Masimo Corporation
Masimo Reports Full-Year 2023 Financial Results and Provides 2024 Guidance
Summary
Masimo Corporation announced its financial results for the full-year 2023, showing consolidated revenue of $2,048.1 million, GAAP net income of $81.5 million, and non-GAAP net income of $204.8 million. The company also provided guidance for the first quarter and full-year 2024. A detailed press release with supplementary non-GAAP financial information is furnished as Exhibit 99.1.
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About Masimo Corporation
Masimo Corporation is a global leader in noninvasive monitoring technologies, specifically focusing on developing innovative medical devices that improve patient outcomes and reduce the cost of care. The company's flagship product line includes advanced signal processing pulse oximetry devices, which are pivotal in accurately measuring oxygen levels, pulse rate, and other vital signals without the need for invasive procedures. Masimo's technology is widely adopted across various healthcare settings including hospitals, outpatient treatment centers, and alternative care sites, enhancing patient monitoring and aiding clinicians in detecting potential health issues more efficiently. Besides, Masimo’s products are recognized for their precision and reliability, demonstrating robustness even in challenging clinical environments where motion and low perfusion can affect monitoring accuracy. The corporation is committed to expanding its technological suite, covering a spectrum of health monitoring solutions that contribute to improved healthcare practices globally. Based in Irvine, California, Masimo's ongoing innovation continues to set benchmarks in the healthcare industry, influencing a wide range of sectors from emergency care to surgical and critical care monitoring.
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