Outset Medical Inc (NAS:OM)
$ 0.621 0.0371 (6.35%) Market Cap: 32.35 Mil Enterprise Value: 39.80 Mil PE Ratio: 0 PB Ratio: 0.47 GF Score: 50/100
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Q2 2024 Outset Medical Inc Earnings Call Transcript

Aug 7, 2024 / 09:00 PM GMT
Release Date Price: $3.4 (-3.41%)

Key Points

Positve
  • Treatment sales grew 25% year-over-year.
  • Console ASP increased more than 8% year-over-year.
  • Console installed base grew 18% year-over-year.
  • Number of acute facilities using Tablo grew 16% year-over-year.
  • Non-GAAP gross margin came in substantially above expectations at 37.3% for the quarter.
Negative
  • Second quarter revenue of $27.4 million was lighter than expected.
  • Console sales were below forecast, driving the revenue shortfall.
  • Sales cycle elongation observed, requiring changes in commercial execution.
  • Expected revenue for the year reduced to approximately $110 million.
  • Restructuring and optimization expected to take several quarters to fully implement.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OM.OQ - Outset Medical Inc
Q2 2024 Outset Medical Inc Earnings Call
Aug 07, 2024 / 09:00PM GMT

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Conference Call Participants
=====================
* James Mazzola
* Leslie Trigg
* Nabeel Ahmed
* Marie Thibault
* Frederick Wise
* Shagun Singh Chadha
* Suraj Kalia
* Kristen Stewart
* Stephanie Piazzola
* Andrew Ranieri
* Joshua Jennings

=====================
Presentation
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Operator [1]
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Ladies and gentlemen, thank you for standing by. Welcome to Outset Medical Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would like now to turn the conference over to Jim Mazzola, Head of Investor Relations. Please go ahead.

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