earnings
confidence high
sentiment neutral
materiality 0.75
Biodesix Q1 core lung diag rev $4.6M (+17% YoY); net loss $15.6M; raised $27.4M post-quarter
BIODESIX INC
2023-Q1 EPS reported
-$0.50
revenue$6,548,000
- Core lung diagnostic revenue $4.6M (+17% YoY); total revenue $6.5M (-77% YoY) as COVID-19 testing fell 96%.
- Net loss $15.6M (increase 124% YoY); operating expenses $17.8M, up 10%.
- Raised $27.4M post-Q1: $11.7M private placement, $2.7M ATM, $13M net from $25M debt facility.
- Restructured Indi milestone payments, reducing 2022 pay by $7.5M and 2023 by $7.2M.
- Reaffirmed FY2022 total revenue outlook of $37.5M-$39.5M.