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Outset Medical Inc   (OM)
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Price: $2.0000 $-0.17 -7.834%
Day's High: $2.18 Week Perf: -17.7 %
Day's Low: $ 1.98 30 Day Perf: -43.66 %
Volume (M): 1,157 52 Wk High: $ 24.13
Volume (M$): $ 2,314 52 Wk Avg: $11.86
Open: $2.17 52 Wk Low: $1.98



 Market Capitalization (Millions $) 99
 Shares Outstanding (Millions) 50
 Employees 500
 Revenues (TTM) (Millions $) 131
 Net Income (TTM) (Millions $) -176
 Cash Flow (TTM) (Millions $) -58
 Capital Exp. (TTM) (Millions $) 5

Outset Medical Inc
Outset Medical Inc. is a pioneering medical technology company that offers innovative solutions for the delivery of hemodialysis treatment. The company was founded in 2003 by Leslie Trigg, who was inspired to create a better experience for hemodialysis patients after witnessing her fatheres struggles with the treatment.

Outset Medicales flagship product is the Tablo Hemodialysis System, which streamlines the hemodialysis process by integrating multiple functions that are typically performed by separate machines. Tablo consists of a small, mobile machine that can be used in hospitals, clinics, and patientse homes. The system can automatically monitor and adjust dialysis parameters, and it can also generate real-time diagnostic information that can help providers make more informed decisions about patient care.

Tablo is designed to be easy to use, and it features a touch-screen interface that guides patients and providers through the treatment process. In addition, Tablo is designed to minimize the use of consumables, reduce water usage, and lower treatment costs.

Outset Medical has received significant recognition for its innovative technology. In 2021, the company was named one of Fast Companyes Most Innovative Companies in the Biotech category. In addition, the Tablo Hemodialysis System has received FDA clearance and is currently used in clinics across the United States.

The company has also attracted significant investment, raising $277 million in a Series D funding round in 2020. Outset Medical is headquartered in San Jose, California, and has additional offices in Minnesota and Georgia. The company has a team of over 400 employees and is continuing to grow as they expand their offerings and bring better medical solutions to the industry.


   Company Address: 3052 Orchard Dr. San Jose 95134 CA
   Company Phone Number: 231-8200   Stock Exchange / Ticker: NASDAQ OM
   


   

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Outset Medical Inc

Outset Medical Inc. Demonstrates Remarkable Resilience with Strong Performance in Q3 2023



Outset Medical Inc, a prominent player in the Medical Equipment & Supplies industry, recently released its financial results for the third quarter of 2023. While the results present a complex picture of the company's performance, understanding their implications can shed light on how Outset Medical Inc might navigate future challenges and capitalize on growth opportunities.
Shortfall Per Share and Revenue Growth:
The most significant aspect of the financial results is the increase in the company's shortfall per share compared to the previous year, with a difference of $0.08 ($-0.93 per share in Q3 2023 vs. $-0.85 per share in Q3 2022). Additionally, compared to the previous quarter, the shortfall per share increased by $0.03 ($-0.90 per share in Q3 2023 vs. $-0.87 per share in Q2 2023).
On the revenue front, Outset Medical Inc experienced a notable 8.631% increase in revenue, generating $30.16 million in Q3 2023 compared to $27.76 million in Q3 2022. However, revenue sequentially declined by -15.534% from $35.70 million in Q2 2023. These figures highlight the company's ability to generate consistent growth, albeit with a temporary setback during the reported quarter.

Outset Medical Inc

Outset Medical Inc Reports Unprecedented Surge in Revenue Despite Financial Loss in Q2 2023



The latest financial report of Outset Medical Inc (OM) unveils concerning figures that have left investors alarmed. Despite a notable surge in revenue, the company still managed to incur a substantial loss per share. Moreover, various key indicators such as inventories and accounts receivable paint a bleak picture of declining demand. These factors, coupled with the recent significant decline in stock value, raise serious doubts about the future prospects of Outset Medical Inc.
Financial Performance:
Over the course of the recent quarter ending on June 30, 2023, OM witnessed revenue growth of 42.487% to reach $35.70 million. However, even with this increase, the company suffered a net loss of $-0.90 per share. Comparatively, during the same period in the previous year, OM had reported a revenue of $33.47 million and a loss of $-0.90 per share. These recurring losses are indicative of serious underlying issues within the company's financial structure.

Outset Medical Inc

Outset Medical Inc witnesses widening deficit despite revenue rise in fiscal Q1 2023

Investors have been eagerly awaiting the financial results from Outset Medical Inc for the fiscal first quarter of 2023. The latest report has shown a concerning trend with the company's shortfall per share widening to $-0.90 from $-0.78 year on year. However, there was some positive news with revenue rising by 9.548% to $33.47 million.
It is worth noting that in comparison to the last reporting period, the shortfall grew from $-0.81 per share and revenue grew by 4.562% from $32.01 million. There seems to be a mixed bag of results for the company.






 

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