Cyberattack won't hinder Masimo from delivering goods as promised
In a recent announcement, Masimo, a leading patient monitoring device manufacturer based in Irvine, California, has reassured its stakeholders that the cyberattack disclosed earlier in May will not significantly impact its fiscal 2025 revenue.
The company, which had initially warned that the cyberattack had impacted its ability to fulfill orders, has now stated that it will not hinder this capability. Masimo's critical order taking, distribution, and shipping systems are fully operational, and the company is optimising its systems to ensure delayed orders are processed in a timely manner.
Despite the cyberattack, Masimo has not revised its fiscal 2025 revenue expectations since the disclosure. The company's fiscal 2025 financial outlook, updated on May 6, includes a revenue range of $1.5 billion to $1.53 billion. Masimo anticipates reaffirming the updated financial outlook it provided on May 6.
Masimo is working with third-party forensic experts to investigate the cyberattack and has contacted law enforcement regarding the incident. The company launched an investigation into unauthorized activity on its on-premises network on April 27.
Masimo has cyber insurance to cover most of the out-of-pocket remediation costs related to the cyberattack. The company is committed to fulfilling existing customer orders and meeting seasonal demand, despite the cyberattack.
It is worth noting that there is limited specific information available regarding Masimo's revised revenue expectations for fiscal 2025 following the cyberattack that affected its manufacturing capacity. For the most accurate and up-to-date information, it would be advisable to consult Masimo's recent SEC filings or official communications.
As of early May 2025, Masimo had announced its initial fiscal 2025 outlook, but there has been no explicit mention of revising these expectations due to the cyberattack in the provided search results. Typically, companies may adjust their financial forecasts in response to significant events like cyberattacks, but such revisions would be detailed in subsequent financial reports or investor communications.
In conclusion, while Masimo has faced a cyberattack, the company remains optimistic about its fiscal 2025 revenue prospects and is working diligently to ensure that its operations run smoothly and customer orders are fulfilled promptly.
Masimo's commitment to cybersecurity is evident as they work with third-party forensic experts and law enforcement to investigate the cyberattack that affected their on-premises network. Despite the incident, Masimo is leveraging science and technology to optimize its systems for timely order processing, prioritizing the fulfillment of both existing customer orders and seasonal demand. Moreover, the company's financial outlook in health-and-wellness, cybersecurity, finance, and technology remains strong, with revenue expectations for fiscal 2025 yet to be revised following the disclosure of the attack.
