Masimo Corp Stock Price, News & Analysis

Masimo (NASDAQ: MASI) reported Q3 2021 financial results, highlighting product revenue of $307.4 million, a growth of 10.5% from Q3 2020. GAAP net income reached $57.8 million, or $1.00 per diluted share, up from $49.4 million, or $0.85 per share in the previous year. The company maintained strong operational performance with GAAP operating margins of 22.0% and non-GAAP margins at 23.0%. For full-year 2021, Masimo revised its guidance to a total revenue of $1.230 billion, representing a projected growth of 7.5%.

Masimo (NASDAQ: MASI) presented findings at ANESTHESIOLOGY 2021, demonstrating the efficacy of its PVi® technology in managing fluid administration during major oncosurgery. Researchers from Rajiv Gandhi Cancer Institute found that patients guided by PVi received significantly less fluid and exhibited fewer B-lines, indicators of extravascular lung water (EVLW), without a decrease in postoperative oxygenation compared to those using conventional CVP methods. These results highlight PVi's potential for enhanced patient care in surgical settings.

Masimo (NASDAQ: MASI) will announce its third quarter 2021 financial results on October 26, 2021, after market close. The results will be discussed in a conference call scheduled for 1:30 p.m. PT (4:30 p.m. ET), featuring CEO Joe Kiani and CFO Micah Young. Masimo is a renowned medical technology company focused on noninvasive monitoring technologies aimed at improving patient outcomes and reducing costs. The company’s drive for innovation has made its technologies integral in leading hospitals globally.

Masimo's Patient SafetyNet™ is enhancing healthcare efficiency at University Hospitals in Cleveland by tackling nurse burnout and boosting workflows. Amid rising nursing turnover—with 80% of hospitals reporting increased rates—this innovative system significantly decreases the time between obtaining and documenting patient vital signs from over 60 minutes to less than 5 minutes, saving one FTE per shift. Clinical studies support the system's effectiveness in improving patient monitoring and outcomes, marking a pivotal step in addressing nursing shortages exacerbated by the COVID-19 pandemic.

Masimo (NASDAQ: MASI) announced a study published in the European Journal of Pediatrics, highlighting the effectiveness of its EMMA^® Portable Capnograph for monitoring mechanically ventilated preterm infants. Conducted by Dr. Masashi Hotta and colleagues in Japan, the study involved 40 neonates and found that 80% in the EMMA group maintained appropriate carbon dioxide levels compared to 42% in a control group. The research emphasizes EMMA's potential in neonatal care, although it currently lacks FDA clearance for neonates.

Masimo (NASDAQ: MASI) announced that its Founder and CEO, Joe Kiani, has been appointed by President Biden to the President’s Council of Advisors on Science and Technology (PCAST). This council aims to provide the President with scientific advice on various pressing issues, including public health and climate change. The PCAST comprises 30 diverse members with extensive expertise in science and technology. Kiani expressed enthusiasm about collaborating with this distinguished group to enhance healthcare and innovation.

Masimo (NASDAQ: MASI) announced the CE marking and launch of its innovative rainbow® SuperSensor™ in Europe, designed for single-patient use. This advanced sensor can monitor 12 physiological parameters noninvasively, including SpO₂, total hemoglobin, and respiration rate. The SuperSensor enhances continuous monitoring capabilities, allowing clinicians to assess patients' conditions more accurately. With proven effectiveness in improving patient outcomes, this technology aims to bolster patient safety and streamline care in critical settings.

Masimo (NASDAQ: MASI) will participate in the Morgan Stanley 19th Annual Global Healthcare Conference on September 9, 2021, at 4:15 p.m. ET. A live webcast will be available on the company's website, with a replay following the event. Masimo is a leader in medical technology, known for its innovative monitoring solutions including Masimo SET^® pulse oximetry, which has been validated in over 100 studies. The technology aims to enhance patient outcomes and minimize healthcare costs, with significant usage across major hospitals.

Masimo (NASDAQ: MASI) announced a study revealing that the Oxygen Reserve Index (ORi) may provide early warnings for hypoxemia during endotracheal intubation (ETI) in ICU patients. Conducted by researchers at Centre Hospitalier Universitaire in France, the study showed a median of 81 seconds between ORi decrease and oxygen saturation drop, allowing for preventive actions. The study concluded that a higher ORi during preoxygenation is independently protective against hypoxemia. However, ORi lacks FDA clearance in the U.S.