Outset Medical Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
OM$4.12-2.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Operations
(in thousands, except per share amounts)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue: | |||
| Product revenue | $80,977 | $103,537 | $93,388 |
| Service and other revenue | 32,712 | 26,839 | 21,987 |
| Total revenue | 113,689 | 130,376 | 115,375 |
| Cost of revenue: | |||
| Cost of product revenue | 46,449 | 74,454 | 82,510 |
| Cost of service and other revenue | 28,676 | 26,922 | 15,032 |
| Total cost of revenue | 75,125 | 101,376 | 97,542 |
| Gross profit | 38,564 | 29,000 | 17,833 |
| Operating expenses: | |||
| Research and development | 38,397 | 57,307 | 48,855 |
| Sales and marketing | 70,044 | 96,232 | 89,482 |
| General and administrative | 43,498 | 45,231 | 40,515 |
| Total operating expenses | 151,939 | 198,770 | 178,852 |
| Loss from operations | (113,375) | (169,770) | (161,019) |
| Interest income and other income, net | 9,761 | 10,171 | 3,291 |
| Interest expense | (23,871) | (12,675) | (3,566) |
| Loss on extinguishment of term loan | — | — | (1,367) |
| Loss before provision for income taxes | (127,485) | (172,274) | (162,661) |
| Provision for income taxes | 491 | 523 | 295 |
| Net loss | $(127,976) | $(172,797) | $(162,956) |
| Net loss per share, basic and diluted | $(2.46) | $(3.48) | $(3.38) |
| Shares used in computing net loss per share, basic and diluted | 51,951 | 49,588 | $48,161 |
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