Outset Medical CFO To Step Down; Sees 109% Revenue Growth In Q2

Medical technology company Outset Medical Inc's OM Chief Financial Officer, Rebecca Chambers, is set to resign from the position to pursue other opportunities, effective July 16, 2021.
Outset has named Nabeel Ahmed, Vice President, Finance, as the interim CFO, effective after Rebecca's departure.
Nabeel joined Outset in May 2020 as the company's Vice President, Controller.
Before Outset, he served as Vice President, Finance at 8x8 Inc EGHT and Vocera Communications Inc VCRA.
Outlook: Outset expects second-quarter FY21 revenue of $24.5 million - $25 million, indicating a growth of 109% to 113% year-on-year, versus analysts' estimate of $23.26 million. Revenue for the first quarter of FY21 was $22.9 million.
Price action: OM shares closed lower by 2.06% at $48.95 on Thursday.

Earnings Calendar