secwatch / observer
8-K filed May 11, 2023, 7:59 PM ET ticker BDSX CIK 0001439725
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

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BIODESIX INC reported the first quarter ended March 31, 2023 results: revenue $9.1 million, net income $18.7 million, EPS $0.24. Guidance reaffirmed.

Period
the first quarter ended March 31, 2023
Revenue
$9.1 million
Net income
$18.7 million
EPS
$0.24
Guidance
reaffirmed
Result
reported results
Exact text from the filing
First Quarter 2023 Financial Results For the three-month period ended March 31, 2023, as compared to the same period of 2022 (where applicable): • Total revenue of $9.1 million, an increase of 38%, driven primarily by strong year-over-year growth in core lung diagnostics: o Core lung diagnostic revenue of $8.6 million reflected a year-over-year increase of 86% driven primarily by the continued adoption of Nodify Lung® nodule management tests; o BioPharma Services revenue of $0.4 million decreased 55% year-over-year. Timelines for existing and new agreements continue to be impacted by delayed enrollment in clinical trials; entered the second quarter of 2023 with continued strong dollars under contract; o COVID-19 testing revenue decreased by 99% year-over-year, and consistent with our revenue guidance. In connection with the expected expiration of the Public Health Emergency declaration, the Company will no longer provide COVID-19 diagnostic testing services commercially; • First quarte
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Source: SEC EDGAR
accession 0000950170-23-021281
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