Omnicell Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2011
January 26, 2012 at 04:18 pm EST
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Omnicell Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter total revenue was $62.93 million against $57.27 million a year ago. Income from operations was $6.17 million against $1.52 million a year ago. Income before provision for income taxes was $6.10 million against $1.67 million a year ago. Net income was $4.14 million or $0.12 diluted per share against $0.67 million or $0.02 diluted per share a year ago. Non-GAAP net income was $6.38 million or $0.19 diluted per share against $3.62 million or $0.11 diluted per share a year ago. Non-GAAP adjusted EBITDA was $10.48 million against $6.28 million a year ago.
For the full year, total revenue was $245.53 million against $222.407 million a year ago. Income from operations was $16.22 million against $9.53 million a year ago. Income before provision for income taxes was $16.09 million against $9.96 million a year ago. Net income was $10.39 million or $0.30 diluted per share against $4.89 million or $0.15 diluted per share a year ago. Non-GAAP net income was $20.51 million or $0.60 diluted per share against $14.45 million or $0.43 diluted per share a year ago. Non-GAAP adjusted EBITDA was $34.36 million against $26.43 million a year ago.
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.