Omnicell Inc to Host Innovation Update and Q&A Session at ASHP Midyear Industry Trade Show Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Eugene Mannheimer - Freedom Capital Markets - Analyst : Sure. In terms of -- so the revenue opportunity not to expect much from Titan in 2026. But will customers be kind of making incremental purchases maybe to get ready for Titan? Is there some ramp before they do that?

Question: Eugene Mannheimer - Freedom Capital Markets - Analyst : Got it. And just if I could get a quick follow-up. When you introduced XT back in 2017 or whenever it was, you talked about, I don't know, $900 million opportunity at scale to swap out with traditional cabinet with XT. Is there -- do you want to put some parameters around Titan?

Question: Eugene Mannheimer - Freedom Capital Markets - Analyst : I know you can't control when systems move on hardware and maybe last cycle probably happened faster than you thought. And it sounds like you're trying to utilize leasing, maybe to bring out the lumpiness of some of the hardware sales. Can we talk about the recurring side of revenue, what's going to drive sort of the recurring nature of the business beyond sort of the cycle?