Outset Medical reports Q1 EPS ($3.24)

Reports Q1 revenue $29.75M, consensus $27.81M. “Outset’s results in the first quarter reflect the strong progress we have made with our commercial transformation, the durable competitive differentiation of Tablo for acute and home hemodialysis, and the meaningful impact our operational execution is having on our path to profitability,” said Leslie Trigg, Chair and Chief Executive Officer. “Console placements grew, utilization-driven recurring revenue remained strong, and we demonstrated ongoing operating leverage during the quarter. Importantly, we continued to grow our installed base with providers and patients in the acute and home settings who are seeing firsthand the significant benefits Tablo can deliver.”