Welcome to our dedicated page for Resmed news (Ticker: RMD), a resource for investors and traders seeking the latest updates and insights on Resmed stock.
ResMed Inc. (NYSE: RMD, ASX: RMD) is a global leader in digital health and cloud-connected medical devices, focusing on innovative solutions that treat and prevent respiratory conditions like sleep apnea and COPD. By transforming patient care, ResMed empowers individuals to live healthier, higher-quality lives. Their diverse product portfolio includes flow generators, masks, and accessories designed to keep patients out of hospitals and manage chronic diseases effectively.
Operating in over 140 countries, ResMed’s cloud-connected medical devices provide data-driven insights used by patients, healthcare providers, and payers to deliver personalized and efficient healthcare. Their comprehensive out-of-hospital software platforms support professionals and caregivers, enhancing the quality of life and reducing healthcare costs. The company earns about two-thirds of its revenue from the Americas, with the remainder coming from Europe, Japan, and Australia.
In recent developments, ResMed successfully defended its intellectual property against a patent infringement claim by NYU, with the PTAB ruling in favor of ResMed on all challenged claims. This outcome underscores the company’s commitment to innovation, backed by over 9,500 issued or pending patents and designs.
ResMed also made headlines with a global field action to update guides for masks with magnets, ensuring user safety around medical implants. Their proactive approach and dedication to patient safety were evident as they addressed potential magnetic interference issues without necessitating a product recall.
Financially, ResMed continues to demonstrate strong growth. In the second quarter of fiscal year 2024, the company reported double-digit growth across its devices, masks, accessories, and residential care software businesses. This robust performance highlights ResMed’s strategic focus on expanding its product offerings and maintaining cost discipline.
ResMed's latest product launch, the AirCurve 11 series, further showcases their commitment to innovation. These bilevel PAP devices feature advanced digital technology to improve patient comfort and compliance, addressing challenges in CPAP therapy adaptation.
Continuing its leadership in respiratory care, ResMed actively participates in significant industry conferences such as the American Thoracic Society International Conference and SLEEP 2024, presenting crucial research on sleep disorders and their impact on health. This research supports the effectiveness of PAP therapy in reducing mortality and improving patient outcomes, solidifying ResMed’s role as a pioneer in the field.
With a clear focus on enhancing patient care through technology and innovation, ResMed is well-positioned to lead the expansion of sleep and respiratory health.
ResMed has launched AirSense 11, a next-generation PAP device aimed at enhancing sleep apnea therapy. First available in the U.S., this device features a Personal Therapy Assistant and Care Check-In tools via the myAir app, improving patient engagement and adherence. The device is designed for user comfort with a sleek design and intuitive interface. Patient adherence is reported at 87%. AirSense 11 is compatible with all ResMed masks and offers remote upgrades for its software, reinforcing its commitment to digital health.
ResMed (NYSE: RMD) reported a strong fourth quarter for fiscal 2021, with revenue rising 14% to $876.1 million. Operating profit increased 8%, while non-GAAP operating profit rose 7%. Full-year revenue also grew 8% to $3.2 billion, with non-GAAP diluted EPS at $5.33. The gross margin contracted, mainly due to a shift in product mix. An 8% dividend increase to $0.42 per share was announced. CEO Mick Farrell highlighted recovery in core sleep apnea and COPD patient flow despite challenges from prior COVID-19 ventilator sales. A virtual Investor Day is scheduled for September 8, 2021.
ResMed (NYSE: RMD) will release its fourth quarter fiscal year 2021 financial results on August 5, 2021, after NYSE closure. A webcast to discuss these results will follow, providing essential insights into the company's performance and future outlook. The event starts at 1:30 p.m. PDT / 4:30 p.m. EDT. Interested parties can access the details via ResMed's investor page. A replay will be available shortly after the session, continuing until August 19, 2021.
ResMed (NYSE: RMD) announced that Rob Douglas, president and COO, will participate in a virtual fireside chat at the Goldman Sachs 42nd Annual Global Healthcare Conference on June 8, 2021, at 1:20 p.m. EDT. The chat will be available via a live video webcast, with a replay accessible approximately 12 hours after the event, remaining available until June 8, 2022. ResMed focuses on innovative health solutions for chronic diseases, aiming to improve quality of life and lower healthcare costs globally.
ResMed (NYSE: RMD) announced that Rob Douglas, president and COO, will participate in a virtual fireside chat at the William Blair 41st Annual Growth Stock Conference on June 1, 2021, at 1:20 p.m. CDT. The event will be accessible via video webcast, with a replay available approximately 24 hours after the event and lasting until July 1, 2021. ResMed focuses on innovative solutions for chronic diseases, helping improve patient quality of life and reduce healthcare costs worldwide.
ResMed (NYSE: RMD) reported its third-quarter fiscal 2021 results, revealing a 3% year-over-year increase in net operating profit but a non-GAAP revenue drop to $768.8 million, down 3% on a constant currency basis. The GAAP diluted EPS was $(0.54), compared to $1.12 last year, primarily due to a $255 million reserve related to tax disputes. Non-GAAP diluted EPS rose by 1% to $1.30. Additionally, operational cash flow was $196.3 million, and a quarterly cash dividend of $0.39 per share was declared.
ResMed (NYSE: RMD) announced that CFO Brett Sandercock will present virtually at the Macquarie Australia Conference on May 5, 2021, at 8:45 a.m. AEST. This event will be accessible via video webcast, with a replay available for Macquarie clients 24 hours post-event until May 26, 2021. ResMed is known for its innovative digital health technologies and cloud-connected devices aimed at improving care for chronic diseases like sleep apnea and COPD, effectively transforming healthcare delivery worldwide.
ResMed plans to release its third-quarter fiscal year 2021 financial results on April 29, 2021, post-market closure. The earnings call will be hosted by management at 1:30 p.m. PDT (4:30 p.m. EDT) with an international audience included. A webcast link for the earnings results is provided for stakeholders. A replay of the webcast will be available shortly after, with a phone replay accessible until May 13, 2021. ResMed is committed to providing innovative healthcare solutions for chronic diseases worldwide, with operations in over 140 countries.
ResMed (NYSE: RMD) has announced that Rob Douglas, president and COO, and Brett Sandercock, CFO, will participate in a virtual fireside chat at the KeyBanc Capital Markets' Life Sciences & MedTech Investor Forum on March 23, 2021, at 4:15 p.m. EDT. The event will be accessible via a video webcast. A replay will be available one hour post-event until June 21, 2021. ResMed focuses on innovative solutions to treat chronic diseases, providing digital health technologies and cloud-connected medical devices that enhance the quality of life for patients globally.
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