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Mar 31, 2022
Omnicell Q1 2022 Earnings Report
Announced strong financial results with GAAP and non-GAAP revenues of $319 million, and launched innovative IVX Station robotic compounding technology.
Key Takeaways
Omnicell reported a strong start to 2022 with GAAP and non-GAAP revenues of $319 million. The company's GAAP net income per diluted share was $0.17, while non-GAAP net income per diluted share was $0.83. Omnicell also launched IVX Station, an innovative robotic compounding technology.
Total GAAP revenues for the first quarter of 2022 were $319 million, up 27% from the first quarter of 2021.
GAAP net income for the first quarter of 2022 was $8 million, or $0.17 per diluted share.
Total non-GAAP revenues for the first quarter of 2022 were $319 million, up 27% from the first quarter of 2021.
Non-GAAP net income for the first quarter of 2022 was $38 million, or $0.83 per diluted share.
Revenue by Segment
Forward Guidance
For the full year 2022, the Company expects total GAAP and non-GAAP revenues to be between $1.385 billion and $1.410 billion. For the second quarter of 2022, the Company expects total GAAP and non-GAAP revenues to be between $337 million and $343 million.
Positive Outlook
- Full year 2022 product bookings are expected to be between $1.370 billion and $1.430 billion.
- Full year 2022 total GAAP and non-GAAP revenues are expected to be between $1.385 billion and $1.410 billion.
- Full year 2022 GAAP and non-GAAP product revenues are expected to be between $975 million and $990 million.
- Full year 2022 GAAP and non-GAAP service revenues are expected to be between $410 million and $420 million.
- Full year 2022 non-GAAP EBITDA is expected to be between $243 million and $255 million.
Challenges Ahead
- Second quarter 2022 total GAAP and non-GAAP revenues are expected to be between $337 million and $343 million.
- Second quarter 2022 GAAP and non-GAAP product revenues are expected to be between $241 million and $244 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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