earnings
confidence high
sentiment positive
materiality 0.75
Biodesix Q1 revenue $9.1M (+38% YoY); core lung diagnostics up 86% to $8.6M
BIODESIX INC
2023-Q1 EPS reported
-$0.24
revenue$9,056,000
- Total revenue $9.1M, +38% YoY; core lung diagnostic revenue $8.6M, +86% YoY.
- Net loss $18.7M ($0.24 per share); operating expenses $22.3M up 25% YoY.
- Gross margin improved to 65% from 51% due to shift from lower-margin COVID-19 tests.
- COVID-19 testing revenue down 99% YoY; company discontinues commercial COVID-19 testing.
- Reaffirmed 2023 total revenue guidance $52M-$55M; cash $25.3M as of March 31.