Slide 1: Fourth Quarter and Full Year 2024 Earnings
Fourth Quarter and Full Year 2024 Earnings February 25, 2025 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward-Looking Statements: This presentation contains forward-looking statements within the meaning of federal securities laws, including, among others, statements about our expectations, plans, strategies or prospects. We generally use the words “may,” “will,” “expect,” “beli
Slide 3: Executive Summary
Executive Summary • Consolidated revenue was $601 million, representing 9% growth on a reported and constant currency(1) basis. o Healthcare revenue was $368 million, representing 8% growth on a reported basis and 9% growth on a constant currency(1) basis. o Non-Healthcare revenue was $232 million,
Slide 4: Fourth Quarter 2024 Actual vs. Prior Year
Fourth Quarter 2024 Actual vs. Prior Year(1) vs. Prior Year Q4 2024 Q4 2023 Constant ($ in millions; except EPS) Actual Actual As Reported Currency Healthcare Revenue $368 $340 8% 9% Non-Healthcare Revenue $232 $209 11% 11% Consolidated Revenue $601 $549 9% 9% GAAP Gross Profit $245 $263 (7%) GAAP G
Slide 5: Financial Performance | Fourth Quarter 2024 vs. Prior Year
Financial Performance | Fourth Quarter 2024 vs. Prior Year(1) Consolidated Revenue Healthcare Revenue Non-Healthcare Revenue $MM $MM $MM $601 $232 $368 $549 $209 $340 2023 2024 2023 2024 2023 2024 Fourth Quarter Fourth Quarter Fourth Quarter Non-GAAP Earnings Per Share(2) Healthcare Gross Margin(2)
Slide 6: Full Year 2024 Actual vs. Prior Year
Full Year 2024 Actual vs. Prior Year(1) vs. Prior Year FY 2024 FY 2023 Constant ($ in millions; except EPS) Actual Actual As Reported Currency Healthcare Revenue $1,395 $1,275 9% 10% Non-Healthcare Revenue $699 $773 (10%) (9%) Consolidated Revenue $2,094 $2,048 2% 3% GAAP Gross Profit $1,004 $1,004
Slide 7: Financial Performance | Full Year 2024 vs. Prior Year
Financial Performance | Full Year 2024 vs. Prior Year(1) Consolidated Revenue Healthcare Revenue Non-Healthcare Revenue $MM $MM $MM $2,094 $1,395 $773 $2,048 $1,275 $699 2023 2024 2023 2024 2023 2024 Full Year Full Year Full Year Non-GAAP Earnings Per Share(2) Healthcare Gross Margin(2) Non-Healthca
Slide 8: Healthcare Performance | Full Year 2024 Actual vs. Prior Year
Healthcare Performance | Full Year 2024 Actual vs. Prior Year Incremental Value of New Contracts(1) Unrecognized Contract Revenue(2) Driver Installed Base(3) $MM, shown as reported $MM, shown as reported # of Units (MM) $432 $1,773 2.62 2.56 $390 $1,497 2023 2024 2023 2024 2023 2024 Full Year As of
Slide 9: Updated FY 2025 Guidance as of February 25, 2025
Updated FY 2025 Guidance as of February 25, 2025 Guidance does not include any use of proceeds from a sale of Sound United, any potential benefits from new tax policies and any potential impact of new tariffs FY 2025 Guidance(1) vs. Prior Year Low - High FY 2024 Low - High Healthcare Revenue $1,500
Slide 10: Appendix
Appendix GAAP to Non-GAAP Reconciliations 10
Slide 11: Consolidated Income Statement
Consolidated Income Statement (Unaudited; in millions, except per share data) (1),(2) Quarterly Performance Full Year Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2022 FY 2023 FY 2024 GAAP revenue $565.0 $455.3 $478.9 $548.9 $492.8 $496.3 $504.6 $600.7 $2,035.8 $2,048.1 $2,094.
Slide 12: Consolidated Income Statement
Consolidated Income Statement (Unaudited; in millions, except per share data) (1),(2) Quarterly Performance Full Year Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2022 FY 2023 FY 2024 GAAP non-operating income (expense) ($11.8) ($4.5) ($11.2) ($20.9) ($9.1) ($8.4) ($18.5) ($2.6
Slide 13: Segment Reporting
Segment Reporting (Unaudited; in millions, except percentages) (1,2) Quarterly Performance Full Year Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2022 FY 2023 FY 2024 Revenue Healthcare 346.7 281.1 307.8 339.9 339.6 343.9 343.3 368.5 ### 1,340.3 1,275.5 1,395.2 Non-Healthcare 2
Slide 14: Full Year 2025 Revenue Guidance
Full Year 2025 Revenue Guidance(3) (Unaudited; in millions, except percentages)(1,2) Actual Actual FY 2025 Guidance(3) FY 2023 FY 2024 Low High GAAP Healthcare revenue 1,275 1,395 1,500 1,530 Constant currency revenue adjustments N/A 5 13 13 Non-GAAP Healthcare constant currency revenue $1,275 $1,40