Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Outset Medical (NASDAQ: OM) Releases Third Quarter 2022 Financial Results Showing Modest Revenue Growth Y/Y

Outset Medical, Inc. (NASDAQ: OM) is engaged as a medical technology company, which is focused on the research and development of innovative technologies to help reduce costs and complexities of dialysis. Shares of the dialysis medical technology company are climbing 36% through afternoon trading on Wednesday, November 9, 2022. Over the past three months, Outset Medical has seen average daily volume of 404,220 shares. However, volume of 1.62 million shares or dollar volume of around $25.21 million, has already exchanged hands through afternoon trading.

Shares of Outset Medical are rallying after the company reported third quarter 2022 financial results. During the quarter ended September 30, 2022, the medtech company reported net revenue of $27.8 million, which represents a 5.5% increase year-over-year and a 10.8% increase from Q2 2022. Gross margins improved to 15.6% during Q3 2022, up from 11.2% during the same period last year.

During the quarter, the medtech company says it resumed shipping products to new home patients and continued to expand its Tablo home patient base beyond internal expectations. Outset Medical was also awarded a five-year contract with the U.S. Department of Veterans Affairs, which enables Tablo to be sold into the network of 106 VA hospitals across the United States. Furthermore, Outset Medical was able to secure up to $300 million in debt financing, which has helped strengthen its balance sheet and extend its cash runway.

On a forward-looking basis, Outset Medical says they now project full-year 2022 revenue to come in a range between $111 million to $113 million. This represents a revenue growth range between 8% and 10% compared to 2021. The old guidance prior to this update estimated revenues between $105 million and $110 million for the year.

“Our third quarter results reflect the value Tablo is delivering in both the acute and home settings, with console shipments exceeding our initial expectations,” said Leslie Trigg, Chair and Chief Executive Officer of Outset. “While we have seen staffing and inflationary pressures persist for our provider customers, we believe our continued expansion in the acute setting and our strong start to rebuilding the home patient pipeline reflects patient preference for Tablo and strong demand across end markets.”

Disclosure: No position. Spotlight Growth has no relationships with any of the companies mentioned in this article and did not receive payment in any form for its creation. This is an opinion article and is not meant to be financial advise. We are not broker-dealers or investment professionals. Please conduct your own due diligence. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/

The post Outset Medical (NASDAQ: OM) Releases Third Quarter 2022 Financial Results Showing Modest Revenue Growth Y/Y appeared first on Spotlight Growth.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.