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Outset Medical (OM)
NASDAQ:OM
Holding OM?
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.44Last Year’s EPS
-0.59Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 09, 2021
|% Change Since: 27.42%
|Next Earnings Date:Nov 11, 2020
Earnings Call Sentiment|Positive
The earnings call highlighted significant progress in recurring revenue growth, gross margin expansion, and successful commercial transformation. However, year-over-year revenue decline and conservative guidance for Q4 suggest ongoing challenges.Company Guidance
During the Q3 2024 earnings call for Outset Medical, several key metrics were highlighted that demonstrate the company's performance and future outlook. The company's revenue for the third quarter was $28.7 million, which reflected a 5% sequential growth and exceeded the guidance provided, primarily driven by recurring revenue streams. Recurring revenue, comprising treatment and service revenue, reached an all-time high, with a 23% year-to-date increase over the same period in 2023. The average selling prices for consoles improved by 18% year-over-year, contributing to a nearly 11 percentage point expansion in non-GAAP gross margin from the previous year. The company also reported a 14% growth in treatment revenue and a 22% increase in service revenue, pushing recurring revenue to record levels. Additionally, the number of acute and subacute sites using Tablo grew by 15% year-over-year, showcasing the company's progress in market expansion. For the full year 2024, Outset Medical revised its revenue guidance to approximately $112 million, up from the previous guidance of $110 million, with expected non-GAAP gross margin in the mid-30% range, reflecting operational efficiency and strong pricing strategies.Recurring Revenue Growth
Recurring revenue increased 23% year-to-date compared to the same period in 2023, with treatment revenue growing 14% and service revenue 22% in Q3.
Gross Margin Expansion
Non-GAAP gross margin expanded by nearly 11 percentage points from Q3 of last year, with product gross margin at 44.9% and service and other gross margin at 15.8%.
Commercial Transformation Progress
The commercial team has been retooled, with new sales processes implemented, leading to early signs of positive impact in Q3.
Home End Market Success
Tablo home program locations have increased 40% over the last 18 months, with a 90-day retention rate above 90% compared to the industry average of 65%.
Strong Cash Position and Expense Management
Ended Q3 with $179 million in cash and equivalents, and operating expenses decreased 37% year-over-year.
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OM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $0.62 | $0.78 | +25.81% |
| Aug 07, 2024 | $3.40 | $1.07 | -68.53% |
| May 08, 2024 | $4.13 | $3.27 | -20.82% |
| Feb 21, 2024 | $3.21 | $3.41 | +6.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Outset Medical (OM) report earnings?
Outset Medical (OM) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Outset Medical (OM) earnings time?
Outset Medical (OM) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OM EPS forecast?
OM EPS forecast for the fiscal quarter 2024 (Q4) is -0.44.
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