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Stock impact report

Outset Medical Inc (OM) Reports Mixed Q4 and Full Year 2023 Results [Yahoo! Finance]

Outset Medical, Inc. (OM) 
Company Research Source: Yahoo! Finance
Gross Margin Improvement : Gross margin improved significantly in Q4, reaching 25.3% compared to 16.5% in the same quarter of the previous year. Net Loss Reduction : The company reduced its net loss to ($38.6) million in Q4, compared to ($41.4) million in Q4 of the previous year. Recurring Revenue Growth : Recurring revenue from Tablo consumables and services exceeded 50% of total revenue in 2023. Installed Base Expansion : The Tablo installed base grew by 34% to 5,350 consoles by the end of 2023. 2024 Financial Guidance : Outset Medical reaffirmed its 2024 revenue guidance of $145 million to $153 million, with non-GAAP gross margin in the low-30% range. Warning! GuruFocus has detected 3 Warning Signs with OM. On February 21, 2024, Outset Medical Inc ( NASDAQ:OM ) released its 8-K filing , detailing the financial results for the fourth quarter and full year ended December 31, 2023. The company, known for its innovative Tablo Hemodialysis System designed to simplify and re Show less Read more
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