M&A
confidence high
sentiment positive
materiality 0.85
Tempus AI Q3 revenue $180.9M (+33% YoY), net loss $75.8M, agrees to buy Ambry Genetics for $600M
Tempus AI, Inc.
- Q3 revenue $180.9M (+33% YoY); net loss $75.8M (incl. $22.2M stock comp); Adj EBITDA -$21.8M (improved $14.4M YoY).
- FY2024 guidance: revenue ~$700M (~32% growth), Adj EBITDA ~($105M), improvement of ~$50M over 2023.
- Acquired Ambry Genetics for $600M ($375M cash + $225M shares); Ambry expects >$300M rev, >$40M EBITDA in CY2024.
- Data & services rev +64.4% YoY, Insights rev +86.6%; Genomics unit growth 23.9%, rev +20.3%.
- Debt financing: $300M increase from Ares; cash & marketable securities $466.3M.