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Jun 30, 2023
Omnicell Q2 2023 Earnings Report
Announced second quarter 2023 results, reflecting sequential revenue and profit growth and exceeding previously disclosed guidance ranges for total product and service revenues, non-GAAP EBITDA, and non-GAAP earnings per share.
Key Takeaways
Omnicell's second quarter 2023 results showed a total GAAP revenue of $299 million, a decrease of 10% compared to the second quarter of 2022. The GAAP net income was $3 million, or $0.08 per diluted share, while the non-GAAP net income was $26 million, or $0.57 per diluted share.
Total GAAP revenues for the second quarter of 2023 were $299 million, down 10% from the second quarter of 2022.
Total GAAP net income for the second quarter of 2023 was $3 million, or $0.08 per diluted share.
Total non-GAAP net income for the second quarter of 2023 was $26 million, or $0.57 per diluted share.
Cash and cash equivalents totaled $399 million, with total assets of $2.19 billion as of June 30, 2023.
Revenue by Segment
Forward Guidance
For the third quarter of 2023, Omnicell expects total revenues to be between $290 million and $300 million, product revenues between $185 million and $190 million, and service revenues between $105 million and $110 million. The company anticipates non-GAAP EBITDA to be between $31 million and $37 million, and non-GAAP earnings per share to be between $0.42 and $0.52.
Positive Outlook
- Total revenues to be between $290 million and $300 million.
- Product revenues to be between $185 million and $190 million.
- Service revenues to be between $105 million and $110 million.
- Non-GAAP EBITDA to be between $31 million and $37 million.
- Non-GAAP earnings per share to be between $0.42 and $0.52.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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