What happened InMode's (NASDAQ: INMD) shares are skyrocketing 13.7% higher at 3:25 p.m. EDT on Monday after management announced its second-quarter 2020 revenue would likely be between $30.2 million and $30.6 million, which is significantly higher than analysts' outlook for $16.9 million. The company also increased its non-GAAP (adjusted) earnings-per-share outlook to between $0.20 and $0.22, again besting industry watchers' forecast for a loss of $0.09 per share. So what The healthcare company is disrupting the multibillion market for aesthetic treatments, including liposuction, with devices that use radio frequency energy to reduce scarring and improve recovery times. Image source: Getty Images. The upside guidance is encouraging given that management pointed to a standstill in aesthetic surgical procedures in May because of COVID-19. Although the company's sales grew a healthy 32% year over year to $40.4 million in the first quarter, InMode said there was "almost no activity in March." Now what Americans spend over $8 billion per year on aesthetic procedures, and over 20 million aesthetic procedures are done annually worldwide. Disrupting this market with a minimally invasive alternative to traditional surgery represents a big opportunity for revenue growth. While COVID-19 headwinds could still crimp InMode demand short term, management believes revenue will still essentially match 2019's. And since the company's handsomely profitable, with net income of $12.6 million in Q1, there's little risk slowing sales growth will cause a cash crunch, making this an intriguing stock to consider owning in portfolios. 10 stocks we like better than InMode Ltd.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and InMode Ltd. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Todd Campbell has no position in any of the stocks mentioned. His clients may have positions in the companies mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source