Welcome to our dedicated page for Outset Medical news (Ticker: OM), a resource for investors and traders seeking the latest updates and insights on Outset Medical stock.
Outset Medical, Inc. develops and commercializes dialysis technology centered on the Tablo Hemodialysis System, an FDA-cleared platform used across hospital and home care settings. Company news commonly covers Tablo adoption, consumables and service revenue, product gross margin, cash use, and financial guidance tied to the company’s medical technology business.
Recurring updates also include FDA matters for the Tablo platform, including 510(k) clearance for a next-generation system with cybersecurity, reliability, and connectivity enhancements. Governance and compensation announcements include board changes, executive appointments, and inducement equity grants under Nasdaq rules.
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Outset Medical reported Q3 2021 net revenue of $26.3 million, a 91.3% increase from $13.8 million in Q3 2020. The gross margin improved to 11.2%, up from (37.3%) year-over-year. Full year 2021 revenue guidance was raised to $99 million to $101 million, indicating 98% to 102% growth over 2020. The company recorded a net loss of ($30.5 million), or ($0.65) per share, significantly better than the previous year’s loss. Cash stood at $406.4 million as of September 30, 2021.
Outset Medical, Inc. (Nasdaq: OM) announced management's participation in a fireside chat at the Stifel 2021 Virtual Health Care Conference on November 16, 2021, at 1:40 PM PT. The event will be available via a live and archived webcast on Outset's Investors section. Outset Medical is revolutionizing dialysis with the Tablo Hemodialysis System, making it easier and more cost-effective for patients and providers. This innovative technology enables dialysis to be administered anywhere, incorporating advanced data analytics and operational simplicity.
Outset Medical, Inc. (Nasdaq: OM) has received approval for its Tablo® Hemodialysis System from the Centers for Medicare & Medicaid Services for the Transitional Add-on Payment Adjustment for New and Innovative Equipment and Supplies (TPNIES). This approval aims to enhance home dialysis accessibility for patients with end-stage renal disease. Over the next two years, healthcare providers can receive supplemental reimbursements, promoting wider adoption of Tablo. The approval follows strong support from healthcare providers and patients, emphasizing the system’s ease of use and potential for better patient outcomes.
Outset Medical, Inc. (NASDAQ: OM) will release its third-quarter 2021 financial results after the market closes on November 3, 2021. A conference call hosted by CEO Leslie Trigg and CFO Nabeel Ahmed will take place at 2:00 PM PT to discuss these results. The Tablo® Hemodialysis System, which simplifies and reduces costs associated with dialysis, exemplifies Outset's innovation in improving patient care. The system enables dialysis to be provided anywhere with integrated technology for data analytics and water purification.
Outset Medical, Inc. (NASDAQ: OM) announced its participation in two virtual investor conferences. The 2021 Virtual Wells Fargo Healthcare Conference is scheduled for September 9, 2021 at 10:20 a.m. PT, while the Morgan Stanley 19th Annual Global Healthcare Conference will take place on September 13, 2021 at 2:00 p.m. PT. Outset's Tablo® Hemodialysis System simplifies dialysis and is FDA-cleared for use in various settings. Live webcasts will be accessible on the Outset website.
Outset Medical, Inc. (Nasdaq: OM) reported a significant financial performance in Q2 2021, with net revenue increasing by 115% to $25.2 million compared to Q2 2020. The company's gross margin improved to 4.2% from (40.6%). Product revenue also surged by 113% to $20.6 million. Operating expenses rose to $31.0 million, and the net loss for the quarter was ($30.2 million), or ($0.66) per share. Outset raised its full-year 2021 revenue guidance to a range of $97 million to $100 million, a projected growth of 94% to 100%.
Outset Medical, Inc. (Nasdaq: OM) has appointed Nabeel Ahmed as the permanent Chief Financial Officer, effective immediately. Ahmed has been serving as the Interim CFO since July 2021 and has been with Outset since May 2020. His diverse experience in finance roles positions him well to lead the company during a pivotal time. Outset is known for its innovative Tablo Hemodialysis System, designed to reduce the cost and complexity of dialysis, facilitating care at various settings.
Outset Medical, Inc. (Nasdaq: OM) will release its second-quarter 2021 financial results on August 5, 2021, after market close. CEO Leslie Trigg and Interim CFO Nabeel Ahmed will host a conference call at 2:00 PM PT (5:00 PM ET) on the same day to discuss the results. Outset Medical is known for its innovative Tablo Hemodialysis System, which simplifies dialysis by integrating water purification and on-demand dialysate production, offering a portable solution for patients and healthcare providers.
Outset Medical (Nasdaq: OM) announces the departure of CFO Rebecca Chambers effective July 16, 2021, with Nabeel Ahmed stepping in as Interim CFO. The company predicts Q2 2021 net revenue between $24.5M to $25.0M, marking a remarkable growth of 109% to 113% year-over-year. Leslie Trigg, CEO, expresses gratitude towards Chambers for her contributions and confidence in Ahmed’s capabilities, given his extensive finance experience. Outset’s technology aims to simplify dialysis, enhancing patient care and operational efficiency.