Outset Medical reports Q4 2022 expected revenue ~$31.5M; guides FY2023 revenue $140-150M

Outset Medical, Inc.

2022-FY EPS reported -$3.38 revenue$115,375,000

Q4 2022 expected revenue ~$31.5M (+13% QoQ); FY2022 expected revenue ~$115M (+12% YoY).
Installed base of Tablo systems grew 54% YoY to ~4,000; home provider units doubled to ~800.
FY2022 non-GAAP gross margin expected in mid-teens; FY2023 guidance: ~20% full year, mid-20% exit Q4.
2023 revenue guidance $140M-$150M (22-30% growth over 2022 expected revenue).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Outset Medical, Inc. updated its 2023 guidance (initiated).

Period: 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

Outset expects 2023 revenue to be between $140 million to $150 million, growing approximately 22% to 30% over expected revenue for 2022. Non-GAAP gross margin is expected to expand to approximately 20% for the full year 2023 and exit the year in the mid-20% range for the fourth quarter of 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Outset Medical, Inc. reported the fourth quarter and fiscal year ended December 31, 2022 results: revenue approximately $31.5 million.

Period: the fourth quarter and fiscal year ended December 31, 2022
Revenue: approximately $31.5 million
Result: preliminary results

Exact text from the filing

revenue for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter and Year End Highlights • Revenue in the fourth quarter is expected to be approximately $31.5 million, a 13% increase compared to $27.8 million in the third quarter of 2022 • Revenue for 2022 is expected to be approximately $115 million, a 12% increase compared to $102.6 million

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Source: SEC EDGAR

accession 0000950170-23-000462

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