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Dec 31, 2023
Omnicell Q4 2023 Earnings Report
Announced fiscal year and fourth quarter 2023 results, showing a decrease in revenue compared to the previous year, but an improvement in net loss.
Key Takeaways
Omnicell reported Q4 2023 GAAP revenues of $259 million, a 13% decrease from Q4 2022. The GAAP net loss was $14 million, an improvement from the $28 million net loss in the same quarter of the previous year. The company is undertaking a holistic review of its business to optimize investments and improve profitability.
Q4 GAAP revenues were $259 million, down 13% year-over-year.
Q4 GAAP net loss was $14 million, an improvement from the $28 million net loss in Q4 2022.
Q4 Non-GAAP net income was $15 million, or $0.33 per diluted share, for both 2023 and 2022.
The company expects full year 2024 total revenues to be between $1.045 billion and $1.120 billion.
Revenue by Segment
Forward Guidance
For the full year 2024, the Company expects bookings to be between $750 million and $875 million and total revenues to be between $1.045 billion and $1.120 billion.
Positive Outlook
- Full year 2024 total revenues to be between $1.045 billion and $1.120 billion.
- Full year 2024 product revenues to be between $605 million and $650 million.
- Full year 2024 service revenues to be between $440 million and $470 million.
- Full year 2024 technical services revenues to be between $220 million and $235 million.
- Full year 2024 Advanced Services Revenues to be between $220 million and $235 million.
Challenges Ahead
- The Company expects first quarter 2024 non-GAAP earnings per share to be between a net loss of ($0.10) and breakeven per share.
- Company expects full year 2024 non-GAAP EBITDA to be between $90 million and $120 million.
- The Company expects full year 2024 non-GAAP earnings per share to be between $0.90 and $1.40 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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