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Outset Medical, Inc. - OM STOCK NEWS

Welcome to our dedicated page for Outset Medical news (Ticker: OM), a resource for investors and traders seeking the latest updates and insights on Outset Medical stock.

Outset Medical, Inc. (symbol: OM) is a pioneering medical technology company committed to revolutionizing the dialysis experience. The company’s primary product, Tablo, is an innovative dialysis machine designed to simplify and streamline the process of Renal Replacement Therapy. By focusing on a patient-centric approach, Outset Medical places patient care, ease of use, and cost-efficiency at the forefront of its operations.

The Tablo dialysis system is built with a user-friendly touchscreen display that offers step-by-step visual and conversational instructions, making it accessible to both patients and caregivers, regardless of their experience level. This intuitive design dramatically reduces the complexity and cost associated with traditional dialysis treatments. Tablo can be used across various settings, including hospitals, chronic care dialysis clinics, and at home, making it a versatile solution for renal care.

Outset Medical’s mission is to improve the care experience for patients, families, providers, and physicians, while also enhancing cost-efficiencies for healthcare providers. The company achieves this by combining expertise from different healthcare fields, fostering an environment of cross-disciplinary innovation. This approach has led to significant advancements in dialysis technology and patient care.

Recent achievements include regulatory approvals and partnerships aimed at expanding Tablo’s reach and improving its functionalities. Financially, Outset Medical has shown robust growth, supported by a dedicated team of professionals and continuous innovation in their product offerings. The company's efforts are geared towards giving people their time back by reducing the dialysis process's complexity and duration.

Stay updated with the latest developments and news about Outset Medical, Inc. to learn how this industry leader is transforming renal care.

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Outset Medical (Nasdaq: OM) presented new research at Kidney Week 2024 demonstrating significant benefits of their Tablo Hemodialysis System for home hemodialysis patients and caregivers. Two key findings were highlighted: First, patients reported improvements in depression and faster recovery from treatments, with high recommendation scores (NPS of 9.2-9.3). Second, caregivers showed strong confidence in supporting treatments, with 98% feeling confident and 100% satisfied with their role, resulting in high recommendation scores (NPS of 8.9). Additionally, a study in Kidney Medicine provided consensus recommendations for catheter use in home hemodialysis, suggesting individualized approaches for vascular access.

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Outset Medical (Nasdaq: OM) announced it will release its third quarter 2024 financial results after market close on Wednesday, November 6, 2024. The company will host a conference call at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) on the same day, featuring Chair and CEO Leslie Trigg and CFO Nabeel Ahmed to discuss financial and operating results. Interested participants can register online to receive dial-in details and a unique pin. A live and archived webcast will be available on the company's investor relations website.

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Outset Medical (Nasdaq: OM) reported Q2 2024 financial results, showing mixed performance. Revenue decreased to $27.4 million from $36.0 million in Q2 2023, primarily due to a decline in product revenue. However, recurring revenue from Tablo cartridges and service increased by 24%. The company saw significant improvement in gross margins, with total gross margin rising to 35.7% from 21.4% year-over-year. Operating expenses decreased by 21% to $40.5 million. Net loss narrowed to $34.5 million, or $(0.66) per share. Outset revised its 2024 revenue guidance downward to approximately $110 million, citing lower-than-expected new console placements.

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Outset Medical (Nasdaq: OM), a medical technology company focused on reducing dialysis costs and complexity, has announced its plans to release Q2 2024 financial results on Wednesday, August 7, 2024, after market close. The company will host a conference call at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) on the same day to discuss financial and operating results.

The call will be led by Leslie Trigg, Chair and CEO, and Nabeel Ahmed, CFO. Interested participants can register online to receive dial-in numbers and a unique pin. Registration is recommended at least 15 minutes before the call. A live and archived webcast will be available on the company's investor relations website.

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Outset Medical (Nasdaq: OM), a medical technology company focused on reducing the cost and complexity of dialysis, will present at the Goldman Sachs 45th Annual Global Healthcare Conference. The presentation is scheduled for June 12, 2024, at 11:20 a.m. Eastern time. A live and archived webcast will be accessible via the 'Investors' section of the Outset Medical website.

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Outset Medical, Inc. reported its financial results for the first quarter of 2024, highlighting revenue of $28.2 million, a 12% growth in service and other revenue, and a total gross margin improvement to 29.2%. Operating expenses decreased by 10% from the prior year. The company remains focused on reducing costs, achieving profitability, and capitalizing on the $11 billion U.S. dialysis market opportunity.

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Outset Medical, Inc. (Nasdaq: OM) received FDA 510(k) clearance for TabloCart with prefiltration, an accessory for the Tablo Hemodialysis System, improving flexibility for healthcare providers. This innovative technology enhances user experience with versatile prefiltration options and enhanced maneuverability, simplifying dialysis treatment. TabloCart complements Tablo as a single enterprise solution, revolutionizing the dialysis experience for patients and providers.

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Outset Medical, a medical technology company (OM), will be presenting at upcoming investor conferences hosted by BofA Securities and RBC Capital Markets in May 2024. The management will discuss the company's innovative dialysis technology to reduce costs and complexity. Webcasts of the sessions will be available on Outset's investor section website.

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Outset Medical, Inc. (Nasdaq: OM) will announce its first quarter 2024 financial results on May 8, 2024. The company will host a conference call to discuss the results, led by Leslie Trigg, Chair, and CEO, and Nabeel Ahmed, CFO.
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Outset Medical and U.S. Renal Care have announced a multi-year agreement to accelerate home dialysis across the U.S. The agreement aims to provide patients with innovative home dialysis using the Tablo Hemodialysis System. Studies show that home dialysis can improve the mental and physical health of patients with end-stage kidney disease. Only 3% of the ESKD population currently performs home hemodialysis due to historical complexities. The partnership allows U.S. Renal Care to offer the Tablo system in 33 states, making dialysis more accessible and convenient for patients.
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FAQ

What is the current stock price of Outset Medical (OM)?

The current stock price of Outset Medical (OM) is $0.631 as of November 5, 2024.

What is the market cap of Outset Medical (OM)?

The market cap of Outset Medical (OM) is approximately 34.3M.

What is Outset Medical, Inc.?

Outset Medical, Inc. is a medical technology company focused on innovating dialysis treatment with its Tablo dialysis machine.

What product does Outset Medical offer?

Outset Medical offers the Tablo dialysis machine, designed to simplify and reduce the cost and complexity of dialysis.

How does the Tablo dialysis system work?

Tablo features a touchscreen display with step-by-step visual and conversational instructions, making it easy to use for patients and caregivers.

In what settings can Tablo be used?

Tablo can be used in hospitals, chronic care dialysis clinics, and at home.

What is the company's main mission?

Outset Medical aims to improve the care experience and cost-efficiency for patients, families, providers, and physicians.

Who can use the Tablo machine?

Tablo is designed to be user-friendly, making it accessible for both new and experienced patients and caregivers.

What is unique about the Tablo machine?

Tablo offers a simple, user-friendly interface with step-by-step instructions, reducing the complexity of dialysis treatments.

How does Outset Medical foster innovation?

Outset Medical combines expertise from various healthcare fields to drive cross-disciplinary innovation in dialysis technology.

What recent achievements does Outset Medical have?

Outset Medical has achieved regulatory approvals and formed partnerships to expand the reach and functionalities of the Tablo machine.

How has Outset Medical performed financially?

Outset Medical has shown robust financial growth, supported by continuous innovation and a dedicated professional team.

Outset Medical, Inc.

Nasdaq:OM

OM Rankings

OM Stock Data

34.26M
52.09M
2.15%
94.16%
6.66%
Medical Devices
Electromedical & Electrotherapeutic Apparatus
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United States of America
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