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![MASIMO CORP [MASI] reports annual net loss of $81.5 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FMASI.png&w=1200&q=75)
MASIMO CORP [MASI] has reported a net loss of $81.5 million for year ended Dec 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $2.0 billion
Based in IRVINE, California, MASIMO CORP operates in the MANUFACTURING sector.
In the current annual report for the 12 months ended December 30, 2023, compared to the same period in the previous year:
- Revenue amounted to $2.0481 billion, which shows a slight increase compared to the previous period's revenue of $2.0358 billion.
- Cost of goods sold was $1.0446 billion, up from $0.977 billion in the previous year.
- Gross profit was $1.0035 billion, a decrease from the previous year's $1.0588 billion.
- Operating income for the current period stood at $0.1365 billion, significantly lower than the previous year's $0.210 billion.
- Net income for the current period was $0.0815 billion, a decrease from the previous year's $0.1435 billion.
- Earnings per share for the current year were $1.54 for the basic amount and $1.51 for the diluted amount, a decline from $2.68 and $2.60, respectively, in the previous year.
The financial performance of the company indicates lower profitability in the current period compared to the previous year, with reduced revenues and net income. Operating income also took a hit, leading to a decrease in earnings per share. It would be essential for the company to analyze its operating expenses and focus on strategies to improve profitability in the upcoming periods.
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