8-K
filed February 28, 2023, 6:59 PM ET
ticker OMCL
CIK 0000926326
earnings
confidence high
sentiment negative
materiality 0.85
OMNICELL, INC. (OMCL): restructuring charge — Omnicell Q4 GAAP loss $0.64; FY2022 revenue up 14%; CFO to step down; cuts 60 jobs
OMNICELL, INC.
2022-FY EPS reported
$0.12
revenue$1,295,947,000
- Q4 GAAP net loss $28M ($0.64 loss per share) vs net income $14M ($0.28) in Q4 2021; FY2022 GAAP net income $6M ($0.12) vs $78M ($1.62) in 2021.
- FY2022 total revenues $1.296B (+14% YoY); bookings $1.054B (-13% YoY); backlog $1.215B.
- CFO Peter Kuipers to step down effective July 1, 2023; company searching for successor.
- Additional restructuring: 60 employees cut, real estate reduction, $13M additional charges; total plan charges $30.5M; expects $50M annualized savings.
- FY2023 guidance: revenues $1.15B-$1.19B, non-GAAP EPS $1.55-$1.80, non-GAAP EBITDA $120M-$135M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.4
OMNICELL, INC. reported financial results for the fiscal year and fourth quarter ended December 31, 2022.
- Period
- the fiscal year and fourth quarter ended December 31, 2022
- Result
- reported results
Exact text from the filing
On February 28, 2023, Omnicell, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Peter J. Kuipers departed as Executive Vice President, Chief Financial Officer at OMNICELL, INC..
- Action
- stepped down
- Role
- Executive Vice President, Chief Financial Officer
Exact text from the filing
Peter J. Kuipers will step down from his role as Executive Vice President, Chief Financial Officer, effective July 1, 2023.
View on SEC.gov
Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.95
OMNICELL, INC. announced a restructuring with charges of approximately $7.0 million of non-cash charges related to the office closures, which the company expects to incur by the end of the second quarter of fiscal 202 affecting real estate footprint.
- Type
- restructuring
- Charge
- approximately $7.0 million of non-cash charges related to the office closures, which the company expects to incur by the end of the second quarter of fiscal 202
- Affected area
- real estate footprint
Exact text from the filing
$17.5 million of charges in the quarter ended December 31, 2022 and expects to incur $6.0 million of charges in the quarter ended March 31, 2023 , and (ii) approximately $7.0 million of non-cash charges related to the office closures, which the company expects to incur by the end of the second quarter of fiscal 2023 consisting primarily of impairment of
View on SEC.gov
Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.95
OMNICELL, INC. announced a restructuring with charges of additional incremental nonrecurring restructuring and related charges of approximately $13.0 million in 2023 affecting across many of its functions (approximately 60 additional employees).
- Type
- restructuring
- Charge
- additional incremental nonrecurring restructuring and related charges of approximately $13.0 million in 2023
- Affected area
- across many of its functions
- Headcount
- approximately 60 additional employees
Exact text from the filing
As a result of continued exploration of expense containment measures, on February 28, 2023, the Company committed to further reduce its headcount, as part of the Plan.
View on SEC.gov
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