HP HP0-759 : HP ProCurve Combined Security and Mobility Exam

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Exam Number : HP0-759
Exam Name : HP ProCurve Combined Security and Mobility
Vendor Name : HP
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Itamar scientific stories First Quarter 2021 results

– First Quarter 2021 Revenues enhance forty three% to $12.0 Million – – U.S. WatchPAT™ Revenues raise 38% to $eight.4 Million – – business to Host convention call these days at eight:00 am ET, three:00 pm IT – CAESAREA, Israel, can also 19, 2021 (GLOBE NEWSWIRE) -- Itamar scientific Ltd. (Nasdaq and TASE: ITMR), a number one medical gadget and digital health enterprise concentrated on the combination of sleep apnea management into the cardiac patient care pathway, nowadays stated unaudited monetary consequences for the primary quarter of 2021. “We have been blissful to see the momentum from the 2d half of 2020 continue into new 12 months, enabling us to achieve checklist first quarter salary. Our U.S. core sleep business became as soon as once more the fundamental increase driver as home-based mostly care endured to drive adoption and our Cardiology exams reached all-time excessive,” observed Gilad Glick, President and Chief executive Officer. “general, demand for WatchPAT is expanding international, reflecting wonderful reception to our paradigm-transferring know-how. at the same time as COVID restrictions began lifting, proposing an opportunity for PSG checking out in sleep centers to come back, our sales remained mighty.” “Itamar has a couple of entertaining catalysts ahead and importantly, we have a vastly reinforced steadiness sheet in place to convey on these initiatives. Our group remains focused on riding world market share, advancing our product portfolio, and pursuing extra in-biological growth alternatives,” concluded Glick. First Quarter 2021 Highlights and up to date Achievements total revenues were $12.0 million, an increase of 43% yr-over-year. U.S. WatchPAT revenues were $eight.four million, a rise of 38% 12 months-over-12 months. won a complete of 725 WatchPAT ONE purchasers in view that April 1, 2020, after continuing to onboard about 32 new WatchPAT ONE consumers monthly on typical right through the primary quarter. Non-IFRS gross margin became seventy two%, in comparison to 71% in the fourth quarter of 2020 and seventy seven% within the first quarter of 2020. (See “Use of Non-IFRS Measures” below). IFRS operating fees include $1.1 million concerning non-ordinary share-based payments due to the extended endeavor duration of vested provider alternatives from 5 to ten years. introduced the anticipated launch of three additions to the business’s WatchPAT product line at the upcoming SLEEP 2021 meeting. First Quarter 2021 monetary consequences Revenues extended forty three% to $12.0 million, compared to $eight.four million within the identical quarter in 2020. revenue increase turned into primarily driven with the aid of an increase in WatchPAT earnings in the U.S., and the increase in total revenue in Japan and Europe. WatchPAT revenues multiplied 33% to $10.9 million, compared to $eight.2 million within the identical quarter in 2020. U.S. WatchPAT revenues multiplied 38% to $8.4 million, in comparison to $6.1 million within the same quarter in 2020, pushed basically via WatchPAT ONE sales, as well as WatchPAT Direct income. revenue from disposables and renewable products, including WatchPAT ONE, comprised approximately seventy nine% of WatchPAT revenues in the U.S. in the first quarter of 2021, in comparison to seventy five% in the equal quarter in 2020. Gross income accelerated to $eight.0 million, in comparison to $6.three million in the identical quarter in 2020. Gross margin reduced to 67%, compared to 76% in the same quarter in 2020. Gross margin decline became in particular pushed by using the enhance in WatchPAT ONE revenue, as well as non-habitual fees of $0.four million regarding relocating the company’s construction amenities to a new region all the way through the first quarter of 2021. Non-IFRS gross margin (see “Reconciliation of IFRS to Non-IFRS fiscal Measures” below) reduced to seventy two%, compared to 77% in the equal quarter in 2020. Non-IFRS gross margin decline was specifically pushed by way of the increase in WatchPAT ONE sales. (See “Use of Non-IFRS Measures” under). working loss become $5.3 million, in comparison to $2.0 million in the same quarter in 2020. The increase in working loss was basically because of a rise in operating expenses, in part offset through the boost in revenues. working expense increase changed into chiefly pushed with the aid of the following: -$1.1 million regarding non-routine share-based mostly funds as a consequence of the extension of the endeavor length of vested carrier alternatives from five to 10 years. -promoting and advertising costs expanded 39% to $7.3 million, in comparison to $5.three million in the equal quarter in 2020, due to the deliberate enlargement of the U.S. revenue group into new geographical territories and verticals (37 territories and verticals as of March 31, 2021, in comparison to 32 territories and verticals as of March 31, 2020), in addition to extra sales commissions because of the raise in revenues, enhance in consulting expenses relating to repayment within the U.S., Australia and Japan, and an increase in share-based funds, as mentioned above. -analysis and building costs improved 122% to $2.9 million, compared to $1.three million in the same quarter in 2020, pushed by way of expenses of $0.8 million linked to research and development of the remote patient Monitoring or RPM expertise (including amortization of intangible belongings of $0.3 million) linked to the Spry acquisition, a rise in personnel to help product building, notably involving our digital fitness platform, and a rise in share-based funds, as mentioned above. -regular and administrative fees improved 80% to $3.1 million, in comparison to $1.7 million within the identical quarter in 2020, in particular driven through an increase in administrators’ and officers’ coverage premium, as well as elevated legal prices, including a industrial dispute in defense of our highbrow property initiated by way of the enterprise, and a rise in share-based funds, as outlined above. Non-IFRS operating loss (see “Reconciliation of IFRS to Non-IFRS monetary Measures” under) for the first quarter of 2021 was $2.eight million, in comparison to $1.4 million within the equal quarter in 2020. Non-IFRS working loss excludes about $2.5 million in share-based mostly payments; depreciation and amortization of property and equipment and intangible assets; trade in provision for doubtful and bad debt; and non-habitual charges involving relocating our construction amenities to a brand new place, in comparison to a total of $0.6 million of an identical charges for a similar quarter in 2020. (See “Use of Non-IFRS Measures” beneath). internet loss for the primary quarter of 2021 changed into $5.5 million, compared to $2.0 million in the equal quarter in 2020. Non-IFRS net loss (see “Reconciliation of IFRS to Non-IFRS monetary Measures” beneath) for the first quarter of 2021 changed into $3.0 million, in comparison to $1.4 million in the equal quarter in 2020. Non-IFRS internet loss excludes approximately $2.5 million in share-primarily based funds; depreciation and amortization of property and device and intangible belongings; alternate in provision for dubious and bad debt; and non-recurring costs concerning relocating the business’s creation facilities to a brand new location, compared to a complete of $0.6 million of identical costs for a similar quarter in 2020. (See “Use of Non-IFRS Measures” under). Loss per ads (basic and diluted) for the primary quarter of 2021 changed into $0.36 compared to $0.15 within the same quarter in 2020. Non-IFRS loss per ads (primary and diluted) (see “Reconciliation of IFRS to Non-IFRS fiscal Measures” below) for the first quarter of 2021 became $0.20, compared to $0.11 in the same quarter in 2020. (See “Use of Non-IFRS Measures” under). As of March 31, 2021, the company had cash, money equivalents and brief-time period bank deposits of $78.9 million. assistance Full year 2021 earnings remains anticipated to be in the range of $52 to $fifty three million, representing boom of 27% to 29% over full yr 2020 salary. lease agreement - Caesarea Headquarters The enterprise entered into a brand new rent agreement, replacing the latest agreement, for the hire of approximately 12,500 rectangular ft of workplace area, as of January 1, 2022, for the company’s headquarters, research, construction and earnings places of work, within the Northern Caesarea company Park, Caesarea, Israel. conference call and Webcast counsel The enterprise will host a convention name nowadays at 8:00 a.m. jap Time, three:00 p.m. Israel Time to overview fiscal consequences and provide a company update. To hear are living by means of webcast, please consult with https://www.itamar-clinical.com/, or by using clicking right here. To take part by the use of telephone, please use the dial in suggestions: U.S. toll-free: 833-519-1272International: 914-800-3844Israel toll-free: 1-809-315-362Conference identity: 9398218 Please log in about 10 minutes prior to the scheduled birth time. An archived webcast additionally can be supplied within the activities and displays section of the enterprise’s site. Use of Non-IFRS Measures besides disclosing economic consequences organized in response to international financial Reporting necessities (IFRS) as issued by means of the overseas Accounting commonplace Board (IASB), this press free up contains Non-IFRS fiscal measures for operating loss and net loss, that are adjusted from outcomes in keeping with IFRS to exclude: (i) share-based funds; (ii) depreciation and amortization of property and device and intangible property; (iii) exchange in provision for doubtful and dangerous debt; and (iv) non-ordinary costs concerning relocating creation facilities to a brand new place. management believes that the Non-IFRS financial measures offered during this press free up are positive to investors’ realizing and evaluation of the business’s performance. management uses both IFRS and Non-IFRS measures when operating and evaluating the business’s company internally and hence decided to make these Non-IFRS adjustments obtainable to buyers. The presentation of this Non-IFRS fiscal tips is not intended to be regarded in isolation or as a substitute for the monetary suggestions prepared and offered based on IFRS. For additional particulars, see a reconciliation of operating loss and net loss on an IFRS foundation to a Non-IFRS foundation that is supplied within the table that accompanies this press release. About Itamar scientific Ltd. Itamar clinical is a scientific know-how company focused on the construction and commercialization of non-invasive clinical instruments and solutions to aid within the prognosis of respiratory sleep issues. Itamar scientific commercializes a digital healthcare platform to facilitate the continuum of take care of advantageous sleep apnea management with a spotlight on the core sleep, cardiology and direct to consumer markets. Itamar clinical offers a total Sleep solution to assist physicians supply finished sleep apnea management in a whole lot of medical environments to optimize patient care and reduce healthcare gadget charges. The company’s key product, WatchPAT, is commercially purchasable inside important markets including the U.S., Japan and Europe. Itamar clinical is a public company traded on the Nasdaq and on the Tel Aviv inventory Exchanges, and is primarily based in Caesarea, Israel with U.S. headquarters based mostly in Atlanta, GA. For additional information talk over with www.itamar-clinical.com. forward-searching Statements This press release carries forward-searching statements inside the which means of the “safe harbor” provisions of the deepest Securities Litigation Reform Act of 1995 and different applicable securities laws. Statements preceded through, followed with the aid of, or that in any other case consist of the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, and similar expressions or future or conditional verbs corresponding to “will”, “should”, “would”, “may additionally” and “may” are generally ahead-searching in nature and not old facts. for example, once we focus on the 2021 revenue guidance latitude, we are the use of ahead-searching statements. as a result of such statements deal with future routine, they are field to quite a lot of risks, uncertainties and assumptions, together with movements and cases out of Itamar clinical’s handle and specific effects, expressed or implied by using such ahead-looking statements, may range materially from Itamar medical’s current expectations. elements that might cause or make contributions to such variations encompass, but don't seem to be restrained to, risks, uncertainties and assumptions mentioned sometimes by means of Itamar clinical in studies filed with, or furnished to, the U.S. Securities and alternate fee (SEC) and the Israel Securities Authority (ISA), together with the company’s Annual document on kind 20-F to be filed with the SEC, which is on file with the SEC (available at www.sec.gov) and the ISA. except as in any other case required via law, Itamar clinical undertakes no obligation to publicly unencumber any revisions to those forward-looking statements to mirror movements or cases after the date hereof or to reflect the incidence of unanticipated hobbies. Itamar medical Investor members of the family Contact (U.S.)Leigh SalvoGilmartin GroupPhone: +1-415-937-5412investors@itamar-medical.com * The contents of any website or hyperlinks mentioned during this press free up are for informational functions and the contents thereof are not a part of this press unlock. ITAMAR clinical LTD.CONDENSED CONSOLIDATED STATEMENTS OF economic place (Unaudited) March 31,2021 December 31, 2020 U.S. dollars in thousands assets present assets cash and money equivalents $51,869 $9,670 short-time period financial institution deposits 27,000 30,000 trade receivables 8,269 eight,354 other receivables 2,693 2,251 Inventories 7,146 7,164 total latest assets ninety six,977 57,439 Non-latest property lengthy-term restricted deposits and prepaid charges 563 547 long-time period change receivables 278 412 Property and gadget three,245 2,904 Intangible belongings 3,206 1,037 correct-of-use assets 1,554 1,801 complete non-present assets 8,846 6,701 total assets $a hundred and five,823 $sixty four,a hundred and forty Liabilities current liabilities short-time period financial institution mortgage $5,000 $5,000 existing maturities of lengthy-term loan a hundred thirty five one hundred thirty five present maturities of rent liabilities 665 seven-hundred exchange payables 4,499 four,418 other payables 4,266 5,973 accumulated costs 1,726 1,091 Provisions 333 321 brief-term employee advantages 613 354 complete current liabilities 17,237 17,992 Non-current liabilities long-time period loan 117 154 long-term lease liabilities 1,106 1,380 diagnosed liability for described improvement plan, web 261 271 different long-time period liabilities 1,271 1,271 complete non-existing liabilities 2,755 three,076 total liabilities 19,992 21,068 fairness average share capital 1,340 1,one hundred forty extra paid-in capital 207,469 161,006 amassed deficit (122,978) (119,074)total fairness 85,831 forty three,072 total liabilities and fairness $a hundred and five,823 $sixty four,140 ITAMAR clinical LTD.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) Three Months Ended March 31, 2021 2020 U.S. bucks in lots (exceptper share and ads records) Revenues $eleven,977 $eight,378 can charge of revenues 3,968 2,050 Gross earnings eight,009 6,328 operating prices: selling and advertising and marketing 7,325 5,263 analysis and development 2,889 1,302 ordinary and administrative three,091 1,720 total working fees 13,305 8,285 working loss (5,296) (1,957)financial income (fees): economic income 146 235 financial costs (327) (234)financial revenue (fees), net (181) 1 Loss earlier than taxes on profits (5,477) (1,956)Taxes on earnings (46) (42)internet loss $(5,523) $(1,998) Loss per share – fundamental and diluted (in U.S. greenbacks) $(0.01) $(0.01) Weighted typical number of shares used in computation of loss per shares – basic and diluted (in thousands) 463,250 389,927 Loss per advertisements – basic and diluted (in U.S. dollars) $(0.36) $(0.15) Weighted normal variety of ADSs utilized in computation of loss per ads – basic and diluted (in lots) 15,442 12,998 ITAMAR medical LTD.CONDENSED CONSOLIDATED STATEMENTS OF money FLOWS(Unaudited) Three Months Ended March 31, 2021 2020 U.S. bucks in thousands cash flows from working activities net loss $(5,523) $(1,998)adjustments for: Depreciation and amortization 758 410 Share-primarily based price 1,620 362 trade in provision for dubious and bad debt (3) 32 web monetary charge (profits) 167 (97)lessen in exchange receivables 222 1,184 reduce (raise) in other receivables (469) 228 enhance in inventories (133) (761)boost in change payables 95 429 decrease in different payables (1,718) (1,292)increase in provisions 12 51 increase in worker advantages 249 seventy nine income tax charges 46 42 Taxes paid during the length (sixteen) (1)pastime paid all the way through the period (159) (147)pastime bought all over the length 54 73 internet cash utilized in working activities (4,798) (1,406)money flows from investing actions Redemption of brief-time period bank deposits 3,000 - buy of property and gadget, intangible belongings, and capitalization of construction expenditure (2,274) (231)internet money supplied by (utilized in) investing activities 726 (231)money flows from financing actions Proceeds from issuance of shares, net of share issuance fees 46,660 37,061 reimbursement of major of lease liabilities (248) (225)repayment of long-time period personal loan (33) - Issuance of shares due to the recreation of inventory alternatives 4 - internet money provided by way of financing activities forty six,383 36,836 increase in cash and money equivalents forty two,311 35,199 cash and money equivalents at starting of length 9,670 15,one hundred fifteen effect of alternate rate fluctuations on balances of money and money equivalents (112) 128 money and cash equivalent balance at end of duration $51,869 $50,442 Non-cash investing exercise – acquisition of intangible assets $600 $- Non-cash financing recreation – share issuance prices $- $511 ITAMAR scientific LTD.RECONCILIATIONS OF IFRS TO NON-IFRS monetary MEASURES (Unaudited) Three Months Ended March 31, 2021 2020 U.S. bucks in hundreds (except per ads facts) IFRS operating loss $(5,296) $(1,957)IFRS internet loss $(5,523) $(1,998) cost of revenues: Share-primarily based charge 43 2 Depreciation and amortization of property and device and intangible belongings 165 102 Non-recurring costs concerning relocating the company’s production facilities to a brand new vicinity 376 - 584 104 operating prices: promoting and marketing: Share-primarily based charge 643 119 Depreciation and amortization of property and device and intangible assets 34 31 677 one hundred fifty research and development: Share-primarily based price 327 71 Depreciation and amortization of property and equipment and intangible assets 294 19 621 90 accepted and administrative: Share-based payment 607 164 Depreciation and amortization of property and gadget and intangible belongings 23 16 trade in provision for doubtful and dangerous debt (3) 32 627 212 economic income (prices), web: Share-based mostly fee - 6 - 6 Non-IFRS working loss $(2,787) $(1,401)Non-IFRS web loss $(three,014) $(1,436) IFRS loss per adverts – basic and diluted (in U.S. bucks) $(0.36) $(0.15) Non-IFRS loss per ads – primary and diluted (in U.S. bucks) $(0.20) $(0.11)




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References :


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