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Omnicell (OMCL) Q3 FY2023 earnings: revenue $299 million, down 14.2% on the year

Omnicell, Inc. (OMCL) reported revenue of $299 million for Q3 FY2023, the quarter ended 30 September 2023, down 14.2% on the same quarter a year earlier. Net income was $6 million, down 66.9% on the year, and diluted earnings per share $0.12. The figures are the company's own, from the 10-Q it filed with the SEC on 3 November 2023.

Revenue$299 milliondown 14.2%
Net income$6 milliondown 66.9%
Diluted EPS$0.12
QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Revenue299n/an/an/a
Cost of revenue167n/an/an/a
Gross profit132n/an/an/a
Gross margin44.2%n/an/a
Research and development24.3n/an/an/a
Selling, general and administrative104n/an/an/a
Operating income3.7n/an/an/a
Operating margin1.2%n/an/a
Pre-tax income7.4n/an/an/a
Income tax1.8n/an/an/a
Effective tax rate24.8%n/an/a
Net income5.6n/an/an/a
Net margin1.9%n/an/a
Diluted EPS$0.12n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Operating cash flow57.0n/an/an/a
Capital expenditure10.6n/an/an/a
Free cash flow46.4n/an/an/a
Free cash flow margin15.5%n/an/a
Cash from investing-14.2n/an/an/a
Cash from financing2.8n/an/an/a
Depreciation and amortisation14.4n/an/an/a
Share-based compensation15.0n/an/an/a
Buybacks0.0n/an/an/a
Diluted shares, weighted46mn/an/an/a
Shares outstanding at period end45mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Shareholders' equity1,187n/an/an/a
Debt569n/an/an/a
Operating lease liabilities32.8n/an/an/a
Other liabilities432n/an/an/a
Total liabilities and equity2,222n/an/an/a
Fixed assets107n/an/an/a
Goodwill734n/an/an/a
Intangible assets219n/an/an/a
Cash and equivalents447n/an/an/a
Receivables273n/an/an/a
Inventory116n/an/an/a
Other assets326n/an/an/a
Total assets2,222n/an/an/a

Questions

What was Omnicell's revenue in Q3 FY2023?

Omnicell (OMCL) reported revenue of $299 million for Q3 FY2023, the quarter ended 30 September 2023, down 14.2% on the same quarter a year earlier.

How much did Omnicell earn in Q3 FY2023?

Net income for Q3 FY2023 was $6 million, down 66.9% on the year, and diluted earnings per share $0.12.

When did Omnicell report Q3 FY2023 results?

Omnicell filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 3 November 2023.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue299259246277282307270291311314310312
Cost of revenue167153154162160165159163176184170159
Gross profit13210592.6114122142111128135130140153
Gross margin44%41%38%41%43%46%41%44%43%42%45%49%
R&D24.326.822.121.121.226.020.521.624.022.621.520.3
SG&A10410292.490.094.510310298.0102107102100
Operating income3.7-23.4-21.83.26.612.4-11.68.18.20.416.932.4
Operating margin1%-9%-9%1%2%4%-4%3%3%0%5%10%
Pre-tax income7.4-18.5-17.88.211.623.6-9.510.59.70.716.933.8
Tax rate25%n/an/a54%26%33%n/a46%44%390%33%28%
Net income5.6-14.4-15.73.78.615.8-7.05.65.5-2.011.424.3
Net margin2%-6%-6%1%3%5%-3%2%2%-1%4%8%
Diluted EPS$0.12-$0.32-$0.34$0.08$0.19$0.34-$0.15$0.12$0.12-$0.05$0.25$0.52
Operating cash flow57.038.450.058.722.856.325.942.828.330.454.568.3
Capital expenditure10.69.19.09.68.99.111.211.89.87.712.48.9
Free cash flow46.429.341.049.113.947.214.831.018.522.642.159.4
Buybacks0.00.0n/an/a0.0n/an/an/a61.9n/an/an/a
Shares outstanding45m46m46m46m46m46m47m46m45m45m45m46m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 3 November 2023, accession 0000926326-23-000041: the filing on EDGAR. All of Omnicell, Inc.'s filings: EDGAR company page.

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