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Dec 31, 2022
Omnicell Q4 2022 Earnings Report
Reported results generally exceeding the revised outlook for Q4 and full year 2022, despite continued headwinds and macroeconomic uncertainty.
Key Takeaways
Omnicell's Q4 2022 results showed a decrease in both GAAP and non-GAAP revenues compared to Q4 2021, reflecting macroeconomic challenges and customer budget constraints. The company reported a GAAP net loss, contrasting with the previous year's net income, while non-GAAP net income also decreased.
Total GAAP revenues for the fourth quarter of 2022 were $298 million, down 4% from the fourth quarter of 2021.
GAAP net loss for the fourth quarter 2022 was $28 million, or $0.64 per diluted share, compared to GAAP net income of $14 million, or $0.28 per diluted share, for the fourth quarter of 2021.
Total non-GAAP revenues for the fourth quarter of 2022 were $298 million, down 4% from the fourth quarter of 2021.
Total non-GAAP net income for the fourth quarter of 2022 was $15 million, or $0.33 per diluted share, compared to non-GAAP net income of $44 million, or $0.92 per diluted share, for the fourth quarter of 2021.
Forward Guidance
For the full year 2023, the Company expects bookings to be between $1.000 billion and $1.100 billion. The Company expects full year 2023 total revenues to be between $1.150 billion and $1.190 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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