Omnicell Inc. · Q2 2022 earnings

Briefing

Announced financial results, reflecting an impact from the ransomware incident, but reaffirmed full year 2022 outlook.

Omnicell reported a solid performance in Q2 2022, with GAAP revenues of $331 million and non-GAAP revenues of $332 million, despite a modest impact from a ransomware incident. The company reaffirmed its full-year 2022 guidance for product bookings, total GAAP and non-GAAP revenues, non-GAAP EPS, and non-GAAP EBITDA.

• Delivered a solid performance in the second quarter and continue to see strength in overall business.
• Reaffirmed full year 2022 guidance for Product Bookings, Total GAAP and non-GAAP Revenues, Non-GAAP EPS, and Non-GAAP EBITDA.
• Ransomware incident modestly impacted second quarter results.
• Confident in full year 2022 outlook given the demand expected for products and services in the second half of the year.

Headline financials

Revenue & EPS history

For the third quarter of 2022, Omnicell expects total GAAP and non-GAAP revenues to be between $360 million and $366 million. The company expects third quarter 2022 GAAP and non-GAAP product revenues to be between $261 million and $264 million, and third quarter 2022 GAAP and non-GAAP service revenues to be between $99 million and $102 million. The Company expects third quarter 2022 non-GAAP EBITDA to be between $60 million and $64 million. The Company expects third quarter 2022 non-GAAP earnings to be between $0.93 and $1.00 per share.