Press release
Masimo Announces Select Preliminary Full-Year 2019 Financial Results and 2020 Guidance
Complete fourth quarter and full-year 2019 financial results will be announced on Wednesday, February 19, 2020. Preliminary full-year 2019 total revenue,
About this update from Masimo Corporation
[{"type":"text","content":"\nComplete fourth quarter and full-year 2019 financial results will be announced on Wednesday, February 19, 2020.\n\n\n\nPreliminary full-year 2019 total revenue, including royalty and other revenue, of approximately $934 to $937 million;\n\n\nPreliminary full-year 2019 product revenue of approximately $933 to $936 million;\n\n\nPreliminary full-year 2019 GAAP earnings per diluted share and non-GAAP earnings per diluted share are expected to exceed guidance of $3.37 and $3.18 per diluted share, respectively; and\n\n\nFull year 2020 financial guidance includes product revenue, GAAP earnings per diluted share and non-GAAP earnings per diluted share of approximately $1.035 billion, $3.64 and $3.56, respectively.\n\n\n IRVINE, Calif.--(BUSINESS WIRE)--\nMasimo Corporation (NASDAQ: MASI) today announced select preliminary results for the full-year ended December 28, 2019 and provided estimates for its full-year 2020 financial guidance.\n\n\nPreliminary Full-Year 2019 Results:\n\n\nMasimo expects that its product revenue for the full-year 2019 will range from $933 million to $936 million, which reflects reported growth of 12.4% to 12.8% and constant currency growth of 13.2% to 13.6%, respectively. The Company also expects full-year 2019 shipments of noninvasive technology boards and monitors of approximately 246,000.\n\n\nAdditionally, Masimo expects that full-year 2019 GAAP earnings per share and non-GAAP earnings per share will exceed previously issued financial guidance of $3.37 and $3.18 per diluted share, respectively.\n\n\nThe preliminary financial information presented in this press release is based on Masimo’s current expectations and may be adjusted as a result of, among other things, completion of customary annual audit procedures. Management plans to discuss Masimo’s complete fourth quarter and full-year 2019 financial results after the market closes on Wednesday, February 19, 2020.\n\n\nConnected Care Transaction:\n\n\nEarlier today, the Company announced that it has signed an agreement to acquire the Connected Care assets from NantHealth, Inc. Masimo expects that the transaction will close in the first quarter and contribute approximately one percentage point to its full-year 2020 revenue guidance growth rate, net of purchase accounting adjustments. Furthermore, the Company expects the transaction to be slightly dilutive ...