Craig Case- Successful Fundraising event for the Santa Barbara Police Activity League and for a new season of his TV show, The In Crowd.
Gil Garcia- Pass to go to Puerto Vallarta to recuperate from his Greece trip.
Patricia Juin-Trip to Spain, Casablanca and much more.
Guy De Mangeon- (2) Trip to Spain, Casablanca and much more. Also, one for making a nice profit on his Inogen Investment.
Jacqueline Duran-For Ken Oplinger, a nice successful Chamber of Commerce Mega Mixer.
Announcements: Donna Eyman announced the start of the planning for the Poinsettia sale. Committee members include Gil, Marti, Bruce, Tim Bigelow and Tim Hardy. All members are expected to help.
Program: Alison Bauerlein, Founder, CFO, and Executive Vice President, Finance at Inogen.
Alison Bauerlein is the founder and CFO of Inogen. Inogen was started with the goal of improving the quality of life of oxygen users. Alison saw the need in 2001 with her grandmother who was put on Oxygen. Alison realized that if only tanks could be miniaturized, the level of mobility would lead to better health and less hospitalizations.
The new compact, lightweight and travel approved oxygen product is 2.8 lbs with a single rechargeable battery. The product creates freedom and independence.
Inogen now sales in 46 countries and continue to have worldwide demand. They have a focus in the United States and Europe but are starting to develop the groundwork to bring their product to Emerging Countries such as Brazil. Inogen has had continues growth and they have increased business to business sales. However, they are still only at 10% penetration in the POC business showing that there is still a lot of growth potential. Inogen has strong profits with a positive balance sheet at $144.2mm. They have no plans of acquiring new businesses in order to stay focused on the Oxygen business and continue to provide a high level of client experience. They did acquire a European distributor in order to increase business in Europe. They also have a new facility in Cleveland. Alison is confident that they have multiple avenues to drive future growth and continue to work on consumer awareness of their product now adding sales directly through Physicians as well. Alison presented overall that Inogen’s sales projections for 2017 show growth with growth potential for the next ten years.
