NASDAQ$OMCL

Omnicell Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Omnicell's third quarter performance in 2022 was affected by headwinds in point of care products, driven by health system capital budget freezes and customer labor availability challenges.

Omnicell's Q3 2022 GAAP revenues reached $348 million, a 17% increase from Q3 2021. GAAP net income was $17 million, or $0.37 per diluted share, compared to $29 million, or $0.61 per diluted share, in Q3 2021. The company experienced headwinds in point of care products due to capital budget freezes and labor challenges, but saw strong demand for Advanced Services and a record number of Central Pharmacy Dispensing Systems installations.

  • GAAP and non-GAAP revenues of $348 million.
  • GAAP net income per diluted share of $0.37.
  • Non-GAAP net income per diluted share of $1.00.
  • Experienced headwinds in point of care products due to health system capital budget freezes and customer labor availability challenges.

Headline financials

Total Revenue

$348M

Previous: $296M+17.4%
EPS (adj)

$1.00

Previous: $1.08-7.4%
Capital Expenditures

-$33.9M

Previous: -$17.9M-89.3%
Free Cash Flow

-$17.1M

Previous: $11.4M-249.6%
Net Income

$16.8M

Previous: $29.3M-42.8%
Operating Income

$18.5M

Previous: $29.4M-37.2%
Gross Profit

$159M

Previous: $147M+8.4%
Cash & Equivalents

$266M

Previous: $482M-44.7%
Total Assets

$2.18B

Previous: $2.05B+6.2%
Stock-Based Comp

$17.3M

Previous: $13.7M+26.7%

Revenue & EPS history

Omnicell · Revenue · Quarterly

$348M

Q3 2022+17.4%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Omnicell · $247M total across 1 segment · Q3 2022

  • Product revenues
    $247M+15.2%

Forward guidance

For Q4 2022, Omnicell expects total GAAP and non-GAAP revenues between $285 million and $295 million, GAAP and non-GAAP product revenues between $183 million and $188 million, GAAP and non-GAAP service revenues between $102 million and $107 million, non-GAAP EBITDA between $10 million and $16 million, and non-GAAP earnings between $0.05 and $0.15 per share.

Tailwinds

  • Total GAAP and Non-GAAP Revenues between $285 million and $295 million
  • GAAP and Non-GAAP Product Revenues between $183 million and $188 million
  • GAAP and Non-GAAP Service Revenues between $102 million and $107 million

Headwinds

  • Non-GAAP EBITDA between $10 million and $16 million
  • Non-GAAP Earnings Per Share between $0.05 and $0.15
  • Guidance adjusted to include anticipated contributions and integration costs of recent acquisitions
  • Guidance adjusted to include the anticipated effects of the current inflationary environment
  • Guidance adjusted to include expected impact of current macro-economic headwinds

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 Q3 2022

Historical avgQ3 2022

+0.7%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+4.7%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+34.3%

Q2 2024

Best reaction

-29.4%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+13.7%+18.8%
Q4 2025-16.3%-16.5%-11.5%
Q3 2025+13.4%+16.7%+23.5%
Q1 2025-16.0%-15.4%+1.2%
Q4 2024-11.2%-7.1%-16.7%
Q3 2024+21.2%+20.9%+16.1%
Q2 2024+34.3%+41.6%+52.3%
Q1 2024+10.9%+11.5%+19.9%
Q4 2023-15.6%-11.9%-12.0%
Q3 2023-14.9%-13.9%-5.5%
Q2 2023+2.3%+2.9%-10.0%
Q1 2023+8.9%+7.1%+18.6%
Q4 2022+7.9%+6.6%+6.4%
Q3 2022-29.4%-35.9%-33.4%
Q2 2022-2.1%-5.6%-10.6%
Q1 2022+1.2%+5.9%+4.7%
Q4 2021-9.6%-18.4%-11.5%
Q3 2021+2.2%+1.6%+1.5%
Q2 2021-1.1%+0.4%+7.1%
Q1 2021+1.8%-1.5%-2.4%
Q4 2020+7.0%+8.9%+6.5%
Q3 2020+2.3%+2.9%+27.0%
Q2 2020+9.1%+5.5%+2.7%
Q1 2020-6.1%-12.3%-0.5%
Q4 2019-1.4%+2.3%-4.5%
Q3 2019-3.7%-1.9%+7.4%
Q2 2019+6.7%+5.4%+0.6%
Q1 2019+0.7%+3.8%+4.7%
Q4 2018+17.9%+21.0%+28.0%
Q3 2018+6.1%+15.2%+18.8%
Q2 2018+13.7%+13.0%+29.5%
Q1 2018+1.6%-0.1%+5.3%
Q4 2017-6.2%-9.8%-12.9%
Q3 2017-6.4%-8.2%-7.6%
Q2 2017+12.5%+16.3%+12.1%
Q1 2017-3.2%-1.7%+0.0%
Q4 2016-0.7%+1.0%+4.5%
Q3 2016-6.3%-6.8%+3.2%
Q2 2016+6.8%+4.7%+3.4%
Q1 2016+3.9%
Q4 2015-1.0%
Q3 2015-10.5%
Q2 2015-8.8%
Q1 2015-2.6%
Q4 2014+5.3%
Q3 2014+9.7%
Q2 2014-3.9%
Q1 2014+0.4%
Q4 2013+8.9%
Q3 2013-1.4%
Q2 2013+8.7%
Q1 2013+7.6%
Q3 2010-1.3%
Q4 2012+13.4%
Q3 2012+12.2%
Q2 2012+0.9%
Q1 2011-0.3%
Q1 2012+4.8%
Q4 2011+2.6%
Q4 2009+2.6%
Q3 2011-0.7%
Q2 2010-16.9%
Q2 2011-16.9%
Q4 2010-16.9%
Q1 2010+7.0%

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