earnings
confidence high
sentiment positive
materiality 0.75
NeoGenomics Q2 revenue $165M (+12% YoY); raises FY2024 EBITDA guidance to $33-37M
NEOGENOMICS INC
- Q2 revenue $165M (+12% YoY); net loss narrowed 23% to $19M.
- Adjusted EBITDA $11M (+630% YoY) vs -$2M in prior-year quarter.
- Clinical Services revenue $141M (+15% YoY); Advanced Diagnostics $23M (-3%).
- FY2024 guidance raised: revenue $655-667M (from $650-660M); adj. EBITDA $33-37M (from $21-24M).
- Cash and marketable securities $388M at quarter end.