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Omnicell Announces Third Quarter 2011 Results
Date:10/27/2011

MOUNTAIN VIEW, Calif., Oct. 27, 2011 /PRNewswire/ -- Omnicell, Inc. (NASDAQ: OMCL), a leading provider of medication and supply management solutions and analytics software for healthcare facilities, today announced results for its quarter ended September 30, 2011.

GAAP results: Revenue for the third quarter of 2011 was $64.4 million, up $3.4 million or 5.6% from the second quarter of 2011, and up $8.1 million or 14.4% from the third quarter of 2010. Revenue for the nine months ended September 30, 2011 was $182.6 million, up $17.5 million or 10.6% from the nine months ended September 30, 2010.

Third quarter 2011 net income as reported in accordance with U.S. generally accepted accounting principles (GAAP) was $3.0 million, or $0.09 per diluted share. This compares to net income of $2.6 million, or $0.08 per diluted share in the second quarter of 2011 and net income of $1.3 million, or $0.04 per diluted share in the third quarter of 2010. For the nine months ended September 30, 2011, net income was $6.3 million, or $0.18 per diluted share. This compares to net income of $4.2 million, or $0.13 per diluted share for the nine months ended September 30, 2010.

Non-GAAP results: Non-GAAP net income was $5.4 million for the third quarter of 2011, or $0.16 per diluted share. Non-GAAP net income for the third quarter excludes $2.4 million of stock-based compensation expense. This compares to non-GAAP net income of $5.0 million, or $0.15 per diluted share for the second quarter of 2011, which excluded $2.5 million of stock-based compensation expense. Third quarter 2011 results compare to non-GAAP net income of $3.6 million, or $0.11 per diluted share for the third quarter of 2010, which excluded $2.2 million of stock-based compensation expense, a $2.4 million gain ($1.4 million, net of tax) related to the settlement of litigation claims and $2.3 million (
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SOURCE Omnicell, Inc.
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