Veracyte Inc (VCYT) Q3 2024 Earnings Call Highlights: Record Revenue Growth and Strategic Outlook [Yahoo! Finance]
Veracyte, Inc. (VCYT)
Last veracyte, inc. earnings: 2/25 04:05 pm
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US:NASDAQ Investor Relations:
investor.veracyte.com/investor-relations
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Source: Yahoo! Finance
Total Testing Volume: Approximately 36,800 tests, a 20% increase over the prior year period. Testing ASP: Approximately $2,975, including $3.5 million of prior period collections; adjusted ASP would be approximately $2,875, up 7% year over year. Decipher Revenue Growth: 48% year over year. Afirma Revenue Growth: 19% year over year. Non-GAAP Gross Margin: 71%, up approximately 130 basis points year over year. Testing Gross Margin: 74%, up approximately 10 basis points year over year. Product Revenue: $3.2 million, down 21% year over year. BioPharma and Other Revenue: $3.1 million, down 23% year over year. Non-GAAP Operating Expenses: $57.6 million, up 11% year over year. GAAP Net Income: $15.2 million. Adjusted EBITDA: $27.3 million, or 24% of revenue. Cash and Cash Equivalents: $274.1 million at the end of Q3. 2024 Revenue Guidance: Raised to $442 million to $445 million. 2024 Adjusted EBITDA Margin Guidance: Expected to be slightly more than 20%. Warning!
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VCYT
News
- Veracyte, Inc. (NASDAQ: VCYT) had its price target raised by analysts at Morgan Stanley from $26.00 to $28.00. They now have an "underweight" rating on the stock.MarketBeat
- Veracyte, Inc. (NASDAQ: VCYT) is now covered by analysts at Wolfe Research. They set an "outperform" rating and a $50.00 price target on the stock.MarketBeat
- Veracyte, Inc. Just Recorded A 296% EPS Beat: Here's What Analysts Are Forecasting Next [Yahoo! Finance]Yahoo! Finance
- Veracyte, Inc. (NASDAQ: VCYT) had its price target raised by analysts at Scotiabank from $40.00 to $44.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Veracyte Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
VCYT
Earnings
- 11/6/24 - Beat
VCYT
Sec Filings
- 11/21/24 - Form 4
- 11/19/24 - Form 144
- 11/14/24 - Form 4
- VCYT's page on the SEC website