Masimo Corporation - MASI STOCK NEWS

Masimo (NASDAQ: MASI) announced its participation in the 44th Annual Raymond James Institutional Investors Conference on March 7, 2023, at 11:00 a.m. Eastern Time. Investors can access a live webcast of the presentation on the Masimo website, with a replay available afterward.

Masimo is a leading global medical technology company known for its innovative monitoring solutions, including the Masimo SET®, which has been shown to outperform other pulse oximetry technologies. The company aims to enhance patient outcomes and reduce healthcare costs through its advanced technologies.

Masimo reported strong financial results for Q4 and full-year 2022, with consolidated revenue reaching $617 million and $2,035.8 million respectively. The healthcare revenue was $351.9 million in Q4, growing 7.4% year-over-year, while full-year healthcare revenue hit $1,340.3 million with 8.2% growth. Non-healthcare revenue for Q4 was $265.1 million. The company achieved a GAAP net income of $41.1 million in Q4, or $0.76 per diluted share. For 2023, Masimo projects consolidated revenue between $2,415 million and $2,460 million, indicating continued growth.

Masimo (NASDAQ: MASI) announced findings from a study published in Medicine, showing that using the Oxygen Reserve Index (ORi™) alongside standard SpO₂ monitoring effectively reduced intraoperative hyperoxemia during laparoscopic gastrectomy. Conducted by Dr. Jin Hee Ahn and team, the study demonstrated significant differences in arterial oxygen levels; the SpO₂ group had a higher PaO₂ compared to the ORi-SpO₂ group one hour post-surgery (250.31 mmHg vs. 170.07 mmHg, p < .001). The severe hyperoxemia incidence was lower in the ORi-SpO₂ group at 16.7% vs. 84.4% for SpO₂.

Masimo (NASDAQ: MASI) announced that its Centroid wearable, wireless patient position and activity sensor received an Innovative Technology designation from Vizient, Inc., aimed at improving healthcare practices. Centroid helps prevent hospital-acquired pressure injuries (HAPIs), which affect 2.5 million patients annually in the U.S., with nearly 60,000 fatalities each year. It monitors patient position and movements using Bluetooth technology and integrates with the Masimo Root Patient Monitoring platform.

This recognition positions Masimo for potential growth in healthcare solutions, illustrating its commitment to enhancing patient outcomes and lowering care costs.

Masimo (NASDAQ: MASI) will announce its fourth quarter and FY 2022 financial results on February 28, 2023, after market closure. The results will be reviewed in a conference call at 1:30 p.m. PT (4:30 p.m. ET), hosted by CEO Joe Kiani and CFO Micah Young. Participants must register to obtain the dial-in details. Masimo specializes in medical technology, focusing on noninvasive monitoring solutions to enhance patient outcomes and reduce care costs. Their innovations include pulse oximetry and various blood monitoring technologies, widely used in leading healthcare institutions globally.

Masimo (NASDAQ: MASI) has launched the Visual Clinical Activity Monitoring (VCAM™), an AI-based video analysis system designed to enhance compliance with hand hygiene protocols in hospitals. The VCAM integrates with Masimo Hospital Automation™ solutions, providing real-time notifications and analytics to improve hygiene adherence and reduce hospital-acquired infections (HAIs). A Finnish study indicates a direct correlation between hand hygiene compliance and lower HAI rates. The system tracks handwashing and sanitization activities, offering actionable insights for healthcare facilities.

Masimo (NASDAQ: MASI) announced results from a study showing that maintaining higher end-tidal carbon dioxide (EtCO₂) levels enhances cerebral oxygenation during video-assisted thoracoscopic surgery (VATS). Conducted by researchers from Tanta University and The King Fahd General Hospital, the research revealed significant improvements in regional cerebral oxygenation and postoperative cognitive function, with better Aldrete and mini mental status exam (MMSE) scores among patients with higher EtCO₂ (39-45 mmHg) compared to lower levels (32-38 mmHg). The study involved 70 patients and utilized the Masimo Root^® monitoring platform to track multiple physiological parameters.

Masimo (NASDAQ: MASI) and Royal Philips (NYSE: PHG) have announced an expansion of their partnership to enhance patient monitoring for home telehealth applications with the Masimo W1™ watch. This innovative technology will integrate Masimo's advanced health tracking with Philips's patient monitoring ecosystem, offering continuous, remote monitoring of vital health data. The combined solution aims to support early discharge initiatives and chronic illness management. The Masimo W1 is CE marked and awaiting FDA clearance. This development will be showcased at Arab Health 2023, highlighting advancements in telehealth.

A U.S. Administrative Law Judge ruled that Apple Inc. (AAPL) violated the Tariff Act by importing and selling Apple Watches with pulse oximetry technology infringing Masimo's (MASI) patents. The case revolves around the pulse oximeter functionality first introduced in the Apple Watch Series 6. The U.S. International Trade Commission will now decide on a potential import ban. This ruling raises concerns about Apple's practices regarding technology innovation and could influence market accountability.