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NATUS MEDICAL INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2022 10-Q, filed May 6, 2022. Its latest SEC filing is a 15-12G from Aug 1, 2022.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Sells diagnostic, monitoring and treatment devices, supplies and services for neurological disorders to hospitals, clinics and other healthcare providers.

How Did They Make Money?

Customers pay for most devices and supplies when products ship. Separately priced service contracts are paid up front, while the company provides coverage over the service period; installation and training fees are also billed up front.

FY2021 revenue

Who Were Their Customers?

Healthcare providers in North America generally buy through Natus's direct sales team, with some products sold through private-label and distribution arrangements. International customers buy directly in some markets or through distributors that resell to end users or other resellers.

Did Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in FY2021 and turned 13 cents into free cash flow.

Operating income, FY2021
5% of revenue
▲ Now profitable vs FY2020 (−$20.2M, −5%)
Net income, FY2021
3% of revenue
▲ Now profitable vs FY2020 (−$16.6M, −4%)
Free cash flow, FY2021
13% of revenue
▲ +134% vs FY2020 ($25.8M, 6%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q1 FY2022, the three months to Mar 31, 2022
Revenue
▲ +4%
vs $114.9M in Q1 FY2021
Net income
▼ −21%
vs $2.4M in Q1 FY2021
  • Jul 21, 2022 ArchiMed completed its acquisition of Natus Natus became a wholly owned subsidiary of Parent; it asked Nasdaq to suspend trading and remove its shares from listing.
  • May 5, 2022 Natus stopped updating its financial guidance The company said it would no longer update guidance because of its announced transaction.
  • Apr 18, 2022 Natus agreed to be acquired by ArchiMed Shareholders were to receive $33.50 in cash per share; the deal was expected to close in the third quarter of 2022.

Held flat. Revenue was $473.4M in FY2021, about the same as the $501M of FY2017.

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