Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Vandana Singh

Supply Chain Challenges To Hit Masimo's Q1 FY22 Sales

  • Masimo Corp (NASDAQ:MASI) expects Q1 FY22 product revenue of $285 million - $315 million, lower than expected.
  • Shortages of critical components and other supply chain issues, including freight carrier delays, have led to lower-than-expected sales in the first quarter.
  • Related: 
  • Joe Kiani, Chairman, and CEO, said, "In prior quarters, we were able to weather the storm of COVID-related supply chain issues. However, these issues impacted us in the first quarter. We have strong customer demand, and had we been able to ship what was ordered in the first quarter, our revenues would have exceeded expectations."
  • Also See: Masimo's SedLine Brain Function Monitor Sensor Scores FDA Approval For Pediatric Use.
  • The Company reiterated FY22 revenue guidance of $1.35 billion, based on the belief to fulfill an elevated level of open orders through the remainder of the year.
  • Price Action: MASI shares are down 4.56% at $148.31 during the market session on the last check Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.