NASDAQ$OM

Outset Medical Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Headline financials

Total Revenue

$36M

Previous: $25.1M+43.8%
EPS (adj)

-$0.69

Previous: -$0.77+10.4%
Gross Margin

21.4%

No prior period
Non-GAAP Gross Margin

22.5%

No prior period
Capital Expenditures

-$1.61M

Previous: -$3.48M+53.8%
Free Cash Flow

-$45.7M

Previous: -$47.3M+3.5%
Net Income

-$44M

Previous: -$43.8M-0.5%
Operating Income

-$43.5M

Previous: -$43.7M+0.6%
Gross Profit

$7.7M

Previous: $3.78M+103.7%
Cash & Equivalents

$36.4M

Previous: $75.5M-51.8%
Total Assets

$334M

Previous: $401M-16.6%
Stock-Based Comp

$10.1M

Previous: $7.41M+36.3%

Revenue & EPS history

Outset Medical · Revenue · Quarterly

$36M

Q2 2023+43.8%vs Q2 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Outset Medical · $36M total across 2 segments · Q2 2023

  • Product Revenue
    $29.3M
  • Service and Other Revenue
    $6.71M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

-2.7%

Avg return

Earnings day

-4.8%

Avg return

5 days after

+0.5%

Avg return

30 days after

50%

12 / 24 earnings

Positive

+33.5%

Q1 2025

Best reaction

-69.6%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.2%-17.1%-2.3%
Q4 2025-16.3%-28.4%-28.3%
Q3 2025-48.6%-61.2%-64.5%
Q1 2025+33.5%+46.8%+78.3%
Q4 2024+2.1%-13.0%-28.7%
Q3 2024+23.7%+36.0%+91.4%
Q2 2024-69.6%-75.0%-86.1%
Q1 2024-13.7%-18.2%+18.7%
Q4 2023+1.8%+9.3%-40.6%
Q3 2023-13.6%-13.8%+33.7%
Q2 2023-14.6%-17.5%-31.8%
Q1 2023+8.3%+3.4%+15.4%
Q4 2022-6.5%-10.6%-30.5%
Q3 2022+20.2%+44.2%+82.5%
Q2 2022+21.8%+23.5%+18.4%
Q1 2022-13.2%-38.5%-39.5%
Q4 2021+9.5%+15.9%+22.6%
Q3 2021-0.1%-4.6%-22.9%
Q2 2021-2.5%-9.9%+21.1%
Q1 2020-5.6%-14.4%-16.7%
Q1 2021-9.1%-11.9%-17.6%
Q2 2020+6.0%+0.1%+12.2%
Q4 2020+12.5%+8.9%+18.4%
Q3 2020+5.5%+29.6%+8.4%
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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