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Omnicell Announces First Quarter 2011 Results
Date:5/2/2011

efore excluded from our non-GAAP results.

As stated above, we present non-GAAP financial measures because we consider them to be important supplemental measures of performance. However, non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for Omnicell's GAAP results. In the future, we expect to incur expenses similar to certain of the non-GAAP adjustments described above and expect to continue reporting non-GAAP financial measures excluding such items. Some of the limitations in relying on non-GAAP financial measures are:

  • Omnicell's stock option and stock purchase plans are important components of incentive compensation arrangements and will be reflected as expenses in Omnicell's GAAP results for the foreseeable future under ASC 718.
  • Other companies, including other companies in Omnicell's industry, may calculate non-GAAP financial measures differently than Omnicell, limiting their usefulness as a comparative measure.

  • Pursuant to the requirements of SEC Regulation G, a detailed reconciliation between Omnicell's non-GAAP and GAAP financial results is set forth in the financial tables at the end of this press release. Investors are advised to carefully review and consider this information strictly as a supplement to the GAAP results that are contained in this press release and in Omnicell's SEC filings.

    OMCL-EOmnicell, Inc.

    Condensed Consolidated Statements of Operations

    (in thousands, except per share data, unaudited)Three Months EndedMarch 31,
    2011December 31,
    2010March 31,
    2010Revenues:  Product$

    42,575$

    43,541$

    42,295  Services and other revenues14,58513,72711,865Total revenue57,16057,26854,160Cost of revenues:  Cost of product revenues17,83618,64919,265  Cost of services and other revenues7,6747,2567,309Total cost of revenues25,51025,90526,
    '/>"/>

    SOURCE Omnicell, Inc.
    Copyright©2010 PR Newswire.
    All rights reserved

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