Masimo Corporation
Masimo Announces Preliminary 2024 Results and 2025 Guidance
Summary
Masimo Corporation announced select preliminary financial results for Q4 and full-year 2024 and provided 2025 guidance. The company expects consolidated revenue of approximately $601 million for Q4 2024, representing 9% growth, and full-year revenue of approximately $2,094 million, with a 2% increase year-over-year. Non-healthcare revenue is expected to decline by 10% for the full year. Masimo expects healthcare revenue between $1,500 million and $1,530 million for 2025, with non-GAAP earnings per diluted share between $4.90 and $5.10.
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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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