Omnicell Q1 2023 revenue down 9% YoY to $291M, GAAP net loss of $0.33 per share

OMNICELL, INC.

2023-Q1 EPS reported -$0.33 revenue$290,629,000

Total GAAP revenues $291M (-9% YoY); GAAP net loss $15M ($0.33 loss per share) vs net income $8M ($0.17) prior year.
Non-GAAP net income $17M ($0.39 per share) vs $38M ($0.83) in Q1 2022; non-GAAP EBITDA $27M vs $50M.
Cash and equivalents $340M; total debt $567M; operating cash flow $13M vs -$16M prior year.
Full-year 2023 guidance unchanged: revenue $1.15B-$1.19B, non-GAAP EPS $1.55-$1.80 per share.
Q2 2023 guidance: revenue $278M-$288M, non-GAAP EPS $0.25-$0.35.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OMNICELL, INC. reported the first quarter ended March 31, 2023 results: revenue $291 million, net income $15 million, EPS $0.33 per diluted share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $291 million
Net income: $15 million
EPS: $0.33 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Total GAAP revenues for the first quarter of 2023 were $291 million, down $28 million, or 9%, from the first quarter of 2022. The year-over-year decrease in total GAAP revenues reflects lower point-of-care revenues as a result of ongoing health systems capital budget constraints. Total GAAP net loss for the first quarter of 2023 was $15 million, or $0.33 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OMNICELL, INC. reported the full year 2023 results: revenue between $1.150 billion and $1.190 billion, EPS between $1.55 and $1.80 per share. Guidance reaffirmed.

Period: the full year 2023
Revenue: between $1.150 billion and $1.190 billion
EPS: between $1.55 and $1.80 per share
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The Company’s full year 2023 guidance is unchanged. For the full year 2023, the Company expects bookings to be between $1.000 billion and $1.100 billion. The Company expects full year 2023 total revenues to be between $1.150 billion and $1.190 billion. The Company expects full year 2023 product revenues to be between $740 million and $760 million, and full year 2023 service revenues to be between $410 million and $430 million. The Company expects full year 2023 technical services revenues to be between $210 million and $220 million, and full year 2023 Advanced Services revenues to be between $200 million and $210 million. The Company expects full year 2023 non-GAAP EBITDA to be between $120 million and $135 million. The Company expects full year 2023 non-GAAP earnings per share to be between $1.55 and $1.80 per share.

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Source: SEC EDGAR

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