earnings
confidence high
sentiment positive
materiality 0.80
Veracyte Q2 revenue $114.4M (+27% YoY); net income $5.7M; record test volumes
VERACYTE, INC.
2024-Q2 EPS reported
$0.05
revenue$211,272,000
- Total revenue $114.4M (+27% YoY); testing revenue +31%; test volume 39,023 (+23%).
- Net income $5.7M; adjusted EBITDA $24.0M (21% of revenue); generated $26.7M cash.
- Record Decipher Prostate volume ~19,900 (NCCN guideline boost); Afirma volume ~15,700 (new Medicare coverage for Bethesda V).
- Cash and cash equivalents $235.9M; three Decipher studies published including SEER-linked analysis.