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Jun 30, 2020
Omnicell Q2 2020 Earnings Report
Reported second quarter 2020 results with GAAP revenues of $199.6 million and net loss per diluted share of $0.10.
Key Takeaways
Omnicell reported a decrease in GAAP revenues to $199.6 million, a net loss of $4.3 million, or $0.10 per diluted share, for the second quarter of 2020. The company is navigating challenges related to the COVID-19 pandemic but sees positive indicators for future growth.
GAAP revenues for the second quarter of 2020 were $199.6 million, down 8.2% from the second quarter of 2019.
Second quarter 2020 GAAP net loss was $4.3 million, or $0.10 per diluted share, compared to GAAP net income of $16.0 million, or $0.37 per diluted share, for the second quarter of 2019.
Non-GAAP net income for the second quarter of 2020 was $15.9 million, or $0.37 per diluted share, compared to non-GAAP net income of $28.7 million, or $0.67 per diluted share, for the second quarter of 2019.
The company expects product bookings and revenues will increase sequentially through the third and fourth quarters of 2020.
Revenue by Segment
Forward Guidance
For the third quarter of 2020, Omnicell expects non-GAAP total revenues to be between $204 million and $212 million and non-GAAP earnings to be between $0.44 and $0.52 per share.
Positive Outlook
- Non-GAAP total revenues to be between $204 million and $212 million.
- Non-GAAP product revenues to be between $143 million and $149 million.
- Non-GAAP service revenues to be between $61 million and $63 million.
- Third quarter 2020 non-GAAP earnings to be between $0.44 and $0.52 per share.
- Expects product bookings and revenues will increase sequentially through the third and fourth quarters of 2020.
Challenges Ahead
- COVID-19 pandemic causes uncertainty.
- Uncertain scope, duration, and impact of the pandemic.
- Uncertain timing of global recovery and economic normalization.
- Previously issued full year 2020 financial guidance was withdrawn.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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