Masimo Corporation
Masimo Reports Q4 and Full-Year 2024 Results and Provides 2025 Guidance
Summary
Masimo Corporation announced its financial results for the quarter and full-year ended December 28, 2024, reporting a 9% revenue growth on a constant currency basis for Q4. The company reported a GAAP net loss per basic share of $6.52 for Q4, primarily due to an impairment of goodwill and intangibles for Sound United. For the full year, consolidated revenue grew 2% on a reported basis, and 3% on a constant currency basis, reaching $2,094 million. The company also provided updated full-year 2025 financial guidance. A conference call was scheduled for February 25, 2025, to discuss these results and outlook.
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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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