable securities		(77,547	)		(41,085	)		(203,274	)		(119,394	)
Proceeds from sale of marketable securities		30,660			25,500			78,642			117,786
Net cash (used in) investing activities		(48,141	)		(27,058	)		(129,299	)		(16,925	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repurchase of ordinary shares		-			-			(11,921	)		-
Exercise of options		5,200			698			19,803			3,248
Net cash provided by financing activities		5,200			698			7,882			3,248
EFFECT OF EXCHANGE RATE CHANGES ON CASH		(376	)		234			(585	)		147
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		7,156			4,068			(10	)		24,108

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		61,772			64,767			68,938			44,727
CASH AND CASH EQUIVALENTS AT END OF PERIOD		68,928			68,835			68,928			68,835

INMODE LTD.

CONDENSED CONSOLIDATED FINANCIAL HIGHLIGHTS

(U.S. dollars in thousands, except for per share data)

(Unaudited)

	Three months ended September 30,								Nine months ended September 30,								Year ended December 31,
	2021				2020				2021				2020				2020
Revenues by Geography:
United States		62,613	66	%		40,880	68	%		163,048	66	%		95,763	73	%		149,488	73	%
International		31,563	34	%		18,834	32	%		83,977	34	%		35,157	27	%		56,619	27	%
Total Net Revenue		94,176	100	%		59,714	100	%		247,025	100	%		130,920	100	%		206,107	100	%

	Three months ended September 30,								Nine months ended September 30,								Year ended December 31,
	2021				2020				2021				2020				2020
Revenues by Category:
Capital equipment revenues		85,067	90	%		54,305	91	%		220,644	89	%		116,862	89	%		185,320	90	%
Consumables and service revenues		9,109	10	%		5,409	9	%		26,381	11	%		14,058	11	%		20,787	10	%
Total Net Revenue		94,176	100	%		59,714	100	%		247,025	100	%		130,920	100	%		206,107	100	%

	Three months ended September 30,												Nine months ended September 30,
	2021						2020						2021						2020
	%						%						%						%
	United States		International		Total		United States		International		Total		United States		International		Total		United States		International		Total
Revenues by Technology:
Minimally Invasive		73		73		73		54		70		59		70		74		71		56		72		60
Hands-Free		25		5		18		43		13		34		28		7		21		42		10		34
Non-Invasive		2		22		9		3		17		7		2		19		8		2		18		6
		100		100		100		100		100		100		100		100		100		100		100		100

INMODE LTD.

RECONCILIATION OF GAAP CONDENSED CONSOLIDATED STATEMENTS OF

INCOME TO NON-GAAP CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(U.S. dollars in thousands, except for per share data)

(Unaudited)

	Three months ended September 30, 2021									Three months ended September 30, 2020
	GAAP			Share Based Compensation			Non-GAAP			GAAP		Share Based Compensation			Non-GAAP
REVENUES		94,176			-			94,176			59,714		-			59,714
COST OF REVENUES		13,943			(301	)		13,642			9,395		(155	)		9,240
GROSS PROFIT		80,233			301			80,534			50,319		155			50,474
OPERATING EXPENSES:
Research and development		2,248			(425	)		1,823			1,959		(124	)		1,835
Sales and marketing		30,835			(2,208	)		28,627			23,758		(1,974	)		21,784
General and administrative		2,132			(258	)		1,874			1,309		(151	)		1,158
TOTAL OPERATING EXPENSES		35,215			(2,891	)		32,324			27,026		(2,249	)		24,777
INCOME FROM OPERATIONS		45,018			3,192			48,210			23,293		2,404			25,697
Finance income (expenses), net		(65	)		-			(65	)		798		-			798
INCOME BEFORE TAXES		44,953			3,192			48,145			24,091		2,404			26,495
INCOME TAXES (TAX BENEFIT)		235			-			235			207		(339	)		(132	)
NET INCOME		44,718			3,192			47,910			23,884		2,743			26,627
Add: Loss attributable to non-controlling interests		-			-			-			11		-			11
NET INCOME ATTRIBUTABLE TO INMODE LTD.		44,718			3,192			47,910			23,895		2,743			26,638

NET INCOME PER SHARE (1):
Basic		0.54						0.58			0.33					0.36
Diluted		0.52						0.55			0.28					0.31
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF NET INCOME PER SHARE (in thousands) (1)
Basic		82,705						82,705			73,395					73,395
Diluted		86,264						86,494			84,165					84,577

INMODE LTD.

RECONCILIATION OF GAAP CONDENSED CONSOLIDATED STATEMENTS OF

INCOME TO NON-GAAP CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(U.S. dollars in thousands, except for per share data)

(Unaudited)

	Nine months ended September 30, 2021									Nine months ended September 30, 2020
	GAAP			Share Based Compensation			Non-GAAP			GAAP			Share Based Compensation			Non-GAAP
REVENUES		247,025			-			247,025			130,920			-			130,920
COST OF REVENUES		36,745			(804	)		35,941			20,274			(380	)		19,894
GROSS PROFIT		210,280			804			211,084			110,646			380			111,026
OPERATING EXPENSES:
Research and development		7,004			(1,112	)		5,892			7,207			(2,132	)		5,075
Sales and marketing		84,067			(6,154	)		77,913			61,293			(6,569	)		54,724
General and administrative		5,884			(768	)		5,116			4,745			(533	)		4,212
TOTAL OPERATING EXPENSES		96,955			(8,034	)		88,921			73,245			(9,234	)		64,011
INCOME FROM OPERATIONS		113,325			8,838			122,163			37,401			9,614			47,015
Finance income, net		407			-			407			2,063			-			2,063
INCOME BEFORE TAXES		113,732			8,838			122,570			39,464			9,614			49,078
INCOME TAXES (TAX BENEFIT)		1,343			-			1,343			509			(763	)		(254	)
NET INCOME		112,389			8,838			121,227			38,955			10,377			49,332
Add: Net Income attributable to non-controlling interests		(103	)		-			(103	)		(39	)		-			(39	)
NET INCOME ATTRIBUTABLE TO INMODE LTD.		112,286			8,838			121,124			38,916			10,377			49,293

NET INCOME PER SHARE (1):
Basic		1.39						1.50			0.55						0.69
Diluted		1.31						1.41			0.46						0.59
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF NET INCOME PER SHARE (in thousands) (1)
Basic		80,843						80,843			71,084						71,084
Diluted		85,802						86,059			83,788						84,122