Omnicell, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2023
August 01, 2023 at 04:02 pm
Share
Omnicell, Inc. provides earnings guidance for the third quarter and full year 2023. For the full year, the Company expects full year 2023 total revenues to be between $1.160 billion and $1.200 billion. The Company expects full year 2023 product revenues to be between $740 million and $760 million, and full year 2023 service revenues to be between $420 million and $440 million. The Company expects full year 2023 technical services revenues to be between $215 million and $225 million, and full year 2023 Advanced Services revenues to be between $205 million and $215 million.
For the third quarter 2023, the Company expects total revenues to be between $290 million and $300 million. The Company expects third quarter 2023 product revenues to be between $185 million and $190 million, and third quarter 2023 service revenues to be between $105 million and $110 million.
Omnicell, Inc. is a provider of medication management solutions and adherence tools for health systems and pharmacies. The Company is focused on transforming pharmacy care through outcomes-centric innovation designed to optimize clinical and business outcomes across all settings of care through a portfolio of robotics, smart devices, intelligent software, and services. Its point of care automation solutions is designed to improve clinician workflows in patient care areas of the healthcare system, such as nursing units, patient wards, operating rooms, and emergency departments. The Companyâs XT Series automated dispensing systems for medications and supplies, which are used in nursing units and other clinical areas of the hospital, are designed to support workflows specific to each area of the hospital, with various software and hardware options. For the operating room, the Company also offer specialized automated dispensing systems.