GeneDx climbs after profitability milestone in Q3 [Seeking Alpha]
Opko Health, Inc. (OPK)
Last opko health, inc. earnings: 2/26 04:05 pm
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Source: Seeking Alpha
and reached profitability with its Q3 2024 financials, which exceeded Street forecasts. Stamford, Connecticut-based GeneDx ( NASDAQ: WGS ) recorded $76.6M in revenue for the quarter, beating the consensus by as much as $11.9M with ~52% YoY growth as its exome and genome test revenue jumped ~77% YoY to $60.0M. “We delivered 77% growth on exome and genome revenues in Q3 and have reached the point of profitability, a significant milestone in our company's history,” CEO Katherine Stueland remarked. While the company recorded a $8.3M GAAP net loss, its adjusted net income reached $1.2M, indicating ~ a 106% YoY improvement as adjusted gross margin widened to 64% compared to 48% in the year-ago quarter. GeneDx ( WGS ) lifted its full-year revenue guidance to $284M-$290M from $255M-$265M previously and $263.4M in the consensus. It also increased the minimum estimate for 2024 adj. gross margin to 62% from 60%. “With an ever-growing number of families eligible for our services, our gr
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OPK
News
- GeneDx to Highlight Key Research Findings at American Society of Human Genetics (ASHG) Annual Meeting [Yahoo! Finance]Yahoo! Finance
- OPKO Health to Report Third Quarter 2024 Financial Results on November 7, 2024GlobeNewswire
- GeneDx CEO on q3 earnings beat, genetic testing and pediatric health [CNBC]CNBC
- GeneDx climbs after profitability milestone in Q3 [Seeking Alpha]Seeking Alpha
- Groundbreaking GUARDIAN Study Shows Benefits of Adding Genome Sequencing to Newborn Screening; Augments and Improves Standard Newborn Screening [Yahoo! Finance]Yahoo! Finance
OPK
Earnings
- 8/7/24 - Beat
OPK
Sec Filings
- 11/4/24 - Form SC
- 9/27/24 - Form 4
- 9/27/24 - Form 4/A
- OPK's page on the SEC website