Outset Medical Reports Fourth Quarter and Full Year 2023 Financial Results
Outset Medical, Inc. (OM)
Company Research
Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)--Outset Medical, Inc. (Nasdaq: OM) (“Outset” or the “Company”), a medical technology company pioneering a first-of-its-kind technology to reduce the cost and complexity of dialysis, today reported financial results for the fourth quarter and full year ended December 31, 2023.Fourth Quarter, Year-End Results, and Recent HighlightsRecorded net revenue of $30.5 million in the fourth quarter, bringing 2023 revenue to $130.4 million, a 13% increase compared to $115.4 million in 2022.Increased gross margin in the fourth quarter by nearly 900 basis points from the prior-year period. Fourth quarter gross margin reached 25.3% (26.7% on a non-GAAP basis) compared to 16.5% (17.1% on a non-GAAP basis) in the fourth quarter of 2022. Gross margin for the full year was 22.2% (23.6% on a non-GAAP basis) compared to 15.5% (16.1% on a non-GAAP basis) in 2022.As previously reported, recurring revenue consisting of Tablo consumables and services, exceeded 50% of tota
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- Fresenius Medical Care recalls 2M dialysis devices over toxin exposure risk [Yahoo! Finance]Yahoo! Finance
- Outset Medical to Report First Quarter 2024 Financial Results on Wednesday, May 8, 2024Business Wire
- Outset Medical (OM) Inks Multi-Year Deal to Boost Home Dialysis [Yahoo! Finance]Yahoo! Finance
- Outset Medical and U.S. Renal Care Announce Multi-Year Agreement to Accelerate and Grow Home Dialysis Across the U.S. [Yahoo! Finance]Yahoo! Finance
- Outset Medical and U.S. Renal Care Announce Multi-Year Agreement to Accelerate and Grow Home Dialysis Across the U.S.Business Wire
OM
Earnings
- 2/21/24 - Beat
OM
Sec Filings
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- 4/10/24 - Form SC
- OM's page on the SEC website