Outset Medical Q2 revenue up 115% to $25.2M; raises FY2021 guidance to $97-100M; names Nabeel Ahmed permanent CFO

Outset Medical, Inc.

2022-Q2 EPS reported -$1.36 revenue$48,132,000

Revenue $25.2M, +115% YoY; product revenue $20.6M (+113%).
Gross margin improved to 4.2% from (40.6%) in prior year; product gross margin (7.0%) vs (57.7%).
Full-year 2021 revenue guidance raised to $97-100M from $92-97M, representing ~94-100% YoY growth.
Net loss of ($30.2M) or ($0.66) per share; non-GAAP net loss ($26.3M) or ($0.57) per share.
Nabeel Ahmed appointed permanent CFO effective July 30, 2021; salary increased to $385K and equity awards granted.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Role change

Nabeel Ahmed

Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer

OM · Outset Medical, Inc.

Effective: 2021-07-30
Filed: August 5, 2021, 7:59 PM ET

On August 5, 2021, the Company announced the Board of Director’s approval of Mr. Ahmed’s transition to the permanent role of Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer, effective July 30, 2021

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Nabeel Ahmed was appointed as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer at Outset Medical, Inc..

Action: appointed
Role: Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer

Exact text from the filing

On August 5, 2021, the Company announced the Board of Director’s approval of Mr. Ahmed’s transition to the permanent role of Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer, effective July 30, 2021

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Outset Medical, Inc. filing history →

Source: SEC EDGAR

accession 0001564590-21-041598

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