NASDAQ$OMCL

Omnicell Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record bookings, revenues, and non-GAAP EBITDA, supported by customer demand.

Omnicell reported a 25% increase in GAAP revenues for Q4 2021, reaching $311.0 million, driven by strong demand for medication management and adherence automation solutions, as well as contributions from the acquisition of RxInnovation Inc., operating as FDS Amplicare. GAAP net income for the quarter was $14.0 million, or $0.28 per diluted share. The company achieved record bookings, revenues, and non-GAAP EBITDA in 2021.

  • Total GAAP revenues for the fourth quarter of 2021 were $311.0 million, up 25% from the fourth quarter of 2020.
  • GAAP net income for the fourth quarter 2021 was $14.0 million, or $0.28 per diluted share.
  • Total non-GAAP revenues for the fourth quarter of 2021 were $311.7 million, up 25% from the fourth quarter of 2020.
  • Non-GAAP net income for the fourth quarter of 2021 was $43.5 million, or $0.92 per diluted share.

Headline financials

Total Revenue

$311M

Previous: $249M+24.8%
EPS (adj)

$0.92

Previous: $0.91+1.1%
Non-GAAP EBITDA

$52M

No prior period
Capital Expenditures

$11.1M

Previous: $5.58M+98.6%
Free Cash Flow

$48.6M

Previous: $70.9M-31.5%
Net Income

$14M

Previous: $16.4M-14.6%
Operating Income

$11.6M

Previous: $20.2M-42.7%
Gross Profit

$149M

Previous: $124M+20.7%
Cash & Equivalents

$349M

Previous: $486M-28.2%
Total Assets

$2.14B

Previous: $1.82B+17.4%
Stock-Based Comp

$14.7M

Previous: $11.7M+25.9%

Revenue & EPS history

Omnicell · Revenue · Quarterly

$311M

Q4 2021+24.8%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Omnicell · $224M total across 1 segment · Q4 2021

  • Product revenues
    $224M+27.2%

Forward guidance

For the full year 2022, the Company expects total GAAP and non-GAAP revenues to be between $1.385 billion and $1.410 billion. For the first quarter of 2022, the Company expects total GAAP and non-GAAP revenues to be between $312 million and $318 million.

Tailwinds

  • Full year 2022 product bookings to be between $1.370 billion and $1.430 billion.
  • Full year 2022 total GAAP and non-GAAP revenues to be between $1.385 billion and $1.410 billion.
  • Full year 2022 GAAP and non-GAAP product revenues to be between $950 million and $965 million.
  • Full year 2022 GAAP and non-GAAP service revenues to be between $435 million and $445 million.
  • Full year 2022 non-GAAP EBITDA to be between $243 million and $255 million.

Headwinds

  • First quarter 2022 total GAAP and non-GAAP revenues to be between $312 million and $318 million.
  • First quarter 2022 GAAP and non-GAAP product revenues to be between $216 million and $219 million.
  • First quarter 2022 GAAP and non-GAAP service revenues to be between $96 million and $99 million.
  • First quarter 2022 non-GAAP EBITDA to be between $45 million and $49 million.
  • First quarter 2022 non-GAAP earnings to be between $0.65 and $0.72 per share.

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 Q4 2021

Historical avgQ4 2021

+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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