Ann: ResMed Announces Results for the First Quarter of FY2024, page-46

Thanks for the posts folks, much appreciated.

I was comparing the 1Q23 & 1Q24 Earnings-Presentationsbelow. I took note that a year earlier the company stated that they had changedover 144 million lives with their digital health products and cloud-basedsoftware solutions. Refer to the links below.

Revenue ($M) - Q1 FY23 - $950.3

Non-GAAP Operating Income ($M) - Q1 FY23 - $290.8

Non-GAAP EPS - Q1 FY23 - $1.51

https://s2.q4cdn.com/231003812/files/doc_financials/2023/q1/RMD_1Q23-Earnings-Presentation_27OCT22_vFINAL.pdf

Fast forward a year to their 1Q24-Earnings-Presentationand the company have stated that they have now changed over 165 million liveswith their digital health products and cloud-based software solutions. That’san increase of 21 million lives in a period of a year.

Revenue ($M) - Q1 FY24 - $1,102.3

Non-GAAP Operating Income ($M) - Q1 FY24 - $318.8

Non-GAAP EPS - Q1 FY24 - $1.64

https://s2.q4cdn.com/231003812/files/doc_financials/2024/q1/RMD_1Q24-Earnings-Presentation_23OCT23_vF.pdf

Take note that their goal is to transform 250million lives in a little over a year. That’s a hefty goal from here. They needto maintain existing clients (165 million) as strongly as they can and increasethose figures by approximately 84 million.

As you can see it doesn’t mean that revenueincreases exponentially as result of client increase, but it does however creepup. The key from here is increasing the recurring revenue aspect of the businesswith continued good margins.

Q1 FY23 financial results

Devices - 55% - $1,866,908

Masks and other - 34%

OOH SaaS - 11%

Q1 FY24 financial results

Devices - 51%

Masks and other - 36%

OOH SaaS - 13%

Revenue by Region Q1 FY23

U.S., Canada, and Latin America - 61%

Europe, Asia, and Other - 28%

OOH SaaS (U.S.) - 11%

Revenue by Region Q1 FY24

U.S., Canada, and Latin America - 58%

Europe, Asia, and Other - 29%

OOH SaaS (U.S.) - 13%

Page 47 of the Annual Report below summarizes thecompany's net revenue disaggregated by segment, product and region for the yearended June 30, 2023 compared to the year ended June 30, 2022. Tony

https://s2.q4cdn.com/231003812/files/doc_downloads/2023/09/f9548081-3e6d-4ac3-8660-34f1ed7b3015.pdf

Tony