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Masimo 3Q Sales up 8.9%

Masimo Corp. (Nasdaq: MASI) reported third quarter revenue climbed 8.9% to $210.6 million. Product sales grew 12% to $202.1 million for the quarter while royalty and other revenue declined 38% to $8.5 million.

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Masimo Strong Q2, Raises Guidance

Masimo Corp. (Nasdaq: MASI) reported revenue of $211.6 million, including royalty, with product revenue for the second quarter totaling $202 million, up 12.4% compared to the same quarter a year ago.

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OC 500: Joe Kiani

Innovator of the Year honoree … medical monitor maker ‘figured out [problem] and what can be done’ … founded patient safety … launched Masimo with second mortgage … 2007 IPO … market cap $4.4B; 2016 revenue $695M, up 10% … OC’s Wealthiest, $575M … now angel investor … chief exec, wearables firm Cercacor … Business Journal Style File

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