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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 29M | 4.7% |
| Gross Profit | 9.8M | 0.4% |
| Cost of Revenue | 44M | 8.4% |
| Operating expense | 34M | 17% |
| Net Income | -28M | 18.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 293M | 6.9% |
| Total Liabilities | 245M | 0.4% |
| Total Equity | 48M | 30.3% |
| Shares Outstanding | 53M | 0.9% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -21M | 38.3% |
| Cash from investing | 16M | 59.2% |
| Cash from financing | 120,000 | 57.1% |
EPS
Financial Highlights for Outset Medical in Q3 '24
Outset Medical reported a revenue of 29M, which is a 4.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 9.8M, marking a 0.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 44M, a -8.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 34M, showing a -17% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -28M, showing a 18.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Outset Medical with growth in revenue, gross profit, and net income.
