IRVINE, Calif.--(BUSINESS WIRE)--Masimo (NASDAQ: MASI) today announced its financial results for the first quarter ended April 1, 2017.
First quarter 2017 product revenues rose 9.1% to $178.1 million, compared to $163.3 million for the first quarter of fiscal year 2016, and total revenue, including royalties, rose 8.8% to $186.3 million, up from $171.2 million for the first quarter of fiscal year 2016.
The Company’s worldwide direct product revenue in the first quarter of 2017 rose by 9.9% compared to the same period in 2016 and represented 87.0% of product revenue. OEM sales, which accounted for 13.0% of product revenue, rose by 3.7% to $23.2 million in the first quarter of 2017 compared to the same period in 2016. Revenue from sales of Masimo rainbow® products declined by 17.7% to $13.9 million in the first quarter of 2017, compared to the same period in 2016.
First quarter 2017 product revenues rose 9.1% to $178.1 million, compared to $163.3 million for the first quarter of fiscal year 2016, and total revenue, including royalties, rose 8.8% to $186.3 million, up from $171.2 million for the first quarter of fiscal year 2016.
The Company’s worldwide direct product revenue in the first quarter of 2017 rose by 9.9% compared to the same period in 2016 and represented 87.0% of product revenue. OEM sales, which accounted for 13.0% of product revenue, rose by 3.7% to $23.2 million in the first quarter of 2017 compared to the same period in 2016. Revenue from sales of Masimo rainbow® products declined by 17.7% to $13.9 million in the first quarter of 2017, compared to the same period in 2016.
