Masimo, amid leadership transition, targets cost reductions
Nov 6, 2024 · Masimo reported third-quarter consolidated revenue of $504.6 million, up 5% from the year-ago quarter. Healthcare revenue rose year over year by about 12% to $343.3 million, and non-healthcare revenue declined 6% year over year to $161.3 million. The non-healthcare segment saw continued slowing in demand for its consumer audio products, the ...
What’s next at Masimo after CEO Kiani’s exit? | MedTech Dive
Sep 30, 2024 · Masimo’s leadership transition brings a two-year boardroom feud to a close, but questions remain about the path forward in the wake of CEO Joe Kiani’s exit. Kiani resigned after losing his board seat in a Sept. 19 shareholder vote, ending his tenure 35 years after founding the pulse oximetry firm.
Masimo's claims falter as Apple defends smartwatch designs
Nov 4, 2024 · Frustrated with California litigation, Masimo filed a complaint with the ITC in 2021, requesting a ban on Apple Watch sales in the U.S. due to patent infringement. However, evidence showed Masimo ...
Masimo Reports Third Quarter 2024 Financial Results
Nov 5, 2024 · Masimo Corporation (Nasdaq: MASI) today announced its financial results for the third quarter ended September 28, 2024. Third Quarter 2024 Results. Consolidated revenue was $504.6 million ...
Masimo CEO Joe Kiani ousted from board; Politan wins two seats
Sep 19, 2024 · Masimo, best known for its litigation with Apple over the company’s use of pulse-oximetry technology in the Apple Watch, sued Politan, alleging errors in its proxy statement. The activist, in...
Masimo's Q3 Earnings Rise Y/Y, Healthcare Demand Drives Growth
6 days ago · Masimo reported a GAAP operating income of $30.1 million, up from $25.2 million in the third quarter of 2023. The non-GAAP operating income, excluding costs associated with litigation ...
Masimo is Executing a Successful Strategy to Deliver Long-Term ...
IRVINE, Calif., August 15, 2024 -- (BUSINESS WIRE)--Masimo Corporation ("Masimo" or the "Company") (NASDAQ: MASI), a global leader in noninvasive monitoring technologies and audio products,...
Masimo CEO shared confidential information ahead of release
Sep 6, 2024 · Masimo CEO Joe Kiani, whose medical-technology company is in the midst of a proxy battle with activist Politan, revealed what he called confidential information to a major investor 12 hours...
Masimo activist agrees to end proxy fight if company expands …
May 9, 2024 · Masimo activist agrees to end proxy fight if company expands board, adds both nominees. Masimo activist Politan responded to a settlement offer from the company with one of its own: expand...
Masimo founder Joe Kiani resigns as CEO following ouster from …
Sept 25 (Reuters) - Masimo (MASI.O) said on Wednesday founder Joe Kiani has decided to step down as the medical device maker's CEO, days after shareholders voted to remove him from the company's...