Outset Medical (NASDAQ:OM) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$27.4m (down 24% from 2Q 2023).

• Net loss: US$34.5m (loss narrowed by 22% from 2Q 2023).

• US$0.66 loss per share (improved from US$0.90 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Outset Medical Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 32%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 74% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 5 warning signs for Outset Medical (1 is concerning) you should be aware of.

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