IRVINE, Calif.--(BUSINESS WIRE)--Masimo (NASDAQ: MASI) today announced its financial results for the fourth quarter and full year ended December 31, 2016.
Fourth quarter 2016 product revenues rose 10.0% to $175.7 million, compared to $159.8 million for the fourth quarter of fiscal year 2015, and total revenue, including royalties, rose 9.5% to $183.2 million, up from $167.3 million for the fourth quarter of fiscal year 2015.
The Company’s worldwide direct product revenue in the fourth quarter of 2016 rose by 10.8% compared to the same period in 2015 and represented 87.0% of product revenue. OEM sales, which accounted for 13.0% of product revenue, rose by 4.8% to $22.9 million in the fourth quarter of 2016 compared to the same period in 2015. Revenue from sales of Masimo rainbow® products declined by 11.6% to $16.9 million in the fourth quarter of 2016, compared to the same period in 2015.
