earnings
confidence high
sentiment negative
materiality 0.75
OPKO Health Q2 net loss of $101.7M on $309.9M revenue; NGENLA launch, ModeX acquisition
OPKO HEALTH, INC.
2022-Q2 EPS reported
-$0.23
revenue$639,111,000
- Acquired ModeX for $300M in stock; Dr. Zerhouni appointed President/Vice Chairman, Dr. Nabel Chief Innovation Officer.
- Pfizer launched NGENLA in Europe/Japan; OPKO received $85M milestone payment.
- Closed GeneDx sale to Sema4 for ~$322M upfront (cash + shares) plus up to $150M milestones.
- BRL diagnostics revenue fell to $186.8M from $397.2M; COVID PCR tests dropped to 0.9M from 2.8M.
- Net loss includes $71.2M non-cash charge from Sema4 stock decline; operating loss of $10.7M.