earnings
confidence high
sentiment negative
materiality 0.85
NeoGenomics Q2 revenue $125M (+3%), net loss $35M; appoints Chris Smith CEO
NEOGENOMICS INC
- Revenue $125M (+3% YoY); Clinical $106M (+4%), Pharma $19M (-4%). Net loss $35M vs $76M income (incl $97M Inivata gain).
- Adjusted EBITDA negative $16M vs positive $5M in Q2 2021; adjusted net loss $20M vs $1M.
- Chris Smith appointed CEO effective Aug 15; Vishal Sikri named President, Pharma Services in May.
- Cash and securities $466M; company launched enterprise-wide performance improvement plan.