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Masimo Corporation (NASDAQ: MASI) is a leading global medical technology company specializing in the development and manufacturing of innovative noninvasive patient monitoring technologies. For over 27 years, Masimo has been at the forefront of medical advancements, offering a wide array of sensors and devices that enhance patient care and safety. Their products are designed to provide healthcare professionals with critical information to improve clinical decision-making.
Masimo's core business is divided into two segments: healthcare and non-healthcare. The healthcare segment is the primary revenue generator, focusing on noninvasive patient monitoring technologies, hospital automation, connectivity solutions, and remote monitoring devices. Their clinically proven products are widely used in hospitals, emergency rooms, and clinical settings around the world.
The non-healthcare segment encompasses the consumer audio business, which includes the development, manufacturing, marketing, and licensing of premium and luxury audio sound products. This segment is known for its advanced audio integration technologies that appeal to audiophiles and general consumers alike.
Masimo's recent achievements include expanding their product portfolio with advanced remote monitoring solutions, partnering with leading healthcare organizations, and pioneering innovative technologies that address unsolvable medical challenges. Financially, the company is robust, showing consistent growth and a strong market presence.
Masimo’s dedication to improving lives is evident in their mission to save, extend, and enhance the quality of life across all demographics. Their innovative spirit attracts individuals who are passionate about making a significant impact in the medical field. As they continue to innovate, Masimo remains committed to providing top-tier products that meet the evolving needs of the healthcare industry.
Masimo (NASDAQ: MASI) has released findings from a prospective observational study published in Critical Care, evaluating the effects of various rescue therapies on oxygenation in mechanically ventilated COVID-19 patients with ARDS. The study utilized the Masimo Root® Patient Monitoring platform along with O3® Regional Oximetry. Researchers assessed therapies like recruitment maneuvers, prone positioning, inhaled nitric oxide, and ECCO2R. Results indicated diverse impacts on cerebral oxygenation, stressing the significance of tailored rescue strategies for patient care.
Masimo (NASDAQ: MASI) announced a study published in Acta Paediatrica evaluating the accuracy of its Rad-G™ device's plethysmographic respiration rate measurement (RRp®) in malnourished children hospitalized in Nigeria. Conducted with 514 children, the study found Rad-G's RRp readings aligned closely with manual counts, classifying respiratory rates correctly 84% of the time. The results suggest a significant clinical potential for automated RR counting over manual methods. Masimo's Rad-G is designed for resource-limited environments, enhancing patient care efficiency.
Masimo (NASDAQ: MASI) announced a study in Sri Lanka Journal of Child Health evaluating pulse oximetry for critical congenital heart disease (CCHD) screening in newborns. The study demonstrated a CCHD detection rate of 91% using Masimo SET® pulse oximetry versus 82% for physical exams. Combining both methods led to a 100% detection rate. Researchers advocated for routine implementation in maternity units. Masimo SET® has shown superior performance in past studies, further establishing its reliability in clinical settings.
Masimo (NASDAQ: MASI) published findings from a study in Pediatrics International demonstrating the effectiveness of its EMMA® Portable Capnograph in monitoring respiratory conditions in children with tracheostomy. Conducted by Osaka Women’s and Children’s Hospital, the study revealed a strong correlation (0.87) between end-tidal carbon dioxide (EtCO2) and venous carbon dioxide (PvCO2) measurements, positioning the EMMA device as a valuable tool for non-invasive respiratory assessments. The research highlighted its portability and rapid result delivery, applicable in home-care and outpatient settings.
Masimo (NASDAQ: MASI) emphasizes its commitment to enhancing maternal and newborn safety through innovative monitoring solutions. Their Masimo SET® pulse oximetry technology aids in critical areas like detection of retinopathy of prematurity and congenital heart disease. A recent study indicates that comparing perfusion index values in pre-term infants can improve diagnosis for patent ductus arteriosus. Masimo's products aim to provide precise measurements, especially during neonatal emergencies, and have gained recognition in both U.S. and global healthcare standards.
Masimo (NASDAQ: MASI) has announced the CE marking of its Rad-G™ with Temperature, a handheld device that features clinically proven SET® pulse oximetry, respiration rate measurement, and non-contact infrared thermometry. The device's robust design promotes portability and ease of use in various clinical settings. With a rechargeable battery lasting up to 24 hours, the Rad-G allows for continuous patient monitoring and assessment of vital signs. It aims to improve access to pulse oximetry for the five billion people lacking it, enhancing clinical decision-making.
Masimo (NASDAQ: MASI) will present at the Raymond James 42nd Annual Institutional Investors Conference on March 3, 2021, at 3:50 p.m. ET. The live presentation will be accessible via a webcast on the Masimo website, with a replay available afterward.
Masimo specializes in innovative medical technologies and monitoring solutions aimed at improving patient outcomes while reducing care costs. Its flagship product, Masimo SET®, is trusted in over 100 million patients worldwide and is utilized in nine of the top ten U.S. hospitals, showcasing the company's impact on healthcare.
Masimo reported significant financial growth for Q4 2020 and the full year, with total revenue reaching $295.1 million in Q4, up 19.2% year-over-year, and $1,143.7 million for the year, a 22.0% increase. GAAP net income for Q4 rose to $70.7 million, or $1.21 per diluted share. However, operating margins decreased slightly, with GAAP operating margin at 22.0% for Q4 versus 24.9% the previous year. For 2021, the company projects total revenue of $1,200 million, reflecting a 4.9% growth forecast.
Masimo (NASDAQ: MASI) has launched softFlow®, a new pulmonary care therapy providing high-flow warmed and humidified gases for spontaneously breathing patients. The device, approved for use in hospitals and home settings, helps manage respiratory conditions, particularly in COVID-19 patients. softFlow operates without external air supply and features a dedicated flow path for safety. Supported by clinical data, it has shown improved patient outcomes, with capabilities to enhance comfort and facilitate communication. The technology is already being used globally since its first introduction in 2016.
Masimo (NASDAQ: MASI) will announce its fourth quarter and full year 2020 financial results on February 23, 2021, after the market closes. The conference call to discuss these results will take place at 1:30 p.m. PT (4:30 p.m. ET) with CEO Joe Kiani and CFO Micah Young. Interested parties can register via the provided link to obtain call details. Masimo is known for developing advanced medical monitoring technologies aimed at improving patient outcomes while reducing healthcare costs.
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