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Sep 30, 2024
Omnicell Q3 2024 Earnings Report
Delivered solid third quarter financial results.
Key Takeaways
Omnicell announced its Q3 2024 results, with total revenues of $282 million. GAAP net income per diluted share was $0.19, and non-GAAP net income per diluted share was $0.56. The company raised its 2024 non-GAAP EBITDA and non-GAAP earnings per share guidance.
Total revenues for the third quarter of 2024 were $282 million, a decrease of 5% compared to the third quarter of 2023.
GAAP net income for the third quarter of 2024 was $9 million, or $0.19 per diluted share, compared to $6 million, or $0.12 per diluted share, for the third quarter of 2023.
Non-GAAP net income for the third quarter of 2024 was $26 million, or $0.56 per diluted share, compared to $28 million, or $0.62 per diluted share, for the third quarter of 2023.
Cash and cash equivalents as of September 30, 2024, were $571 million, with total assets of $2.3 billion.
Revenue by Segment
Forward Guidance
The Company expects for the fourth quarter of 2024, total revenues to be between $295 million and $305 million, product revenues to be between $177 million and $182 million, service revenues to be between $118 million and $123 million, non-GAAP EBITDA to be between $40 million and $45 million, and non-GAAP earnings per share to be between $0.55 and $0.62.
Positive Outlook
- Total revenues to be between $295 million and $305 million
- Product Revenues to be between $177 million and $182 million
- Service Revenues to be between $118 million and $123 million
- Non-GAAP EBITDA to be between $40 million and $45 million
- Non-GAAP Earnings Per Share to be between $0.55 and $0.62
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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