Masimo Corp. ( (MASI) ) has released its Q4 earnings. Here is a breakdown of the information Masimo Corp. presented to its investors.
Masimo Corporation is a global technology company specializing in innovative monitoring technologies and consumer audio products, with a focus on improving patient outcomes and reducing healthcare costs.
In its latest earnings report, Masimo announced a 9% increase in consolidated revenue for the fourth quarter of 2024, reaching $601 million. The company also provided updated guidance for 2025, highlighting a strategic focus on its core healthcare business.
Key financial metrics revealed a mixed performance, with healthcare revenue growing by 9% for the year, while non-healthcare revenue saw a decline of 10%. The company reported a GAAP net loss per basic share of $5.72 for the year, largely due to impairment charges related to Sound United. However, non-GAAP net income per diluted share increased by 16% to $4.40, reflecting strong operational performance in the healthcare segment.
Looking ahead, Masimo’s management is optimistic about 2025, projecting healthcare revenue growth of 8% to 11% and non-GAAP earnings per diluted share between $5.10 and $5.40. The company plans to continue its strategic realignment, focusing on healthcare solutions to drive future growth.