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Masimo Reports Fourth Quarter and Full Year 2008 Financial Results
Date:3/3/2009

Record results mark 22nd consecutive quarter and 14th year of consecutive product revenue growth. Company also announces international realignment to better support growing non-US business.

Q4 2008 Highlights:

- Product revenues increased 29.4% to $71.4 million

- Rainbow revenues increased 161% to $4.7 million

- Over 31,700 Masimo SET and Masimo Rainbow SET pulse oximeter units were shipped in Q4 2008

- International realignment results in a Q4 2008 tax charge of $0.25 per share and a Q4 2008 net loss of $0.01 per share; Q4 2008 earnings per share, excluding the tax charge, was $0.24 per share

Full Year 2008 Highlights:

- Product revenues increased 29.7% to $258.9 million

- Rainbow revenues increased 91% to $13.4 million

- Over 120,000 Masimo SET and Masimo Rainbow SET pulse oximeter units were shipped in 2008

- International realignment results in a Q4 2008 tax charge of $0.25 per share and full year 2008 earnings per share of $0.53; full year 2008 earnings per share, excluding the Q4 tax charge, was $0.78 per share

IRVINE, Calif., March 3 /PRNewswire-FirstCall/ -- Masimo Corporation (Nasdaq: MASI), the inventor of Pulse CO-Oximetry and Measure-Through Motion and Low-Perfusion pulse oximetry, today announced its financial results for both the quarter and year ended January 3, 2009.

For the fiscal fourth quarter, Masimo reported product revenues of $71.4 million representing a 29.4% increase over $55.2 million for the fourth quarter of 2007. Including royalty revenues, Masimo reported total 2008 fourth quarter revenues of $83.1 million compared to $69.3 million for the fourth quarter of 2007. For the fourth quarter, Masimo reported a loss of $0.01 per share,
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SOURCE Masimo Corporation
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