Outset Medical, Inc. Stock Price, News & Analysis

• Tablo console revenue grew 23% from Q4
• Recurring revenue from consumables and services increased 20% to $22.7 million
• Gross margin expanded to 37.2% (37.6% non-GAAP)
• Operating expenses decreased 39% to $27.5 million
• Net loss improved to $25.8 million ($3.66 per share)
• Cash position of $192 million as of March 31, 2025

Outset Medical (Nasdaq: OM), a medical technology company focused on revolutionizing dialysis technology, has scheduled its first quarter 2025 financial results announcement for Wednesday, May 7, 2025, 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, featuring Chair and CEO Leslie Trigg and CFO Nabeel Ahmed to discuss the financial and operating results. Interested participants can register online to receive dial-in details and a unique pin for the call.

A live and archived webcast will be available on the company's investor relations website.

Outset Medical (Nasdaq: OM) has announced a one-for-fifteen reverse stock split effective March 20, 2025. The medical technology company's common stock will continue trading under the OM symbol on Nasdaq with a new CUSIP number 690145206.

The reverse split, approved by stockholders on March 5, 2025, will reduce outstanding shares from approximately 265 million to 17 million. The split will not alter stockholders' ownership percentages, except for fractional shares which will be paid in cash. The number of authorized shares and par value per share remain unchanged.

The split will proportionally affect shares available under equity incentive plans, stock options, warrants, and restricted stock units. Equiniti Trust Company will manage the process, with registered stockholders' shares automatically converted to book-entry form. Stockholders with shares in 'street name' will have positions automatically adjusted through their brokers.

Outset Medical (Nasdaq: OM), a medical technology company focused on revolutionizing dialysis through cost and complexity reduction, has announced its participation in the 45th annual TD Cowen Health Care Conference. The company's management team is scheduled to present on Tuesday, March 4, 2025, at 2:30 p.m. Eastern time.

Interested parties can access both live and archived versions of the presentation through the company's investor relations website at investors.outsetmedical.com. This presentation represents an opportunity for investors and stakeholders to gain insights into Outset Medical's innovative dialysis technology and business strategies.

Outset Medical (Nasdaq: OM) reported Q4 and full-year 2024 financial results, exceeding prior guidance. Q4 net revenue reached $29.5 million, with full-year revenue at $113.7 million. The company achieved significant gross margin improvements, reaching 36.5% in Q4 (37.7% non-GAAP), up 11 percentage points year-over-year.

The Tablo installed base grew 10% in 2024 to nearly 6,000 consoles. Recurring revenue from Tablo consumables and services increased 21% to $83.9 million for the full year. The company's net loss improved to $128 million ($2.46 per share) in 2024, compared to $172.8 million in 2023.

Following a January 2025 financing, Outset's cash position strengthened to approximately $210 million. The company provided 2025 revenue guidance of $115-125 million with expected non-GAAP gross margins in the high-30% range, projecting to use less than $50 million cash in 2025.

Outset Medical (Nasdaq: OM) announced that the FDA has confirmed all issues cited in their July 2023 Warning Letter have been successfully addressed. The medical technology company, which focuses on reducing dialysis cost and complexity through innovative technology, views this resolution as a significant milestone.

Chair and CEO Leslie Trigg emphasized the company's commitment to innovation and better dialysis outcomes, highlighting that product quality and regulatory compliance are fundamental to their success.

Outset Medical (Nasdaq: OM), a medical technology company focused on dialysis innovation, has scheduled its fourth quarter and full-year 2024 financial results announcement for Wednesday, February 19, 2025, 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.

Chair and CEO Leslie Trigg and CFO Nabeel Ahmed will lead the discussion of 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.

Masimo (NASDAQ: MASI) has announced significant leadership changes effective February 12, 2025. Katie Szyman, currently worldwide president of Advanced Patient Monitoring at BD, has been appointed as the new CEO. Michelle Brennan, who served as Interim CEO, has been named Chairman of the Board, while Lead Independent Director Quentin Koffey becomes Vice Chairman.

Szyman brings over 35 years of experience, notably leading Edwards Lifesciences' Critical Care product group before its acquisition by BD in September 2024. Her appointment follows an extensive search process by Korn Ferry. The Board selected Szyman for her track record in accelerating revenue growth, experience in bringing new patient monitoring products to market, and success in leading industry talent.

The Board continues its previously announced strategic review of alternatives for both consumer audio and consumer healthcare businesses, with Centerview Partners and Morgan Stanley as financial advisors and Sullivan & Cromwell as legal advisor.

Outset Medical (Nasdaq: OM), a pioneering medical technology company focused on revolutionizing dialysis through cost and complexity reduction, has announced its participation in the 43rd Annual J.P. Morgan Healthcare Conference. Chair & CEO Leslie Trigg will deliver a presentation on Wednesday, January 15, 2025, at 8:15 a.m. Pacific time.

Interested parties can access both live and archived versions of the presentation through the company's investor relations website at investors.outsetmedical.com.