Tempus Reports Third Quarter 2024 Results and Agreement to Acquire Ambry Genetics [Yahoo! Finance]
Tempus AI, Inc. - Class A (TEM)
Company Research
Source: Yahoo! Finance
medicine and patient care, today reported financial results for the quarter that ended September 30, 2024. The company also announced that it has entered into an agreement to acquire Ambry Genetics, a leader in genetic testing that aims to improve health by understanding the relationship between genetics and disease. Revenue increased 33.0% year-over-year to $180.9 million in the third quarter of 2024 Data and services revenue growth accelerated to 64.4% year-over-year Genomics unit growth accelerated to 23.9% annually with rising average revenue per clinical test Net Loss of $(75.8 million), which included $22.2 million of stock compensation expense and related employer payroll taxes Adjusted EBITDA improved $14.4 million year over year to $(21.8 million) Expect full year 2024 revenue of ~$700 million, which represents ~32% annual growth For additional information on the quarter, including a letter from our CEO and CFO, please visit our investors relations site at inves
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News
- Tempus AI, Inc. (NASDAQ: TEM) had its "neutral" rating re-affirmed by analysts at Piper Sandler. They now have a $70.00 price target on the stock, up previously from $40.00.MarketBeat
- Tempus Molecular Profiling Integration Now Available Through Flatiron’s OncoEMR®Business Wire
- Tempus Publishes Study Highlighting Benefits of Concurrent RNA and DNA Sequencing in Advanced Cancer CareBusiness Wire
- Tempus AI, Inc. (NASDAQ: TEM) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $65.00 price target on the stock, up previously from $45.00.MarketBeat
- Tempus AI, Inc. (TEM) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
TEM
Earnings
- 11/4/24 - Miss
TEM
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- 11/5/24 - Form 4
- TEM's page on the SEC website