earnings call

By Dave Muoio 02:33 pm November 7, 2019
Fitbit’s year-over-year device sales flatlined in Q3 2019, which combined with lower sales tag prices drove a decline in revenue, according to the wearables maker’s latest quarterly earnings. The reporting — which was bereft of an investor’s call, Q&A and any forward-looking statements due to the company’s pending acquisition — is the latest look at a wearables business Google apparently...
By Dave Muoio 03:32 pm October 31, 2019
Apple's high on health. Apple CEO Tim Cook was pleased as punch with his company’s latest quarterly and yearly report, which he said on an investor’s call yesterday was Apple’s “highest revenue in a September quarter ever” at $64 billion. Thirty-three million dollars of this was in iPhone revenue — a 9% decline over last year that he felt was a significant step up from the 15% decline seen...
By Laura Lovett 03:33 pm August 9, 2019
Fitbit’s latest earnings call was a mixed bag for the wearable giant. The company’s revenue and device sales were up; however, the average price of the devices was down. This has led to the company to lower its revenue guidance by $95 million.  It appears to be continuing to focus in on its health division, which is seeing an uptick in year-over-year revenue, and is on track to meet its $100...
By Jonah Comstock 03:04 pm August 9, 2019
In Dexcom’s latest earnings report, executives reported not only growing revenues and sales volume for the company, but a sense that the whole category of CGMs has arrived and is transforming diabetes care for the better, noting trends observed at the recent annual meeting of the American Diabetes Association. “We have been on record for years telling that the future is ‘CGM First’ and we believe...
By Dave Muoio 02:22 pm August 9, 2019
Following another rough quarter, NeuroMetrix has sought outside help in an effort to restructure its business and is pivoting away from a direct-to-consumer business model for its wearable pain relief platform, Quell. “NeuroMetrix has good product lines and technology, and more broadly, the company has real value,” Dr. Shai Gozani, CEO and president of NeuroMetrix, told investors in a recent...
By Dave Muoio 03:26 pm August 5, 2019
Teladoc Health stuck to its game plan in the second quarter and first half of 2019, the company reported last week in its earnings call. Total revenue, membership and service utilization are each trending upward while the telehealth company’s international and strategic investments appear to be taking hold. However, the company still has yet to turn a profit, although it is aiming to be cash flow...
By Dave Muoio 02:16 pm July 31, 2019
Peloton pulls the plug. Owners of the first generation of Peloton’s exercise bike touchscreens will no longer be receiving new software updates for their device, the company announced in a message on its support page. The touchscreen will still be able to access content, but the company is recommending that these users purchase a hardware upgrade so that they may continue to receive new feature...
By Dave Muoio 03:23 pm July 17, 2019
Following a major sales bump in the second quarter of 2019, Abbott Laboratories is planning to significantly ramp up manufacturing for its FreeStyle Libre continuous glucose monitoring system, the company shared during an investor’s call this morning. Specifically, the company highlighted a 72.9% increase in organic sales growth during the three-month period, reaching a worldwide total sales...
By Laura Lovett 02:09 pm May 3, 2019
With a focus on employee health, Fitbit reported a 10% year-over-year increase in revenue this past quarter, coming in at $272 million. This quarterly uptick in revenue is part of an upward trend for the wearable company that was once spiraling in losses.  While smartwatches and trackers remained the bulk of the wearable company’s business, its Health Solutions program, a service catering to...
By Dave Muoio and Jonah Comstock 03:06 pm May 1, 2019
Wearables, services perform well for Apple. While iPhone sales and overall Q2 revenue were down in 2019, the company was fairly optimistic on its most recent earnings report due to substantial growth among its wearables, iPads and services businesses. In terms of healthcare, CEO Tim Cook noted during the investors’ call that the past quarter included the rollout of the Apple Watch Series 4’s ECG...