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Stock impact report

GeneDx Reports Fourth Quarter and Full Year 2024 Financial Results and Issues Guidance for Full Year 2025

GeneDx Holdings Corp. - Class A (WGS) 
Company Research Source: Business Wire
Grew fourth quarter 2024 revenues1 to $95.3 millionExpanded fourth quarter 2024 adjusted gross margins1,2 to 70%Generated fourth quarter 2024 adjusted net income2 of $16.8 millionFY 2025 revenue guidance of $350M to $360M, exome/genome volume and revenue growth of at least 30%GeneDx to host conference call today at 8:30 a.m. ET GAITHERSBURG, Md.--(BUSINESS WIRE)--GeneDx Holdings Corp. (Nasdaq: WGS), a leader in delivering improved health outcomes through genomic insights, today reported its financial results for the fourth quarter and full year of 2024."The fourth quarter capped an outstanding year for GeneDx, as we work to end the diagnostic odyssey with earlier intervention using our industry-leading exome and genome testing for an ever-growing number of families. Importantly, diagnosing disease earlier with our cost-effective technology means GeneDx can help save the healthcare system valuable dollars,” said Katherine Stueland, President and Chief Executive Officer of GeneDx. “L Show less Read more
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