secwatch.observer — SEC 8-K summary
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Issuer:     OMNICELL, INC. (OMCL)
CIK:        0000926326
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001104659-23-113604
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Omnicell Q3 rev $299M (-14% YoY); non-GAAP EPS $0.62; cuts FY23 guidance; plans 7% RIF
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- GAAP revenue $299M (-14% YoY); net income $6M ($0.12 diluted) vs $17M ($0.37) in Q3 2022.
- Non-GAAP net income $28M ($0.62 diluted) vs $45M ($1.00) in Q3 2022; non-GAAP EBITDA $41M vs $61M.
- Full year 2023 guidance cut: total revenue $1.135B-$1.155B; non-GAAP EPS $1.65-$1.80; Q4 rev $247M-$267M.
- Headcount reduction of >230 employees (~7% of workforce); expects $12M-$18M restructuring charges.
- Annualized cost savings of $45M-$55M, ~75% in operating expenses; majority realized starting Q1 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926326/000110465923113604/0001104659-23-113604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926326/000110465923113604/tm2329352d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-113604

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