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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
ๅŠ ๅ…ฅ March 2022
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GENEDX $WGS Q3โ€™26 EARNINGS HIGHLIGHTS ๐Ÿ”น Revenue: $123.1M (Est. $123M) ๐ŸŸก; +5% YoY ๐Ÿ”น Adj. EPS: $0.28 (Est. $0.07) ๐ŸŸข ๐Ÿ”น GAAP EPS: -$0.41 ๐Ÿ”น Exome & Genome Revenue: $110.4M; +12% YoY ๐Ÿ”น Exome & Genome Volume: 32,134; +25% YoY ๐Ÿ”น Non-GAAP Gross Margin: 72%; -200 bps YoY FY26 Guide: ๐Ÿ”น Revenue: $475M-$490M (Est. $482M) ๐ŸŸก ๐Ÿ”น Exome & Genome Revenue Growth: At least 17% ๐Ÿ”น Exome & Genome Volume Growth: At least 28% ๐Ÿ”น Adjusted Gross Margin: ~71% ๐Ÿ”น Adjusted Net Income: ~$12M Q4 Guide: ๐Ÿ”น Revenue: $135M ๐Ÿ”น Exome & Genome Revenue: $121M ๐Ÿ”น Exome & Genome Volume: 34,500 tests ๐Ÿ”น Adjusted Gross Margin: At least 71% ๐Ÿ”น Adjusted Net Income: ~$12M Customers & Assets: ๐Ÿ”น Accession Growth: +28% YoY Announcements: ๐Ÿ”น GUARDIAN Study: 30,000 newborns enrolled; 72.3% parental participation ๐Ÿ”น BRIDGES-NBS: Screen up to 30,000 newborns for 700+ conditions over two years Key Updates: ๐Ÿ”น Adjusted Net Income: $8.6M ๐Ÿ”น Medicaid Coverage: 25 state programs now cover whole genome sequencing ๐Ÿ”น ASHG: 27 scientific abstracts presented Comments: ๐Ÿ”ธ โ€œOur Q3 results reflect profitable execution in a growing market, as we translate the rising demand for exome and genome testing into durable revenue growthโ€ ๐Ÿ”ธ โ€œOur priorities are clear: improve the economics of our testing, expand utilization, and deliver leading products at scale.โ€
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