Outset Medical Q3 revenue $30.4M (+9% YoY); net loss $46.2M; reiterates FY23 guidance ~$130M

Outset Medical, Inc.

2023-Q3 EPS reported -$2.72 revenue$99,869,000

Revenue $30.4M, +9% YoY; product rev $23.5M (+8.2%), service rev $6.8M (+13.4%).
GAAP gross margin 23.6% (vs 15.6% YoY); non-GAAP 25.6% (vs 16.4% YoY). Service margin dropped to 6.8% from 37%.
Net loss $46.2M ($0.93/share); non-GAAP net loss $35.3M ($0.71/share).
Cash $197M as of Sept 30; operating expenses $52.6M.
Reiterated 2023 revenue guidance ~$130M, gross margin low-20% for year, mid-20% in Q4.

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

Outset Medical, Inc. reported third quarter ended September 30, 2023 results: revenue Revenue for the third quarter was $30.4 million, net income Net loss was ($46.2) million, EPS ($0.93) per share. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: Revenue for the third quarter was $30.4 million
Net income: Net loss was ($46.2) million
EPS: ($0.93) per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

technology to reduce the cost and complexity of dialysis, today reported financial results for the third quarter ended September 30, 2023. Revenue for the third quarter was $30.4 million, a 9% increase over revenue of $27.8 million in the third quarter of 2022, and gross margin was 23.6%, or 25.6% on a non-GAAP basis, compared to 16.4% on a non-GAAP basis in the

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accession 0000950170-23-060250

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